 |
FOR
IMMEDIATE RELEASE
Media
Contact:
Rob
Goldstone/David Wilson
Oui 2 Public Relations 212
541 5698 |
Investor Relations Contact:
650 941 0742 |
ROY
M. AVONDET JOINS FREEHAND SYSTEMS AS CHIEF FINANCIAL OFFICER.
NEW
YORK, NY / LOS ALTOS, CA, April 4, 2007 – FreeHand Systems, International
Inc. (OTC:FSYI), announced today that Roy M. Avondet, who has
been working with the company to complete the 2005 and 2006 audited
financials, has been designated by the company as Chief Financial
Officer. He will continue working to complete the financials
for the 2007 fiscal year which ends March 31, 2007.
Mr. Avondet
is a retired partner (33 years) with Deloitte & Touche
LLP, where he specialized in accounting and auditing for early
stage venture capital and public companies. While at Deloitte,
Mr. Avondet was Region 10 Managing Partner Assurance and Accounting;
Northern Pacific Region Technology Media and Telecommunications
Industry Managing Partner, San Jose Office Managing Partner and Audit
Partner. Recently he was
founder and manager of Lami Park LLC, a strategic consulting and
investment firm. Mr. Avondet is a CPA licensed in California and
Utah.
In his regional
positions with Deloitte, Roy demonstrated success in building
new business and service lines. As an audit partner,
Roy directed and reviewed Deloitte’s services in numerous
annual audits, initial public offerings and registration statements,
SEC filings, and business combinations.
FreeHand CEO,
Kim Lorz, said “We are excited to have someone of Roy’s
talent and background leading our financial team. In his initial
assignment, he was a major help in completing our fiscal 2006
financial statements audit. He will surely be an asset to our
growing company as we build the resources required to drive our
success.
FreeHand Systems,
Inc. (www.freehandsystems.com)
a subsidiary of FreeHand Systems International, Inc. (OTCO_FSYI)
is the global leader in digital sheet music publishing. As
the manufacturer of the first digital music performance and education
tablet, the MusicPad Pro® Plus, FreeHand provides the most
innovative technology available to the music industry for displaying
and publishing digitally delivered sheet music. Additionally,
the company’s accompanying digital sheet music website, www.freehandmusic.com,
offers over 90,000 titles for digital download to print or transfer
to the MusicPad Pro.
FreeHand’s
stock trades on the pink sheets and there is a limited market
for their shares and substantial risks. This press release contains
forward-looking information within the meaning of Section 21E
of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), including statements regarding potential sales, the
success of the company's business, as well as statements that
include the word "believe" or similar expressions.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of FreeHand Systems International,
Inc. to differ materially from those implied or expressed by
such forward-looking statements.. This press release speaks as
of the date first set forth above and FreeHand Systems International,
Inc. assumes no responsibility to update the information included
herein for events occurring after the date hereof. Actual results
could differ materially from those anticipated due to factors
such as the lack of capital, timely development of products,
inability to deliver products when ordered, inability of potential
customers to pay for ordered products, and political and economic
risks inherent in international trade.
Nothing herein
shall constitute an offer to sell or the solicitation of any
offers to purchase any of the Company’s securities. Any
such sale must be made pursuant to an effective registration
statement or an exemption from registration under the Securities
Act of 1933, as amended. |