Itonis, Inc. Announces New Direction and New Executive Team

Posted 12:01:00 05/23/2011 by Admin


IRVINE, CA (Marketwire May 23, 2011) - Itonis, Inc. (PINKSHEETS: ITNS) (the Company) is announcing today changes in its direction, along with the formation of a newly appointed executive management team. The Company has been relocated to Orange County, California and future growth plans call for the Company to deliver shareholder value by acquiring small growth entrepreneurial companies that have established strong profit potential in various market niches.

The newly formed executive team consists of Mark Cheung (CEO/President), Stephen R. Pidliskey Jr. (Vice President/Secretary), and Donald L. Jolly, Ph.D. (CFO/Treasurer).

Mr. Cheung comes to the Company with more than 20 years of business law and entrepreneurial experience, and has served on the board of directors of several not-for-profit organizations by which he had oversight of operation and budgetary matters. He is also an adjunct professor at the Chapman University School of Law, and he has published scholarly articles in the law.

Mr. Pidliskey comes to the Company with over 32 years of general business and management experience, working for a Fortune 100 company in the Information Technology Industry. He has held numerous leadership positions within the industry for over 25 years and has extensive knowledge of business re-engineering and organization consolidation practices.

Dr. Donald L. Jolly, Ph.D. comes to the Company with more than 20 years experience in the Finance Industry. He has held numerous executive positions within the banking community ranging from the Vice President of Marketing to the President/CEO of several California banks.

Complete bios on the new officers can be found on the Company's website: www.itonisholdings.com.

After today's announcement, CEO/President Mark Cheung, commented, "Together, our team brings over 70+ years of industry experience within the business, banking and legal professions. We are well positioned to bring the Company to new heights of accomplishments, and today's announcements mark the start of a new beginning for Itonis. I'm excited to be here and I look forward to delivering Company growth and value to our shareholders. Stay tuned for future developments."

Questions about today's announcements can be directed by email: office@itonisholdings.com.

About Itonis, Inc.
The Company was incorporated in the state of Nevada on July 5, 2005 under the name of Kenshou, Inc. Subsequently, its name was changed to its present name, Itonis, Inc., on December 2, 2005.

The Company operates as a holding company and is undergoing a transformation in 2011 to embark upon an aggressive plan to acquire high growth entrepreneurial companies that have established or are expected to establish themselves as leaders and/or successful enterprises in various market niches.

Forward-Looking Statements:
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.



 

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Itonis Holdings Company is a trade name of Itonis Inc. (OTC:ITNS), a publicly traded company.



Contact our office at (949) 200-8887 or email us at office@itonisholdings.com for more information.