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ImaSight Announces Moves to Conserve Capital; Temporarily Shuts Down its Liponex Division, CFO Leaves



11/11/2008 3:39:30 PM

GATINEAU, QC, Nov. 11 /CNW Telbec/ - ImaSight Corp. announced today that it is temporarily shutting down its Liponex division to conserve capital in the current economic turmoil. Previously announced efforts to license the technology are continuing. In another cost cutting move, Brian Radburn will be leaving as CFO. John Brooks, CEO, will assume the interim CFO duties and Jean Caseault, President, will be promoted to President and co-CEO.

Read at Canada NewsWire


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