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FREEDOM APPOINTS LEE KIM CHIEF FINANCIAL OFFICER
Irvine, Calif. (June 27, 2008) - Maynard Carkhuff, President and CEO of Freedom Innovations, LLC, announced today that Lee Kim has been named Chief Financial Officer for the organization. Kim comes to Freedom with deep experience in mergers and acquisitions, equity and debt financing, and operational restructuring. He will assist in the development and execution of the company's strategic plan and will direct all finance, accounting, and information technology activities for the company.
Kim's hiring coincides with Freedom Innovations' strategic recapitalization, a move aimed to increase the company's financial flexibility and position it for accelerated growth.
"We're very pleased to have Lee aboard," says Carkhuff. "Surrounding ourselves with people who understand and share our passion for success has helped us achieve our goals and objectives. Lee's career accomplishments and experience in the financial aspects of high-tech, global companies will be of great benefit to Freedom Innovations."
Kim's experience spans both public and private companies. He most recently served as Chief Financial Officer of Netlist, Inc., a manufacturer of customized, high-end memory solutions for the server and communications markets. Kim led Netlist's initial public offering in November 2006. Kim has served as a Financial Leadership Partner for Tatum LLC, a national professional services firm, where he served several clients as chief financial officer on both a permanent and interim basis. Prior to Tatum, Kim was Senior Vice President & Chief Financial Officer of Epicor Software Corporation, a publicly traded developer of enterprise resource planning software for midmarket companies.
Kim holds a Bachelor of Science degree with a major in accounting from The Wharton School of the University of Pennsylvania and is a Certified Public Accountant.
About Freedom Innovations:
Freedom Innovations, LLC designs, manufactures, and markets advanced technology prosthetic devices that provide people with physical challenges the ability to reach their full potential. Based in Irvine, CA, Freedom's lower-limb prosthetics are distributed in 39 countries around the world.
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