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Rick Goerner has been relieved from his position as CEO and president of PTSC by the board of directors. He has also resigned all positions with Patriot Data Solutions Group Inc (PDSG), a wholly owned subsidiary of PTSC, and Avot Media, Talis Data Systems and Holocom Inc, three companies in which PTSC is invested.
In addition, the company's board has removed Paul Bibeau as vice president, Business Development of PTSC and Renney Senn, a senior executive at PDSG.
Cliff Flowers, who has served as CFO of PTSC since 2007, has been appointed as interim CEO of PTSC and will have direct responsibility for all PDSG operations as well.
These changes are reportedly being made to accelerate the transformation of the PDSG acquisition and enable a faster implementation of its strategic direction.
The company has retained Eclat Consulting LLC to assist it in its search for a CEO and to assist PDSG with the completion of its business plan and the acceleration of its revenue stream.
In addition PTSC said that the board expects to receive a favourable independent technical assessment of PDSG's flagship Crossflo DataExchange product (CDX) within the next two weeks.
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