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RBTI Red Branch Technologies Inc (CE)

0.000001
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Red Branch Technologies Inc (CE) USOTC:RBTI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Red Branch Technologies, Inc. Names a Senior Director at EMC as Its New Chairman of the Board

19/10/2011 11:00am

GlobeNewswire Inc.


Red Branch Technologies (CE) (USOTC:RBTI)
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Red Branch Technologies, Inc. (Pink Sheets:RBTI) today announced it has named Dick O'Leary, Senior Director, Global Solutions Group, at multi-billion dollar IT giant EMC Corporation as its new chairman of the board. EMC had annual revenues of $17 billion in 2010 and its market cap in 2011 places EMC among the 10 most valuable Information Technology product companies in the world. The new chairman succeeds R. Paul Gray and will take over the position effective immediately.

After joining EMC in 2004 Mr. O'Leary has been responsible for establishing and overseeing the global security solutions group which, under his leadership, grew from inception into an industry leader with success throughout the Americas, Europe, Middle East and Asia.

In addition to being directly involved with large public and private organizations in the technology and security sectors for the past 20 years, Mr. O'Leary has demonstrated his unique talents in identifying and accelerating growth strategies which directly impacted company revenues. Red Branch Technologies will especially utilize Mr. O'Leary's strong ability to craft and communicate a strategic vision and help build highly focused organizations that deliver substantial new revenue streams as well.

Mr. O'Leary is a widely recognized thought leader in the security industry and is a member of the Intelligence and National Security Alliance, where he serves on the Cloud Computing Task Force, and has been a frequent speaker at leading security summits in the United States, Europe and Asia.  

Prior to joining EMC he was Managing Director for The Boston Group, a strategic advisory firm, where he served as advisor to a number of organizations in the technology, security and financial sectors. He previously earned international industry recognition helping to grow start-ups into multi-million dollar organizations and leading solution development, sales & marketing efforts with two Fortune 500 companies.

About Red Branch Technologies, Inc.:

Red Branch Technologies provides sustainable-energy-powered solutions meeting commercial, industrial, municipal and federal requirements for site security, materials control, emergency communications, water purification and similar on-site applications. The company's ability to simultaneously manage multiple renewable energy sources allows Red Branch Technologies powered solutions to stay up and running longer than the competition. Mobility is another differentiating aspect of Red Branch Technologies' solutions.

The company also offers a unique set of security products for military and law enforcement applications where cost/performance represents a critical selection factor. The application areas include Explosive Ordinance Disposal (EOD) robots, vehicular inspection and Unmanned Aerial Vehicles (UAVs).

More detailed information can be found at www.RedBranchTech.com.

Safe Harbor: This letter contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to successfully implement its turnaround strategy, changes in costs of raw materials, labor, and employee benefits, as well as general market conditions, competition and pricing. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this letter will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as representation by the Company or any other person that the objectives and plans of the Company will be achieved. In assessing forward-looking statements included herein, readers are urged to carefully read those statements. When used in the Annual Report on Form 10-K, the words "estimate," "anticipate," "expect," "believe," and similar expressions are intended to be forward-looking statements.

CONTACT: Investor Relations
         David Donlin
         Cervelle Group
         407-299-2377

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