DENVER: Intermap Technologies, a worldwide 3D digital mapping and geospatial solutions company, today announced Richard Mohr will rejoin the organization as chief financial officer and senior vice president effective January 1, 2011. Richard had previously worked for Intermap from 2003 until 2010 and served as the Company’s chief financial officer during that period.
“Richard’s return to Intermap is well timed and he has kept abreast of the Company’s operations, financial status, and restructuring efforts since his departure earlier this year,” said Todd Oseth, president & CEO for Intermap Technologies. “Most importantly, having served with the Company previously for more than 7 years, Richard is thoroughly familiar with Intermap’s financial operations, capitalization, investor base and the NEXTMap opportunity. His background and expertise, both within the industry and the Company, will be extremely valuable for us moving forward. Intermap’s board of directors feel Mr. Mohr’s previous tenure provides the experience and product familiarity necessary to ensure the successful fiscal transition from an engineering and production company to a customer- and market-driven organization. Additionally, I am personally pleased to work with Richard again as he served in the CFO capacity for several years at two previous companies that I was a part of, DataPlay, Inc. and Ramtron International Corporation.”
“I’m excited at the opportunity to rejoin the Intermap team and help move the company forward at this juncture in its history,” commented Richard Mohr, Intermap’s new chief financial officer. “I remain optimistic about the tremendous opportunities that are available to the Company and the value that can be created for our customers and investors.”
Intermap’s current interim CFO, Nigel Jackson, will resume his position as President Director, PT ExsaMap Asia.
For more information, please contact:
Intermap Technologies
Nigel Jackson, Interim Vice President & Chief Financial Officer
njackson@intermap.com
+1 (303) 708-0955
Canada – Financial
Corbet Pala, Investor Relations
E-vestor Communications Inc.
cpala@evestor.com
(416) 657-2400
United States – Financial
Budd Zuckerman, Investor Relations
Genesis Select Corporation
bzuckerman@genesisselect.com
(303) 415-0200
Intermap Reader Advisory
Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. You can find a discussion of such risks and uncertainties in our Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.