FLORHAM PARK, N.J., Jan. 25, 2012 / -- Boomerang Systems, Inc. (OTCQB: BMER) a leading designer and manufacturer of automated robotic parking and self storage systems announces the promotion of Scott Shepherd to the position of Chief Financial Officer. Mr. Shepherd joins Dave Koch, the Company's Chief Operating Officer hired in mid-2011, as another member of Boomerang's senior management team with decades of experience in building successful material handling businesses. Joseph Bellantoni, the Company's outgoing CFO, will remain a consultant to the Company on SEC and other financial matters.
Mr. Shepherd came to Boomerang in early 2011 as its Plant Controller, overseeing all financial aspects of the Company's operations at its research, design, production and testing facilities in Logan, Utah. Mr. Shepherd earned his Bachelor's (Accounting) and Master's degree (MBA) at The University of Utah, and comes to Boomerang with over 15 years of relevant management experience. Mr. Shepherd worked for 13 years at Daifuku America Corporation where he most recently served as its CFO and sat on its Board of Directors. Daifuku America Corporation is a wholly owned subsidiary of Daifuku Company, Ltd., one of the largest material handling companies in the world.
Mr. Shepherd and Mr. Koch worked together at Daifuku America after Daifuku acquired ESKAY Corporation - a company Mr. Koch co-founded in 1990. Mr. Koch brings 34 years of experience in logistics, automated warehousing, distribution and manufacturing across a variety of industries with companies having operations in North America, Europe and Asia. He earned a mechanical engineering degree at The University of Utah and has served as Senior Mechanical Engineer, Principal Systems Engineer, Senior Project Manager, Senior Vice President of Engineering, and Director of Sales and Marketing. Most importantly, Mr. Shepherd and Mr. Koch have a long track record of successful collaboration in the material handling industry, which they plan to continue at Boomerang.
Mark Patterson, who serves as CEO of Boomerang Systems, Inc. stated, "We are very excited to have seasoned material handling professionals like Scott and Dave join our team of innovative designers and engineers who revolutionized the automated parking industry with the development of our RoboticValet™ parking system. Scott and Dave bring the battle-tested leadership experience we need to scale our business and execute projects in a reliable and profitable manner."
About Boomerang Systems, Inc.
Headquartered in Florham Park, NJ, with research, design, testing and production facilities in Logan, UT, Boomerang Systems, Inc. (www.boomerangsystems.com) is in the business of selling, designing, engineering, manufacturing, installing and supporting its own line of fully automated parking systems and fully automated self-storage systems. The Company is the developer and sole provider of the Boomerang RoboticValet™ automated robotic parking system which differs from legacy automated parking systems in that it transports vehicles on a flat solid concrete slab without the use of a rail or track. The company believes that this system provides numerous advantages with regard to redundancy, throughput, layout flexibility and fire and life safety in comparison to other legacy rail based automated parking systems. Prior to starting Boomerang, the company's founding principals started S&S Worldwide, which has grown to become the largest manufacturer of thrill rides in North America with customers in 31 countries including Disney, MGM, Six Flags & Cedar Fair. Engineering accomplishments include the World's tallest thrill ride (Stratosphere, Las Vegas, NV) and the World's first roller coaster to go over 100 MPH (Guinness World Record in 2002).
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: The Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Boomerang Systems, Inc.'s current views about future events, financial performances, and project development. These "forward-looking" statements are identified by the use of terms and phrases such as "will," "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Boomerang's expectations. These risk factors include, but are not limited to, the risks and uncertainties identified by Boomerang Systems, Inc. under the headings "Risk Factors" in its latest Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. These factors are elaborated upon and other factors may be disclosed from time to time in Boomerang Systems, Inc.'s filings with the Securities and Exchange Commission. Boomerang expressly does not undertake any duty to update forward-looking statements.