NEWPORT BEACH, CA -- (Marketwire) -- 12/04/09 -- Newport Digital Technologies, Inc. (OTCBB: NPDT) announced today that it has made a strategic adjustment in its senior management team as it prepares to launch its RFID and wireless digital signage solutions. Current CEO, Gary DeMel will become Chief Strategy Officer and focus exclusively on developing worldwide sales channels, while COO Weiling Tsao will also assume the position of President. NPDT's current President, Michael Lutton, has been appointed to the position of Chief Executive Officer.
"We are pleased to announce these strategic changes in our management team as we prepare the launch of our first two technology product lines in the RFID and wireless digital signage markets," said NPDT founder and Chairman, Richard Damion. "After working with management for the past several months, I have decided to make these adjustments to allow each member of our team to focus on their area of expertise. Given the vast size of the RFID and digital signage markets along with Mr. DeMel's past experience as senior director of worldwide sales and business development for Intel Corporation and senior VP of worldwide sales for ATI, his immediate focus will be in driving Newport Digital's sales efforts."
Damion continued, "Weiling Tsao, who came to NPDT from technology giant, AMD/ATI, has demonstrated the talent and ability to manage the detailed day-to-day operations of the company, including overseeing engineering, research and development and sales and marketing. As CEO, Mike Lutton will oversee corporate finance, long term strategic planning, interfacing with buy and sell side analysts and heading up corporate communications. Mike's talents lend themselves to these responsibilities."
"Expanding Weiling's role to President in charge of day-to-day operations is a natural evolution," said newly appointed CEO, Michael Lutton. "Weiling has more than 30 years of experience in all facets of technology development and sales and has made great progress in establishing NPDT as a viable company partnered with Taiwan's R&D powerhouses, III and ITRI."
Lutton concluded, "We have a very efficient and scalable business model and a management team that can make it happen. The changes we are making today will allow NPDT to better execute its strategic plan to the benefit of all shareholders."
ABOUT NEWPORT DIGITAL TECHNOLOGIES, INC.
Newport Digital Technologies, Inc. (www.newportdt.com) is a technology solutions driven company organized to focus on serving five of the fastest-emerging businesses in the technology space -- RFID (radio-frequency identification), WiMax, Voice Over Internet Protocol (VoIP) technology, Digital Signage & LED Lighting and Security & Surveillance solutions. NDT develops and delivers these technology solutions through strategic collaborations with global partners, including Taiwan Industry and Taiwan's premier technology R&D incubators -- the Institute for Information Industry (III) www.iii.org.tw/english and the Industrial Technology Research Institute (ITRI) www.itri.org.tw/eng. Once developed, NDT customizes these technology solutions and markets them through Fortune 1000 channel partners and systems integrators on a worldwide basis.
This press release contains certain forward-looking statements with respect to NDT and its business. Statements that are not historical facts are identified as "forward-looking statements." The words "estimate," "project," "intend," "expect," "believe," "plan," and similar expressions, particularly when used in the "future tense," are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Information on potential risk factors that could affect the Company's business plans and financial results can be found in the Company's reports filed with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.