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Richard Lisa Appointed President of Cinnabar Ventures, Inc.
| Source: Cinnabar Ventures, Inc.
FORT MYERS, FL--(Marketwire - January 19, 2010) - Cinnabar Ventures, Inc. ("Cinnabar") (OTCBB : CNBR ), the creator of the Yippy OS; www.yippy.com, a cloud-based operating
system currently in beta, announces the appointment of Richard "Rick" Lisa,
age 51, as President, Chief Operating Officer and Director. Prior to this
appointment, Mr. Lisa was Vice President of Field Sales and Director of
World Wide Embedded Sales for Advanced Micro Devices, Inc. ("AMD").
"Rick Lisa has nearly thirty years of experience working in senior sales,
marketing and operations management positions for leading technology
companies. His business and organizational experience, industry
relationships, and visionary insights will be invaluable in leading
Cinnabar Ventures into its future as a preeminent cloud-based computing and
services company," said Richard Granville, Chief Executive Officer and
Chairman of Cinnabar.
"I am extremely eager to join the team at Cinnabar Ventures," said Rick
Lisa, newly appointed President of Cinnabar. "The cloud computing industry
is still in its early stages of development despite advancements over the
last decade. This is an exciting time not only in the industry but also
for Cinnabar as well. The Cinnabar management team has made tremendous
progress in bringing together unique capabilities that will differentiate
our efforts from those that have done so much to advance the industry to
this point. Aside from significant cloud middleware, operating system, and
client software developed under the Yippy brand, the new relationships
formed with recently announced business partners will aid us in rapidly
advancing the vertical capabilities of Cinnabar in the cloud computing
business."
"Cinnabar's strategy of building vertically integrated cloud-based
computing capabilities is compelling. When this strategy is combined with
their focus markets, which highlight the family and youth internet market
along with safe, secure business computing services, I strongly believe
Cinnabar will offer a unique approach to the sector," adds Lisa. "I look
forward to capitalizing on the many opportunities that lie ahead."
In his time at AMD, Mr. Lisa directly managed sales and marketing efforts
to major server system builders that were installing advanced hardware in
large high performance computing and cloud businesses in North America.
His intimate knowledge of the state of the art server computing technology
will be applied directly in his new role at Cinnabar. In his most recent
assignment he managed AMD's customer programs for embedded applications
worldwide. These included thin client, kiosk, point of sale, internet
appliances, communications, and dedicated purpose computing platforms; all
of which will impact Cinnabar's future plans.
Prior to AMD, Mr. Lisa held senior executive positions managing
multi-national efforts in sales, marketing, operations, planning and
information systems management at Fairchild Semiconductor Incorporated and
Motorola, Inc. In his 22 years at Motorola, he worked in continually
increasing roles of responsibility in the automotive, communications,
computing and semiconductor divisions of the multinational conglomerate.
His time at Motorola was highlighted by his last position as Vice President
of Worldwide Sales, Consumer Systems and Home Networking Group. In this
role, Mr. Lisa developed and managed both the tactical and strategic sales
& marketing efforts in major accounts including HP, Sony, Scientific
Atlanta, Lexmark, Nintendo, Xerox, Canon and Epson.
About Cinnabar Ventures, Inc.
Based in Fort Myers Florida, Cinnabar Ventures, Inc.,
www.cinnabarcompany.com, is a new economy technology company that develops
technologies and relationships for Web-OS systems in the Cloud computing
sector.
Forward-Looking Statements
Pursuant to The Private Securities Litigation Reform Act of 1995: The
statements in this press release that relate to the Company's expectations
with regard to the future impact on the Company's results from new products
in development are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are
subject to risks and uncertainties. Words such as "expects," "intends,"
"plans," "may," "could," "should," "anticipates," "likely," "believes" and
words of similar import also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses and
other information that are based on forecasts of future results, estimates
of amounts not yet determined and assumptions of management. Readers are
urged not to place undue reliance on the forward-looking statements, which
speak only as of the date of this release since they involve known and
unknown risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially affect
actual results, levels of activity, performance or achievements. We assume
no obligation to publicly update or revise any forward-looking statements
in order to reflect any event or circumstance that may arise after the date
of this release, even if new information becomes available in the future.
Additional information on risks and other factors that may affect the
business and financial results of Cinnabar Ventures, Inc. can be found in
the filings of Cinnabar Ventures, Inc. with the U.S. Securities and
Exchange Commission.