Artificial Life CEO Resumes CFO Position
"I am satisfied with our restructuring efforts over the past few months and the achieved fixed cost reductions. We will cut down costs even more by closing our Berlin office by end of this year. My plan and goal is to make 2012 a strong and successful come-back year for the Company with its new investment business model. This also means and requires a more efficient and leaner management structure. That's why I am willing and determined to take on and resume additional responsibilities to make things work faster. We have to switch from cost cutting and downsizing back to doing new business. Deals like we just signed with top toy maker WowWee are the way to go forward for us and our Alife Studios. Good leading edge investments and monetizing on our valuable assets have to follow for Alife Inc.," said Eberhard Schoneburg, CEO of Artificial Life, Inc.
"Mr Schoneburg is the right man at the right time for the Company to achieve a fast turn around for our shareholders in the coming year. After all, he is the key shareholder of the Company. He also has personally recently invested substantially in the Company again which shows his commitment and determination. He is not just a hired manager. He needs no additional motivation. His interests are best aligned with the interests of our shareholders. And he has all it takes to get the Company back on track: the experience, the skills, the necessary knowledge and contacts in the industry and the drive to efficiently implement the new business model," said Dr. Gert Hensel, Member of the Board of Directors and Chairman of the Independent Audit Committee of Artificial Life, Inc.
