GARDNER, Mass., June 15, 2016 (GLOBE NEWSWIRE) — Precision Eyes Corporation, Inc. (OTCQB:PEYE) (the “Company”) appear today that Jack P. Dreimiller, the Company’s Chief Banking Officer back 2008 and from 1992 to 2005, has absitively to retire from the Company. The Aggregation additionally appear that able anon Donald A. Major has accommodated from the Board of Directors and has been appointed the new Chief Banking Officer. Mr. Dreimiller has agreed to abetment with the transition.
Mr. Major has abounding years’ acquaintance in abundant companies, including assorted chief controlling positions as Chief Banking Officer and Chief Operating Officer. Mr. Major has performed consulting casework in a array of situations back October 2007, including acting management, turnaround, restructuring and about-face services, sourcing for a clandestine disinterestedness firm, and co-founding a start-up Ecommerce bartering company. Previously, Mr. Major was CFO of assorted about captivated and start-up medical accessory companies, including BioPlasty, Inc., Uroplasty, Inc., and Avant-garde Bio-Surfaces, as able-bodied as non-medical companies including Digital Excellence, Inc. and Avant-garde Duplication Services, Inc. From 1983 to 1991 Mr. Major performed able analysis and tax casework with Grant Thornton’s Muskegon, Michigan and Minneapolis, Minnesota offices. Mr. Major holds a B.A. in Accounting from Michigan Accompaniment University and is a Certified Public Accountant (inactive).
Commenting on the arrangement Joseph Forkey, Aggregation CEO, said, “I am admiring that Don has agreed to booty on this role at Precision Optics. He has been a amazing asset to the Board of Directors for abounding years and, in that capacity, has been heavily complex in cardinal planning and blank of all banking aspects of the Company. I apprehend a quick and bland alteration and attending avant-garde to alive added carefully with Don on a circadian basis. His antecedent acquaintance in CFO and COO positions is alluringly ill-fitted to our Company’s accepted needs as we accompany the a appellation opportunities for added revenue, apprenticed by the growing bazaar for absolute small, aerial affection re-usable and single-use medical imaging systems.”
Mr. Major commented, “I attending avant-garde to aing the chief administration aggregation of Precision Eyes at this analytical time in the Company’s history. I am afraid to body on Jack’s abounding years of assignment with the accounts administration and to accord to the acknowledged beheading of the company’s advance action based on the cogent opportunities in medical accessory applications of its microprecision™ eyes technology.”
Dr. Forkey added, “I appetite to booty this befalling to admit Jack’s abounding contributions to Precision Eyes Corporation over added than two decades. I am beholden that he has agreed to advice with the alteration of this analytical role. I appetite to accurate on account of anybody at Precision Optics, our acknowledgment for his abounding years of account to the Company. We ambition him able-bodied in his approaching endeavors.”
About Precision Eyes Corporation Back 1982 Precision Eyes Corporation has been a arch developer and architect of avant-garde optical instruments. The Aggregation has developed accompaniment of the art decision and beam technologies for high-quality camera systems accumulation cilia optics, CMOS sensors, and the Company’s Microprecision™ micro-optics advised accurately by the Aggregation for medical accessory endoscope applications and aegis and automated products. With ambit of 1 mm and smaller, these low amount decision systems accept above angel affection and are able-bodied ill-fitted for re-usable and distinct use medical accessory instruments acclimated in minimally invasive medical procedures currently actuality performed or which are enabled by these different characteristics. The Aggregation designs and articles micro optic lenses and prisms, apparatus and complete accessories for its customers, and offers a proprietary and avant-garde medical chart band including Lenslock™ laparoscopes, arthroscopes, and sinuscopes, as able-bodied as endocouplers and a world-class artefact band of 3D endoscopes. The Company’s website is www.poci.com. Investors can acquisition Real-Time quotes and bazaar advice for the Aggregation on www.otcmarkets.com/stock/PEYE/quote.
About Forward-Looking Statements This columnist absolution contains advanced statements. Advanced statements include, but are not bound to, statements that accurate the Company’s intentions, beliefs, expectations, strategies, predictions or any added statements accompanying to the Company’s approaching activities or approaching contest or conditions. These statements are based on accepted expectations, estimates and projections about the Company’s business based, in part, on assumptions fabricated by the Company’s management. These statements are not guarantees of approaching performances and absorb risks, uncertainties and assumptions that are difficult to predict. Therefore, absolute outcomes and after-effects may alter materially from what is bidding or forecasted in the advanced statements due to abundant factors, including those risks discussed in the Company’s anniversary address on Form 10-K and in added abstracts that we book from time to time with the SEC. Any advanced statements allege alone as of the date on which they are made, and the Aggregation does not undertake any obligation to amend any advanced account to reflect contest or affairs afterwards the date of this report, except as appropriate by law.
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