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UPDATE: ISIS Lab Corporation Appoints Dmitri Dain as Chief Technology Officer(March 18, 2014)
TORONTO, ON--(Marketwired - March 18, 2014) - ISIS Lab Corporation (TSX VENTURE: LAB)(FRANKFURT: ISX)(Frankfurt WKN: A1XB97) (the "Company" or "ISIS") is pleased to announce the appointment of Mr. Dmitri Dain as Chief Technology Officer ("CTO"). The appointment is subject to the approval of the TSX Venture Exchange.
Prior to joining Isis, Mr. Dain served as the head of PYR Software, the company that powers PokerStars ("Poker Stars"), a world leader in interactive gaming serving over 40 million retail customers.During his tenure with PYR Software Mr. Dain led a team of seventy, including eight direct reporting managers. Mr. Dain's responsibilities included the development and introduction of numerous award winning products, while enhancing existing product features, the development and delivery of mobile product offerings for the Android, iPad - iPhone platforms, and the design and maintenance of multiple world class data centers located in the Americas, the UK, and Continental Europe.Mr. Dain was charged with the task of re-launching the Full Tilt Poker website returning the website to its number two global ranking.
A globally recognized technology specialist Mr. Dain has nearly two decades of experience in both the private company and public company sector.Mr. Dain has been engaged by several multi-national corporations who each generate revenues in the US$1 billion range per annum. Responsible for the annual profit and loss (the "P&L"), and managing annual project budgets ranging up to US$250 million per annum, Mr. Dain has successfully delivered globally recognized brands to the marketplace.
During his career, Mr. Dain has served as CTO of E*Trade in Israel, MIS manager of AVX Corporation, both NYSE listed corporations, and served as an IT Consultant to, The Ontario Ministry of Health, Dresdner Kleinwort (Allianz Group's Investment Bank), and Kyocera.
Mr. Dain holds a Bachelor of Science, (B.Sc.) in Computer Sciences and Mathematics from Ben Gurion University in Israel, and an MBA in Strategic Management, from Hebrew University in Israel graduating summa cum laude.
"I am pleased Dmitri has joined Isis, his background and skillset is invaluable not only to our management team, but in the delivery of our innovative product suites that we are known for, positioning Isis as an industry leader," said Daniel Kajouie, Chairman and CEO of Isis.
GRANT OF OPTIONS
Isis announces that it has granted 500,000 stock options, to various officers and consultants exercisable at $0.56 per common share. Each option is exercisable for five (5) years from date of grant. The options are being granted pursuant to the Company's incentive stock option plan and are subject to any necessary regulatory or stock exchange requirements.
The Company announces Mr. Anthony Abrahamson, Sr. V.P. Operations and Business Affairs has left the Company effective March 17
About ISIS FRIENDS
ISIS FRIENDS will be the first true social network built and regulated for the online gaming market providing the UK audience with a product differentiator both from a social interaction perspective and a substantial library of games integrated and available. ISIS Friends is on track to have the largest portfolio of games available for social online gaming. ISIS Friends cutting-edge technology is designed to be future ready, scalable, modular, with the ability to expand integrations without limit. ISIS Friends was built with the ability to support third-party game integrations, cashier support, customer support, social networking, and backend operator support.
About ISIS Lab Corporation
ISIS is the developer and provider of an award winning social gaming software platform. With experienced social gaming leadership and development teams, ISIS looks to leverage the anticipated growth in regulated, real-money, online gaming through the application of the social graph and the gamblification of social games. The ISIS platform was developed for both social gaming and monetized gaming for clients operating within regulated markets. For ISIS clients operating within fully regulated markets the company offers a turnkey solution including a full commerce application and back office suite. ISIS was the winner of The 2013 Most Innovative Startup Company of the year at the 2013 GIGSE Conference in San Francisco, California.
On Behalf of Isis Lab Corporation
Daniel Kajouie, Chairman and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute "forward looking'' statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements may use such words as "may'', "will'', "expect'', "believe'', "plan'' and other similar terminology. These statements include, but are not limited to, the expectation that ISIS Friends will be the first true social network built and regulated for the online gaming market, that ISIS Friends is on track to have the largest portfolio of games available for social online gaming, and that the regulated, real-money online gaming market is anticipated to grow. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, delays with the launch of ISIS Friends and the acceptance of the product in the target market, competition in the industry and markets in which the Company operates, the Company's stage of development, long term capital requirements and future ability to fund operations, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of ISIS operates. The foregoing list of factors is not exhaustive. Please see the Company's prospectus dated October 23, 2013 and other documents available on www.sedar.com, for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.
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