Board Change

RNS Number : 9203T

Amino Technologies PLC

14 December 2011

 



14 December 2011

Amino Technologies plc

Board Change

Amino Technologies plc ("Amino" or the "Company") today announced that Andrew Burke, Chief Executive Officer of Amino, will be leaving the Company with immediate effect to pursue other opportunities and that Donald (Don) McGarva, who is currently Chief Operating Officer, will become CEO of the Company.

As reflected in the trading update issued on 6 December 2011, the Company expects to report profits for the year ended 30 November 2011 that are marginally ahead of market expectation with a strong cash position of £14.1m.

The Amino corporate strategy remains unchanged.  The Company will continue to focus aggressively on opportunities in the emerging OTT market, on targeting new customers and on continuing to develop its core IPTV business.

Keith Todd CBE, Non-Executive Chairman said:

"The Board would like to thank Andrew for his success over the past three and a half years, both in developing the Company's existing IPTV business and in establishing a leadership presence for Amino in the new OTT market.  We are pleased that Don, who joined Amino one year ago as COO, has agreed to lead the business through the next phase of profitable growth."

Don McGarva added:

"I am delighted to have been asked to lead Amino at this exciting time for the industry and the Company. We have a team of highly talented people and a strong product portfolio which, together with clear strategic focus and continued improvements in operational execution, bode well for the future."

Enquiries:

Amino Technologies:	[phone]
Keith Todd CBE, Non Executive Chairman	www.aminocom.com
Don McGarva, Chief Executive Officer
FTI Consulting:	[phone]
James Melville-Ross / Matt Dixon / Clare Thomas
finnCap Limited	[phone]
Marc Young / Charlotte Stranner - Corporate Finance
Stephen Norcross / Victoria Bates - Corporate Broking

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