Avistar's CEO
MurrayMetzger brings to Avistar more than 11 years of experience in
financial management, regulatory compliance and operations at technology
organizations. Prior to joining Avistar, MurrayMetzger served as Assistant
Controller of Centra Software, Inc., a provider of software solutions for
online business communication, collaboration and learning. During his tenure
at Centra from
"Eli's proven track record in building and managing timely, accurate
financial operations for global organizations will be instrumental as Avistar
positions itself for sustained growth," said Moss. "My team and I look forward
to working with Eli to maintain the disciplined approach to financial
management and operational focus across our business that showed such promise
during 2008. Given the importance of the role, Eli will be the Acting CFO for
a three month review period to ensure that everything we need to continue our
growth is in place. No executive search will be undertaken. At the same time,
our team would like to thank
Prior to Centra, MurrayMetzger worked for the technology audit practice of
PricewaterhouseCoopers from
"Avistar has a tremendous opportunity to expand its global footprint as companies look at how to more effectively manage travel costs to address the current economic climate and maintain a competitive advantage utilizing Avistar's rich media communications desktop videoconferencing and collaboration products," MurrayMetzger said. "We have done some amazing things in positioning this company for the future and I look forward to helping to accelerate the next phase of growth with world-class products, customers and employees."
About Avistar Communications Corporation
Avistar (Nasdaq: AVSR) is a leader in desktop video communications, providing proven business-class technology. Avistar's desktop videoconferencing installations include more than 100,000 committed desktop seats worldwide, bringing together business users any time and any place. Companies such as IBM Corp., Sony Corp., LifeSize Communications, Inc., and Polycom Inc. use Avistar technology to power their unified communications solutions. Avistar works with leading-edge technology partners and resellers including CityIS, Beyondis, and Fontel in more than 40 countries. For more information, go to http://www.avistar.com.
Cautionary Note Regarding Forward-Looking Statements
The statements made in this press release that are not historical facts are "forward-looking statements." These forward-looking statements, include, but are not limited to, statements regarding Avistar's financial results for the fourth quarter of 2008 and fiscal 2009 and growth in Avistar's business. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties. The company cautions readers of this press release that a number of important factors could cause actual future events and results to differ materially from those expressed in any such forward-looking statements. Such factors include, without limitation, as Avistar's lengthy sales cycle, volatility associated with Avistar's sales and licensing activities, market acceptance of Avistar's products, increased competition in the market for unified communications, technical challenges associated with product development, ongoing technological developments and changing industry standards and challenges associated with protecting and licensing Avistar's intellectual property. These important factors and other factors that potentially could cause actual future results to differ materially from current expectations are described in our filings with the SEC, including the company's most recent annual report on Form 10-K, quarterly report on Form 10-Q and current reports on Form 8-K. Readers of this press release are referred to such filings. The forward-looking statements in this press release are based upon information available to the company as of the date of the release, and the company assumes no obligation to update any such forward-looking statements.
SOURCE Avistar Communications Corporation