Light Management Group Names CEO

Announces the appointment of Dr. Donald J. Iwacha, its current president, as its new Chief Executive Officer

July 27, 2001

1 Min Read

BURLINGTON, Ontario -- Light Management Group Inc. (NASD-OTC/BB: LMGR), developer of new applications in optical and light technologies employing sound waves, together with its Board of Directors, today announced the appointment of Dr. Donald J. Iwacha as the new Chief Executive Officer of the corporation. In addition to his current position as President of LMG, Dr. Iwacha will play an increasingly strategic role in guiding the business fortunes of the company.Dr. Iwacha’s new appointment as CEO will be effective August 1, 2001."Don has played a key role over the last two years in bringing about a significant number of successes for Light Management Group," said Barrington L. Simon, Chairman of the Board and outgoing CEO. "Under the direction of Don as President and Dr. Arkadi Rozenchtein as Director of Science, LMG introduced its core products: the Acousto-Optic Switch and the Ultraviolet Scanner. During fiscal 2000, Dr. Iwacha played a vital role in finalizing the company’s targeted acquisitions, bringing Exclusive Advertising Inc. and Laser Show Systems Investments Ltd. (UK) to the company’s portfolio; most recently, in the acquisition of Equitech Int’l Corporation by Light Management Group. Equitech’s product line enriches and deepens LMG’s growing offering."As a result of this new appointment, Barrington L. Simon will relinquish his role as CEO while retaining his position as Chairman of the Board. Light Management Group Inc.

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