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CYBRA Corporation Hires Michael J. Shabet, a Former Avery Dennison Global Sales Manager, as Vice President, Sales and Marketing
(Market Wire Via Acquire Media NewsEdge) ORLANDO, FL -- (MARKET WIRE) -- 06/01/11 --
CYBRA Corporation (OTCBB: CYRP), the developer of EdgeMagic® RFID Control Software and award-winning MarkMagic™ Bar Code Labels, RFID Tags, and Electronic Forms Software, announced today that RFID industry veteran Michael J. Shabet has joined the software developer as Vice President, Sales and Marketing. The hiring was announced at the GS1 U Connect 2011 Conference and Exhibition here at the Orlando World Center Marriott.
In more than 20 years at Avery Dennison, the $7 billion dollar worldwide labels market share leader, Mr. Shabet achieved a company record of 15 Winner Circles Awards. Over the course of his career at Avery, he was an industry innovator in Six Sigma/Lean Manufacturing driven solutions for RFID; inventory; track and trace; pick, pack and ship; in-plant printing; and print and apply automation. During the last three years as a Global Sales Manager, Mr. Shabet drove Avery Dennison's RFID item level apparel sales group, delivering ground-breaking advances to the RFID apparel marketplace and consistently exceeding quota objectives. In his new role, Mr. Shabet will oversee global sales and marketing activities for CYBRA's RFID solutions team.
"Michael Shabet's joining CYBRA as Vice President, Sales and Marketing is a significant milestone for our rapidly growing company," said CYBRA founder and CEO Harold Brand. "It's as if Michael was custom made for CYBRA. He brings with him extensive sales experience, customer focus and mastery of sales development and empowerment of a high-performance sales organization. This, combined with his expertise in RFID technology, makes him an ideal fit for CYBRA at this stage in our growth, when we are shifting into high gear and introducing innovative RFID solutions for item level tagging to fully serve the demands of our customers."
"I am delighted and honored to join CYBRA," said Mr. Shabet. "I am extremely impressed with the breakthrough capabilities of CYBRA's software and the early leadership position of the company in the exploding market for RFID and advanced Bar Code solutions. Demand for these products and services is accelerating dramatically, not only in the US, but throughout the world, and I eagerly look forward to this challenging opportunity to help take the company to the next level."
About CYBRA Corporation
CYBRA Corporation is a leader in bar code and RFID technology for IBM Power Systems and other major computing platforms. An IBM Business Partner and Motorola/Symbol Partner, CYBRA is represented by a network of value added resellers and system integrators throughout the United States and is represented internationally by sales and support offices.
MarkMagic™ Bar Code Labels, RFID Tags and Forms Software is used by thousands of customers worldwide, and has been selected as the bar code print engine of such leading software developers as Manhattan Associates™, Infor™ and VAI™. MarkMagic helps customers easily integrate barcode, RFID technology and electronic forms into their business systems.
CYBRA's latest product, EdgeMagic®, is an integrated RFID application platform. EdgeMagic helps customers build any type of RFID system, from complying with the full range of RFID mandates to closed loop asset management RFID applications.
CYBRA software solutions run on all major computing platforms including IBM Power Systems (System i, iSeries, AS/400, AIX) as well as Linux, Unix, and Microsoft Windows.
CYBRA Corporation is located at One Executive Boulevard, Yonkers, NY 10701. Product information is available toll free at 1-800-CYBRA-88. CYBRA's web site is located at http://www.cybra.com. To request information via e-mail, write to: info@cybra.com.
Forward-Looking StatementsThis release and other statements issued or made from time to time by the Company or its representatives contain forward-looking statements within the meaning of Rule 175 of the Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs and our assumptions. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks" and "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.
These forward-looking statements include statements regarding projected revenue and income in future quarters and our beliefs with respect to the growth in the demand for our products. Other risks and uncertainties that may affect our business include our ability to expand beyond the IBM System i market for MarkMagic and expand into the radio frequency identification ("RFID") market with EdgeMagic; our ability to penetrate the emerging and competitive market for bar code and RFID encoding software; our ability to introduce, produce, improve and market new and existing products, such as MarkMagic and EdgeMagic, and the market acceptance of these and other products; the impact of competitive products and pricing; and our timely development of new products and market acceptance of those products. Actual results may differ from those expressed or implied in our forward-looking statements. These statements represent beliefs and expectations only as of the date they were made. We may elect to update forward-looking statements, but we expressly disclaim any obligation to do so, even if our beliefs and expectations change. In addition to the statements described above, such forward-looking statements include the risks and uncertainties described more fully in our reports filed or to be filed with the Securities and Exchange Commission, including our annual reports on Form 10-K and quarterly reports on Form 10-Q.
Media Contact:
Sheldon R. Reich
V.P., Solutions
CYBRA Corporation
Tel 914-963-6600 x 209
sreich@cybra.com
Investor Relations:
Yael Brand
Marketing & Investor Relations
CYBRA Corporation
(914) 963-6600
investors@cybra.com
Source: CYBRA Corporation
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