Newport Digital Technologies, Inc., Announces Appointment of Donald Danks as Chief Executive Officer

NEWPORT BEACH, Calif., July 8 /PRNewswire-FirstCall/ -- Newport Digital Technologies, Inc. (OTC Bulletin Board: NPDT) (NPDT) announced today that it has appointed Don Danks as its Chief Executive Officer (CEO).  Mr. Danks brings to NPDT more than 25 years of public company senior management experience and has specific expertise in financing and developing the business model for early stage public companies.

Previously, from January 2001 to November 2008, Mr. Danks was the CEO for iMergent, Inc., an ecommerce software and services company listed on the American Stock Exchange.  During his tenure at iMergent, he oversaw annual revenue growth from $12 million to more that $150 million, improving the company's market capitalization from under $3 million to a high of approximately $400 million.  

Since 1985, Mr. Danks has been involved in the creation, funding and development of several early-stage companies.  His efforts have included raising more than $100 million in early stage capital, assisting in the development of business plans, recruiting of senior management, building institutional ownership and overseeing ongoing corporate finance needs.

"We are very excited to have Mr. Danks joining NPDT as our CEO," said NPDT Chairman Richard Damion.  "We already have a stellar management team, and it will be strengthened by Mr. Danks' prior experience in guiding companies from emerging revenue stages into aggressive revenue growth stages.  Mr. Danks has the ability to clearly set the strategic vision for our company, our clients and our shareholders.  He has strong ties to institutional investors and the capital markets in general, which will provide the resources to grow the company, allowing our management team to execute its business strategy."

"My focus will be to support a very talented group led by our President, Weiling Tsao," said Mr. Danks.  "Weiling was instrumental in building graphic chip leader ATI into a world class organization that was ultimately acquired by AMD.  My role here at NPDT will be to make sure he is focused on bringing NPDT's RFID and Digital Signage product solutions to market, maximizing the revenue and earnings potential of this very unique company.

"In addition, my goal is to educate the investment community on NPDT's unique, risk-managed and highly leveragable business model," Danks continued.  "While NPDT is early stage, it has sophisticated and fully developed RFID and wireless digital signage products and solutions that are currently being introduced and channeled through Ingram Micro, with the potential to bring substantial and profitable revenue growth in the near term.  Because of our relationship with Taiwan's leading R&D institutes, III and ITRI, as well as our relationship with key engineering and manufacturing partners in Taiwan, NPDT has the potential to scale revenues quickly."  

The current NPDT CEO, Michael Lutton, will move up to the Vice Chairman position on the NPDT Board of Directors and will work closely with Mr. Danks.  

Said Mr. Lutton, "I have known Don for more than 20 years and recruited him to come into NPDT as an advisor over a year and half ago.  With his knowledge and understanding of NPDT's business model, his skill set perfectly matches the needs and opportunities of the company. I look forward to working with him as a board member to maximize the potential of this business and am thrilled to have Don joining our team."

Finally, NPDT President and COO, Weiling Tsao added, "Mr. Danks' addition to the team will be very valuable to our execution going forward.  His expertise in the public markets will allow me to do what I do best in building and scaling revenues of our current and future products.  The shareholders will benefit from Mr. Danks' involvement. I am very happy he is joining the NPDT family."

Newport Digital Technologies, Inc.

Newport Digital Technologies, Inc. (NPDT) is a technology solutions driven company organized to focus on serving four of the fastest-emerging businesses in the technology space - RFID (Radio-Frequency Identification), WiMax, eLearning, and Digital Signage.  NPDT develops and delivers leading-edge technology solutions such as the N37B through its strategic collaborations with global partners, including Taiwan industry and Taiwan's premier technology R&D incubators - the Industrial Technology Research Institute (ITRI).  NPDT will customize leading-edge technology solutions and market them through Fortune 1000 channel partners and systems integrators on a worldwide basis.

Safe Harbor: This press release contains certain forward-looking statements with respect to NPDT and its business.  Statements that are not historical facts are identified as "forward-looking statements".  The words "estimate", "project", "intend", "expect", "believe", "plan", and similar expressions, particularly when used in the "future tense", are intended to identify forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.  Information on potential risk factors that could affect the NPDT's business plans and financial results can be found in NPDT's reports filed with the Securities and Exchange Commission.  NPDT assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Newport Digital Technologies, Inc. has its headquarters located in Newport Beach, California, and branch offices in Taiwan, Australia and Japan. If you would like more information about this press release, please contact Donald Danks at +1.949.230.8323 or email at [email protected]

SOURCE Newport Digital Technologies, Inc.