Invisa Appoints David J. Benedetti as CFO
11 January 2005 - 12:30AM
PR Newswire (US)
Invisa Appoints David J. Benedetti as CFO SARASOTA, Fla., Jan. 10
/PRNewswire-FirstCall/ -- Invisa, Inc. (OTC Bulletin Board: INSA),
an electronic life safety and security company that commercializes
patented presence-sensing technologies, announced that, effective
today, it has appointed David J. Benedetti as Chief Financial
Officer of the corporation. In a career spanning more than 20
years, Mr. Benedetti has developed a base of experience in
financial and operational areas, including strategic planning,
financial reporting, audit coordination, risk management,
implementing information systems and business administration. He
has held senior level positions at The Gallup Organization and
Johnson Level & Tool Manufacturing Company. Prior to his
private industry experience, he was an auditor in public accounting
with Ernst & Young. Most recently, Mr. Benedetti was Chief
Financial Officer of The Commercial Group Inc., which manages
companies involved in glass fabrication and manufacturing of
specialty display systems. David earned his Masters of Business
Administration, with emphasis in Taxation, at the University of
Wisconsin - Madison, where he was an instructor of undergraduate
accounting. He earned his Bachelors of Business Administration in
Accounting at the University of Wisconsin - Eau Claire. David is a
Certified Public Accountant, licensed in the state of Wisconsin.
Mr. Benedetti is a member of the Board of Directors of the Sarasota
Manatee Manufacturers Association (SAMA). On behalf of SAMA, he has
made presentations to US Congresswoman Katherine Harris and the
Florida Department of Revenue. David is an enthusiastic competitor
in triathlons. Invisa President & CEO, Herb Lustig, stated,
"David brings a breadth and depth of financial experience that will
help to bring Invisa to the next level and to increase long-term
shareholder value. I am pleased to welcome him to Invisa." Invisa
CFO, David Benedetti, said, "I love a challenge and Invisa fits the
bill, the company is at that exciting stage where we see that its
innovative, patented, motion sensing products and processes are
finding market acceptance. I am pleased to be joining Herb and the
team at Invisa." Mr. Benedetti succeeds CFO Edmund C. King, who has
been with Invisa since its inception. Mr. King will continue as a
member of Invisa's Board of Directors and will serve as Corporate
Secretary. "Mr. Benedetti should be a valuable member of Invisa
management and will help facilitate my move towards retirement,"
said Mr. King. About Invisa: Invisa's SmartGate safety systems
incorporate the InvisaShield capacitive- sensing technology to
generate an invisible protective field around the leading edge of
powered gates, garage doors, sliding doors and other powered
closures. This Press Release contains certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The company has tried, whenever possible, to
identify these forward-looking statements using words such as
"anticipates," "believes," "estimates," "expects," "plans,"
"intends," "potential" and similar expressions. These statements
reflect the company's current beliefs and are based upon currently
available information. Accordingly, such forward-looking statements
involve known and unknown risks, uncertainties and other factors
which could cause the company's actual results, performance or
achievements to differ materially from those expressed in or
implied by such statements. Factors which may cause such
differences include, but are not limited to, a continuing and
successful relationship with Zeag (UK) Ltd., the company's ability
to meet the planned delivery schedule, cancellation of orders, and
other risks disclosed in the Company's SEC filings. The company
undertakes no obligation to update or advise in the event of any
change, addition or alteration to the information covered in this
press release, including such forward-looking statements. For
information on Invisa products visit http://www.invisa.com/ or call
941.355.9361. For Investor Relations, contact Dave Gentry, Aurelius
Consulting Group, 541 S. Orlando Ave., Suite 206, Maitland, FL,
407.644.4256 or http://www.runonideas.com/. DATASOURCE: Invisa,
Inc. CONTACT: Investor Relations: Dave Gentry of Aurelius
Consulting Group, +1-407-644-4256 Web site: http://www.invisa.com/
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