|By Marketwired .||
|December 31, 2013 12:29 PM EST||
MAHWAH, NJ -- (Marketwired) -- 12/31/13 -- InterCore, Inc. (OTCQB: ICORD) announced that it has realigned management positions to better reflect the needs of the business as it moves forward.
James F. Groelinger, the company's President and Chief Executive Officer prior to the acquisition of SRG, Inc. in January 2013, has been reappointed to those positions effective January 1, 2014. Simultaneously, Claude Brun has resigned those positions to become President and Chief Executive Officer of SRG, Inc., InterCore's wholly-owned subsidiary that is advancing the commercialization of the ADS System.
"I'm pleased to return to the helm of InterCore at this time," said Mr. Groelinger. "With the rapid progress being made on the ADS System and related commercialization activities, it is appropriate to enable Claude to focus his full attention on those matters. I look forward to leading the company as we capitalize upon the unmatched strengths of the ADS System and take advantage of numerous commercial opportunities."
The ADS (Alertness Detection Software) System, designed around proprietary alertness detection technologies, alerts operators to their work activity capability based on real time monitoring of their state of alertness. The ADS System methodology employs a unique approach for assessing sleepiness and low alertness levels via the observed behavior of operators in real work conditions. Currently, the ADS System is being deployed in the commercial trucking industry in Canada, where more than 1,500 drivers are involved in an initial real-life demonstration program. This is expected to expand rapidly during the first quarter of 2014.
Messrs. Groelinger and Brun will maintain their current positions as directors of ICOR. Other members of the five-member board continue to be Messrs. Harry Pond and Frederick Voight, along with Ms. Danielle Beauchamp. Mr. Frederick Larcombe will continue in his position as ICOR's Chief Financial Officer and assume the additional role of corporate Secretary.
About InterCore, Inc.
InterCore, Inc. (OTCQB: ICORD), is a public company that is focused on development and marketing of the ADS Software and related products. See srgint.com; InterCore's website will be available shortly.
This news release contains certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. The forward-looking statements are also identified through the use of words "believe," "enable," "may," "will," "could," "intends," "estimates," "anticipates," "plans," "predicts," "probable," "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from these forward-looking statements as a result of a number of risk factors detailed in the Company's periodic reports filed with the U.S. Securities and Exchange Commission via the Edgar system. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved.