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IMSI(R) Announces Appointment of Marvin Mauer as CEO of Houseplans, Inc.
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01/16/2005
NOVATO, Calif., July 15 - IMSI OTC Bulletin Board: IMSI), a leading developer and publisher of precision design, graphics and business productivity software, today announced that it had promoted Marvin Mauer to the position of Chief Executive Officer of its wholly owned subsidiary Houseplans, Inc. Houseplans, Inc is the operator of the rapidly growing http://www.houseplans.com and http://www.houseplanguys.com web sites which distribute stock house plans. Mauer joined IMSI in July 2003 and is also the Vice President of IMSI's direct marketing and e-commerce groups.
Houseplans, Inc. was formed in November 2003 with the acquisition of Planworks, LLC and has been focused on building a network of web properties to serve the rapidly growing market for the sale of stock house plans on-line. The company's mission is to create a high quality user experience by offering the largest selection of plans and highest level of customer service in the industry.
About IMSI Founded in 1982, IMSI has established a tradition in providing the professional and home user with innovative technology and easy-to-use,high-quality software products at affordable prices. The company maintains two business divisions. The Precision Design division, anchored by IMSI's flagship product, TurboCAD(R) and the recently acquired DesignCAD(TM) line, also develops and markets other visual content and design software such as FloorPlan(R) 3D. The division also includes several online properties focused on the sale of content and services to the architectural, engineering and construction market thru its stock house plans site at Houseplans.com, its store CAD add-on store, Cadalog.com and the online CAD symbol site, CADsymbols.com. The Business Applications division provides businesses and end users with software solutions through its popular products such as TurboProject(R), FormTool(R), FlowCharts&More(TM), HiJaak(R) and TurboTyping(TM). This division also provides ergonomic and keyboard training to Fortune 1000 companies for worker-related safety, productivity, and ergonomic compliance improvements through Keynomics, a wholly owned subsidiary of IMSI. More information about IMSI can be found at http://www.imsisoft.com.
Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including the ability of the company to successfully commercialize its new technologies as well as risk factors set forth under "Factors Affecting Future Operating Results" in the company's annual report on Form 10-KSB for the year ended June 30, 2003, and such other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
