MicroPlanet Announces Appointment of New President and CEO

November 06, 2006 by Jeff Shepard

MicroPlanet Technology Corp. announced that it has appointed Bruce Lisanti as President and CEO. Lisanti spent the first ten years of his career in positions of increasing responsibility with Electronic Data Systems (EDS) and General Electric (GE). At GE, Lisanti was the National Sales Manager for the Computer Services Division which grew from a start-up to over $1.5 billion of revenue through internal growth and acquisition.

For the last 15 years, he has been a senior officer of several successful start-up and fast growth companies. From 1997 to 1999, he was Senior VP of Sales, Marketing and Strategic Planning for Rental Service Corp., helping it grow from $40 to $650 million in sales prior to being acquired by Atlas Copco. From 2000 to 2001, Lisanti was the President and CEO of FirmLogic, where he helped complete a successful turnaround of this company. Since 2002, he has been the COO of Brainwave Science, a private company that provides high technology services in national security, medical research, advertising and criminal justice markets. Lisanti has a BS from the University of Illinois and has received extensive management training with GE.

Brett Ironside, who has served as Interim President and CEO since June, 2006 will resign from this position to allow for the appointment of Lisanti, but will remain as a director of MicroPlanet. Ironside stated, "Since June, 2006, MicroPlanet and its management have worked hard to implement an extensive 120 day action plan designed to prepare MicroPlanet for future success. The appointment of Mr. Lisanti is a key part of our strategy for leading the company through the next period of growth. We are extremely pleased to have attracted a successful senior executive with a strong management, technology commercialization and sales background to lead MicroPlanet. The board of directors has full confidence in Mr. Lisanti and is excited about the prospects for the company under his leadership".