Corporate - Media & Press
Dr. Mark Schena Announced President of Arrayit, Now a Wholly Owned Subsidiary of Integrated Media Holdings
FOR IMMEDIATE RELEASE: FEBRUARY 25, 2008
Sunnyvale, CA, February 25, 2008 – On February 25th, Integrated Media Holdings, Inc. (OTCBB: IMHI) announced today that Arrayit Corporation is now a wholly owned subsidiary of IMHI, and has named Dr. Mark Schena as President of the Company. The former shareholders of TeleChem are now approximately 73.5% owners of the outstanding equity interest and voting rights of IMHI. The home office of the public company is now in Sunnyvale, California, and the management of TeleChem International is the new management of IMHI. Rene Schena is the Chief Executive Officer and Chairperson of the Board of Directors, Dr. Mark Schena is the Chief Technology Officer/President as well as a director, while Todd Martinsky is the Chief Operating Officer and Secretary/Treasurer.
IMHI also announced that it will commence to do business as Arrayit Company.
Rene Schena, Chief Executive Officer of Arrayit Corporation, stated, "This step in the public process is very exciting and we look forward to the development and announcement of future business strategies, utilizing the public market to assist with our expansion and service to the industry. Changing the name to Arrayit, we believe, will help to create a brand that is increasingly well known in our sector."
Integrated Media Holdings, Inc. owns, as a wholly owned subsidiary, TeleChem International, Inc., which is doing business as Arrayit Company, and is headquartered in Sunnyvale, California. Arrayit leads and empowers the genetic, research, pharmaceutical, and diagnostic communities through the discovery, development and manufacture of proprietary life science technologies and consumables for disease prevention, treatment and cure. Please visit www.arrayit.com for more information.
This news release contains forward-looking statements. These statements describe management's beliefs and expectations about the future. We have identified forward-looking statements by using words such as "expect," "believe," and "should." Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties, and these statements may turn out not to be true. More detailed information about Integrated Media Holdings, Inc. is available in the Company's public filings with the Securities and Exchange Commission.
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