Evolucia Announces Upcoming Departure of Chief Financial Officer; External Search Underway with Transition Period Planned
SARASOTA, Fla., Oct. 30, 2013 /PRNewswire/ -- Evolucia Inc. (OTCBB & OTCQB: ILED), an innovative global LED lighting solutions company, today announced that its Chief Financial Officer and Executive Vice President, Charles B. Rockwood, has resigned from the Company for personal reasons.
Rockwood will continue to support Evolucia in an advisory role following his resignation to ensure a smooth transition until a new CFO is appointed.
The Company is actively engaged in an external search for a new chief financial officer. In the interim, Mel Interiano, Chairman and Chief Executive Officer of Evolucia, will serve as the principal financial officer until a replacement is named.
"We thank Charles for his contribution and wish him the very best," said Interiano. "We look forward to a smooth transition as we continue to build a world-class team and accelerate growth for sustained success."
Some of the statements made by Evolucia in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Evolucia believes that its primary risk factors include, but are not limited to: development and maintenance of strategic acquisitions; domestic and international acceptance of our product lines; defending our intellectual property and proprietary rights; development of new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technologies and systems to support new products and services; and attracting and retaining qualified management and other personnel. Additional information concerning these and other important factors can be found within Evolucia's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.
About Evolucia Inc.
Evolucia Inc. is an industry pioneer in the design, engineering, manufacturing and marketing of high performance LED (light emitting diode) lighting solutions to global markets. Evolucia received the United States Department of Energy's highest award for lighting within the LED category, and has installed thousands of its fixtures at military bases, universities, municipalities, and large commercial entities. Evolucia's LED lighting products are sold under the brand, Evolucia (www.evolucia.com).
All Evolucia products offer highly energy efficient, durable, commercial-grade LED lighting for both indoor and outdoor applications. The company's award winning cobra head and shoe box fixtures employ Evolucia's proprietary Aimed Optics™ technology, which increases light levels and visibility by strategically directing light to the target area. Evolucia fixtures require 50% to 80% less energy than traditional lighting and last for approximately 12 years without maintenance.
SOURCE Evolucia Inc.