Proven Executive to Oversee TransAct's Sales and Marketing Efforts
Across all Products and Industries
HAMDEN, Conn.--(BUSINESS WIRE)--
TransAct Technologies Incorporated (Nasdaq:TACT) ("TransAct" or "the
Company"), a global leader in market-specific solutions, including
printers, terminals, software and other products for transaction-based
and other industries, announced today the appointment of Andrew Newmark
to the newly created position of Executive Vice President of Global
Sales & Marketing. Mr. Newmark brings to TransAct over 30 years of
sales, marketing, managerial and entrepreneurial experience and will
have direct oversight of the Company's sales and marketing efforts
across the Epic, Epicentral, Ithaca, Printrex and Responder brands which
serve the casino and gaming, lottery, food safety, oil and gas
exploration, and mobile machine-to-machine industries. He will report
directly to the Company's Chairman and Chief Executive Officer, Bart C.
Shuldman.
Prior to joining TransAct, Mr. Newmark served in a number of sales,
marketing and development roles, including at companies he co-founded.
Most recently, he was active as an investor and entrepreneur, supporting
a number of venture capital and private equity-backed businesses. From
November 2005 to March 2009, he served as Vice President of Business
Development for Newell Rubbermaid's Technology division. From June 1998
to November 2005, he served as Senior Vice President of Marketing and
Business Development at DYMO, a division of Esselte Corporation, where
he directed marketing and new product initiatives and launched an
international labeling business under the RHINO brand. From January 1990
to June 1998, he co-founded and served as Senior Vice President of
CoStar Corporation, which developed the LabelWriter personal label
printer which was eventually acquired by Esselte in 1998. Mr. Newmark
also co-founded and served as Chairman of Kensington, a leading maker of
computer accessories, from January 1982 to June 1988, a period which
included the 1986 sale of Kensington to ACCO Office Products. He holds a
BA in Economics from Stanford University.
"We are delighted to welcome Andrew to the TransAct team as we further
strengthen our global sales and marketing capabilities," said Mr.
Shuldman. "Given Andrew's many years of success, and in particular with
companies that are similarly focused on printing and software solutions,
his decision to join the Company in this new role is an endorsement of
our powerful brand and product lineup and should serve to accelerate our
evolution into a leading provider of high-quality, high-reliability
printing solutions for customers across multiple industries worldwide.
Andrew brings to our organization a wealth of experience in building
teams that have taken products and services to new heights. I look
forward to working alongside Andrew to enhance our sales and marketing
efforts and create a world-class team that serves as a strong advocate
for our innovative products and I am confident that he will drive
success across our business in the coming years."
Mr. Newmark added, "I am excited to get to work with the talented team
at TransAct as we seek to expand the worldwide awareness and market
acceptance of our diverse array of products and enterprise solutions.
Over the course of my career, I have worked with companies large and
small and built sustainable sales momentum for a wide range of products,
including a number of printer-based innovations. As a team, we are
confident that we can build on TransAct's strong position in the casino
and gaming space for both the Company's industry-leading Epic printers
and unique Epicentral bonusing and software solution, continue to expand
the customer base for our innovative Ithaca food safety terminals. I
also look forward to furthering the Company's momentum with Printrex as
the top provider of color printers for the oil and gas exploration
industry and further expand our consumables business across the product
lines. And finally, I am truly excited about the market potential of
TransAct's newest brand, Responder, for the fast growing mobile printer
market"
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a leader in developing and
manufacturing market-specific solutions, including printers, terminals,
software and other products for transaction-based and other industries.
These industries include casino and gaming, lottery, food safety,
banking, point-of-sale, hospitality, oil and gas, and medical and
mobile. Each individual market has distinct, critical requirements for
printing and the transaction is not complete until the receipt and/or
ticket is produced. TransAct printers and products are designed from the
ground up based on market-specific requirements and are sold under the
Ithaca®, RESPONDER, Epic, EPICENTRAL® and Printrex® product brands.
TransAct distributes its printers and terminals through OEMs,
value-added resellers, selected distributors, and direct to end-users.
TransAct has over 2.5 million printers and terminals installed around
the world. TransAct is also committed to providing world-class printer
service, spare parts, accessories and printing supplies to its growing
worldwide installed base of products. Through its TransAct Services
Group, TransAct provides a complete range of supplies and consumable
items used in the printing and scanning activities of customers in the
hospitality, banking, retail, gaming, government and oil and gas
exploration markets. Through its webstore, http://www.transactsupplies.com,
and a direct selling team, TransAct addresses the on-line demand for
these products. TransAct is headquartered in Hamden, CT. For more
information, please visit http://www.transact-tech.com
or call 203.859.6800.
Epicentral, Epic, Ithaca and Printrex are registered trademarks of
TRANSACT Technologies Incorporated. ©2015 TRANSACT Technologies
Incorporated. All rights reserved.
Investors:
TransAct Technologies Incorporated
Steve
DeMartino, 203-859-6810
President and Chief Financial Officer
or
JCIR
Richard
Land, Joseph Jaffoni, Jim Leahy
212-835-8500
tact@jcir.com
Source: TransAct Technologies Incorporated
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