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CruiseCam has obtained a commitment to replace the defaulted funding announced in October. CCMC has a commitment(s) in excess of seven figures and will announce details in the near future. The proceeds of the funding will be used to purchase inventories to fill the backlog of orders currently on hand.
The Company is pleased to announce the following appointments:
Elan Yaish as Chief Financial Officer and Director. A multi-faceted executive, Mr. Yaish blends business know-how and financial expertise with sound accounting practices honed at Deloitte & Touche. He has a record of dramatically improving profits for companies in diverse industries including the computer, software, telecommunications, manufacturing and chemical industries. The Yeshiva University, Sy Syms School of Business, awarded Mr. Yaish a BS in Accounting in 1992. He continued his studies abroad at Yeshivat Sha'alvim, Israel. Mr. Yaish is a licensed CPA in New York and a member of the AICPA and NYSSCPA.
Kevin Lee Blain as Secretary/Treasurer. Mr. Blain is the founder, principal and chairman of Malibu Investment, Inc. He has a Masters of Business Administration from George Washington University and a Juris Doctor from the David Clark School of Law.
CruiseCam International, Inc. also announces that it plans to relocate its corporate office to South Florida in order to accommodate its largest customer, and has upgraded its web site at cruisecam.com, in an effort to enhance the corporation's identity and to provide transparency and full disclosure to its public shareholders.
About CruiseCam International, Inc. CCMC develops automobile, truck and military camera products. CruiseCam is the only Original Equipment Manufacturer video recording product in the market today and the only interior camera that is designed to meet the Federal Motor Vehicle Safety Standards for avoiding occupant injury through crash testing.
Included in this release are "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. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
SOURCE CruiseCam International, Inc.
http://www.cruisecam.com
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