WS Journal reports Kodak preparing for Chapter 11

KodakKodak is preparing for a Chapter 11 bankruptcy-protection filing, reports the Wall Street Journal.

The company is first trying to sell its digital imaging patents. If that does not yield the intended revenues, it is “in discussions with potential lenders for around $1 billion in so-called debtor-in possession financing that would keep it afloat during bankruptcy proceedings,” the Journal reports.

The full story is here.

 

Kodak receives listing notice from NYSE

Eastman Kodak Co., Rochester, N.Y., received a continued listing standards notice from the New York Stock Exchange (NYSE) because the average closing price of the company’s common stock was less than $1.00 per share over a period of 30 consecutive trading days.

Under NYSE rules, Kodak has six months following receipt of the notification to regain compliance with the minimum share price requirement. The company can regain compliance at any time during the six-month cure period if the common stock has a closing share price of at least $1.00 on the last trading day of any calendar month during the period and also has an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month or on the last day of the cure period.

PNI Digital Media announces technology vice president

PNI Digital Media

PNI Digital Media, Vancouver, British Columbia, Canada,  announced Zack Wickes has joined PNI Digital Media as vice president, technology. He will be responsible for all technical innovation related to the PNI Digital Media Platform, including finding and implementing new technologies, realizing efficiencies from existing technologies and integrating content providers and third-party solutions.

Wickes past positions include vice president, Software Engineering, at MMX Software Inc. and CTO and vice president, Software Development, at Yummy Interactive Inc. Wickes also founded SoftwareShield Technologies Inc., which he sold in 2006.

“In conjunction with the promotion of Chris Egan as vice president, Business Services, last month, the addition of  Wickes completes our leadership transition and positions the company with the right team for the next phase of growth,” says Kyle Hall, CEO, PNI Digital Media.

Alamy appoints North America sales vice president

Adam Goldberg
Adam Goldberg

Stock photography agency Alamy Ltd. recruited Adam Goldberg as vice president of sales, North America, from director of corporate development at Corbis.

“Adam has a high-calibre 20-year career in the stock photo industry and brings a wealth of experience which will be vital to our ambitious sales plans for the USA,” says Rachel Wakefield, head of sales, Alamy.

Alamy first opened its Brooklyn, N.Y. office in 2009 and is reporting 30-percent annual growth in the U.S. market.

Minox USA names Elite Outdoor as new sales agency

Todd Curell
Todd Curell

Todd Curell

Minox USA added Elite Outdoor Sales and Marketing as its sales agency in the Rocky Mountains and Pacific Northwest. The  move is part of their overall strategy to greatly expand and better service the growing Minox optics dealer network.

“Along with award-winning products, we need the best sales force possible, and Elite Outdoor combines all the traits and personnel required to effectively serve this important region,” says Matt Suuck, Sport Optics Manager for Minox USA. “The years of hunting industry experience, and specifcally optics, that Elite Outdoor brings are the perfect fit for our plans for accelerated growth.”

Todd Curell is owner/principal of Elite Outdoor.