SUNNYVALE, Calif., April 3, 2015 /CNW/ -- LeoNovus® Inc. ("LeoNovus") (TSXV: LTV), a leading Internet developer with its SMART Media Platform and distributed Cloud Services announced today that David Bowman, 71, a member of its Board of Directors, passed away on Feb. 15, 2015.
"Dave was tremendously successful over his long career in building revenue and execution strategies for technology companies," said Gordon Campbell, Chairman and CEO of LeoNovus. "He was a great asset on the Board and we will miss his influence. All of us are saddened by his passing."
Early in Dave's career he held senior sales positions with Signetics and Fairchild Semiconductor before moving on to lead the North American sales efforts for Apple in 1979. His sales efforts at Apple were instrumental in creating momentum for their Initial Public Offering (IPO).
Following this success, Dave moved on to the start-up company, CHIPS and Technologies (C&T) as its VP of Sales. C&T was the first fabless semiconductor company, a model developed by its founder Gordon Campbell that went on to be hugely successful. There he sold the first PC-compatible computer into the marketplace that early customers such as Hewlett-Packard and Dell now dominate. Intel acquired the company in 1997. Later Gordon Campbell convinced Dave to take on a new challenge with a technology start-up company called 3dfx Interactive. 3dfx was in the business of designing the first 3D graphics controller, moving the world from 2D to 3D. Dave is credited in building and executing a successful global sales team, driving sales from pre-revenue to tracking $450 million in four years, which resulted in a successful IPO. NVidia later acquired 3dfx.
About LeoNovus Inc. (www.LeoNovus.com)
LeoNovus® is a publically traded company on the Toronto exchange with offices in Sunnyvale, CA. and Ottawa, Ontario. The Company has launched an innovative high performance browser-based SMART MEDIA PLATFORM with a remotely managed cloud system that provides HDTVs and other connected devices with unprecedented access to features, content, and functionality over the web without the cost, overhead and support of a PC. This approach delivers an extremely flexible just-in-time service model to multiple markets including residential, hospitality and health care. In parallel, LeoNovus utilizes its proprietary processing technology with a unique ability to "light up" idle dark processors in hardware systems for purposes of building Intelligent Networks. This allows the Company to offer geo-dispersed cloud services for new revenue streams while reducing costs and increasing performance via distributed networks.
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Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with LeoNovus' growth, the state of the financial markets, regulatory risks and other factors. Forward-looking statements included or incorporated by reference in this press release include statements with respect to proposed terms of, and the intended use of proceeds of, the Offering. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, LeoNovus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undo reliance on any statements of forward-looking information that speak only as of the date of this release. More detailed information about potential factors that could affect LeoNovus' financial and business results is included in public documents LeoNovus files from time to time with Canadian securities regulatory authorities and which are available at www.sedar.com.
SOURCE LeoNovus Inc.
For further information: LeoNovus, T. (408) 541-9400, F. (408) 548-9410, Media@LeoNovus.com, Gordon Campbell, Chief Executive Officer, http://www.leonovus.com