TOTAL MULTIMEDIA (TMMI) ANNOUNCES A NEW PRESIDENT AND CEO
Total Multimedia - TMM, Inc. (TMMI) has appointed Susan Bala as the new Chairman, President, and CEO. This unanimous decision by the Board aims to leverage her business experience and shareholder perspective to enhance TMMI's strategic direction in video technology. Bala expressed her commitment to creating a strong corporate foundation to explore future growth opportunities. The board transitions include the resignation of directors David Wiggins and George Kearns. TMMI continues to innovate in digital video compression and scaling technologies, positioning itself for advancements in the digital media landscape.
- Appointment of Susan Bala as Chairman, President, and CEO signals strategic leadership change.
- Bala's experience as a long-time shareholder may align company goals with investor interests.
- Commitment to enhancing TMMI's market position in digital video technologies.
- Resignation of board members may indicate internal restructuring challenges.
SURF CITY, S.C., June 30, 2022 /PRNewswire/ -- Total Multimedia - TMM, Inc. ("TMMI" or the "Company") (OTC PNK: TMMI). Web site: http://www.tmmi.us
President, Michael Kozole announces the appointment of Susan Bala to the TMMI Board of Directors. Ms. Bala will serve as the Company's new Chairman, President and Chief Executive Officer.
"The TMMI Board of Directors has unanimously voted for the appointment of Ms. Susan Bala to the Board of Directors. We have awaited this opportunity to place a seasoned businessperson at the helm of TMMI. Ms. Bala, a long-time shareholder of TMMI, possesses vision and the determination to meet challenges. Her business acumen will be fuel to move the Company forward with new strategies for its Microsoft Windows based technologies and other compatible products.
Ms. Bala is a former delegate for the United States Commerce Department and an entrepreneur who has successfully built industry and international business across multiple market sectors.
TMMI's Board of Directors, comprised of myself, David Wiggins and George Kearns, enthusiastically endorse Ms. Bala. Mr. Wiggins and Mr. Kearns have resigned their posts as Directors to make way for Ms. Bala to advance her administration."
Ms. Bala accepted the appointment making the following statement:
"I have accepted this appointment on behalf of all of the TMMI shareholders. My objective is to create a solid corporate foundation to prepare TMMI for future opportunities. The world of technology is a fast paced and changing environment in which TMMI was a leader in the arena of video technology. It is my intention to open communication and place TMMI in a strong position to establish new avenues of growth in today's markets."
TMMI TRUDEF Video Player with its patented TRUSCALE TM hardware accelerated upscaler also available as a bundled home entertainment solution in the TMMI Mini PCTM and TMMI Mini PC XTM small form factor Windows 10-64 computers.
TMMI's legacy technology: TRUDEF™ Fractal Video codec and its high efficiency
TRUDEF™ Player developed for cinema quality 4K playing directly from physical media.
TMMI patent pending suite: TRUPIX™, TRUSCALE™ and TRUZOOM™ - a patent pending, hardware accelerated, real time suite of video scaling solutions for the high-resolution market.
Garrett Brown – Cinematographer, USPTO Inventors Hall of Fame, Oscar and Emmy award winning inventor of the Steadicam™, Skycam™, Swimcam™, and Divecam™.
Mung Chiang - PHD, EE Waterman winning Professor at Princeton University. Recipient of the Simon Guggenheim Fellowship in engineering, founder of Princeton's EDGE Lab – connecting network theory with real world applications, investigating global bandwidth issues.
Hal Lipman – Emmy award winner, former executive NFL films.
Thomas Mackie - Lt. Col. USMC Reserve Pilot. Top Gun instructor. CEO of G-Force Leadership, market expert in digital cinema, cameras, sports and defense.
Ted Schilowitz – Co-founder of RED Digital Cinema, "cinemavangelist" to major Hollywood studio and cinema Technology Company.
Louis Siracusano – President Video Bank. A leading digital asset management firm serving defense, pro sports, education, and science.
Charles Wright – Founder and President of Fall River Investments, author and investment advisor.
Inquiries should be directed to info@tmmi.us or call toll free: 800-806-2148.
TMM, Inc. (OTC PNK: TMMI) is a high-quality video technology company specializing in digital video compression, video scaling and high-quality image management. Founded in 1990, the company was the pioneer in fractal video. TMMI develops digital video compression and scaling technologies that are targeted to global consumer electronics and provides solutions to systems and products with high quality video requirements.
The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Exchange Act of 1934. Such forward-looking statements include, in particular, statements about our plans, strategies, business prospects, and the ongoing and future development of our technologies. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected, including without limitation, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions and development of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. Neither management nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. All forward-looking statements in this press release are made as of the date hereof, based on information available to us as of the date hereof, and subsequent facts or circumstances may contradict, obviate, undermine, or otherwise fail to support or substantiate such statements.
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SOURCE TMM, Inc.
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