WESTBOROUGH, Mass., June 14, 2011 (GLOBE NEWSWIRE) -- Viking Systems, Inc. (OTCBB:VKNG), a leading worldwide developer, manufacturer and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery, has added three new members to its Board of Directors, increasing the number of directors to six. The new directors are Joseph A. De Perio, Hooks K. Johnston and Amy S. Paul.
Jed Kennedy, Viking Systems' President and CEO said, "We are very pleased to announce these additions to our Board of Directors. We believe each of these new directors bring valuable insight and experience to our board, including industry and financial expertise. We look forward to working with them as we continue to pursue our growth strategy, increase our marketing efforts, and build awareness of the advantages of our new 3DHD Vision System."
Joseph De Perio is a portfolio manager responsible for the public equity and private equity strategies for Clinton Group, Inc., a SEC Registered Investment Advisor that invests globally across multiple alternative investment strategies. In connection with Clinton Group leading a recent $3.0 million investment in Viking Systems, Mr. De Perio agreed to join Viking's Board of Directors. Prior to joining Clinton Group, he held positions with Millennium Management and Trimaran Capital Partners. He is also on the Board of Overland Storage, Inc., a provider of data management and data protection solutions. He received a BA in business economics with honors from Brown University.
Hooks Johnston is a management consultant and is on the board of Resonetics, LLC. Mr. Johnston was employed by Smith & Nephew Endoscopy Division from 1990-2004, retiring as Sr. Vice President Operations. Prior to joining Smith & Nephew, he held positions in general management, operations, and project engineering. He received a Bachelor's degree in Aeronautical Engineering from Rensselaer Polytechnic Institute and an MBA from the Harvard Business School.
Amy Paul worked for C.R. Bard, Inc., a medical device company, for 26 years, until her retirement as Group Vice President-International in 2008. Prior to that she had served in various positions at C.R. Bard, Inc. from 1982 to 2003, including President of Bard Access Systems, Inc., President of Bard Endoscopic Technologies, Vice President and Business Manager of Bard Ventures, Vice President of Marketing of Bard Cardiopulmonary Division, Marketing Manager for Davol Inc., and Senior Product Manager for Davol Inc. Ms. Paul is a director of Wright Medical Group, Inc. and Theraclion, a private company, and is a commissioner of the Northwest Commission on Colleges and Universities. She received a BA cum laude from Boston University and an MBA with honors also from Boston University.
About Viking Systems, Inc.
Viking Systems, Inc. is a leading worldwide developer, manufacturer and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery. It actively markets and sells the only stand alone, FDA cleared, cost-effective 3D system for use in minimally invasive laparoscopic surgery. Viking partners with medical device companies and healthcare facilities to provide surgeons with proprietary visualization systems enabling minimally invasive surgical procedures, which reduce patient trauma and recovery time. Viking, through its OEM products business, also designs and manufactures surgical vision systems and components for several leading medical instrument companies worldwide. For more information, please visit our website at .
This press release contains forward-looking statements. These forward-looking statements are estimates reflecting the best judgment of our management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These forward-looking statements should, therefore, be considered in light of various important factors as described in our annual report on Form 10-K under the heading "Risk Factors" as updated from time to time by our quarterly reports on Form 10-Q and our other filings with the Securities and Exchange Commission. Statements concerning forecasts, revenue growth, profitability, production and shipment of units, future financial results, and statements using words such as "estimate", "project", "plan", "intend", "expect", "anticipate", "believe" and similar expressions are intended to identify forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
CONTACT: Viking Systems, Inc. Robert Mathews, EVP & CFO 508-366-3668 Ext. 8392 Porter, LeVay & Rose, Inc. Michael Porter, President - Investor Relations 212-564-4700