Robert E. Feller to Join Scientific Learning as Chief Financial Officer
12/12/2008
Media Contact:
Jessica Lindl
Vice President of Marketing
Scientific Learning Corporation
(510) 625-6784
jlindl@scilearn.com
Investor Contact:
Dale Hill
Director of Finance
Scientific Learning Corporation
(510) 625-2245
investorrelations@scilearn.com
Oakland, Calif. - December 12, 2008 - Scientific Learning Corporation (NASDAQ:SCIL) today announced that Robert E. Feller will join the Company as its new Chief Financial Officer. Mr. Feller has 18 years of financial leadership and auditing experience, including positions in financial management experience at both Fortune 500 and startup firms.
Robert C. Bowen, Chief Executive Officer, stated, "We are delighted that Bob is joining us. He brings us both strategic and hands-on experience in financial planning, accounting and systems implementation. His experience in software, hardware and consumer products companies, and in companies both small and large and public and private, offers us a valuable perspective."
Mr. Feller comes to us from AdBrite, Inc., which operates an Internet-based advertising marketplace, and where Mr. Feller served as Vice President, Finance and Administration. Prior to AdBrite, he served in financial leadership positions of increasing responsibility at salesforce.com, a leading provider of Internet-based customer relationship management software; his last position at salesforce.com was as Vice President, Finance. Mr. Feller began his career as an auditor with Arthur Andersen, LLP. He holds an MBA from the Ross School of Business at the University of Michigan and a BA from the University of Michigan.
"I look forward to working with Bob in executing our strategic and operational plans," said Andy Myers, President and Chief Operating Officer. "His experience and intellect will make him a key part of our team as we continue to tune and build our operations to support our plans for profitable growth."
"I am very pleased to join Scientific Learning," said Mr. Feller. "Scientific Learning offers unique products that have a sustainable impact on children's learning capacity. I look forward to working as part of the management team to bring those products to more children while increasing the value that we build for shareholders."
About Scientific Learning Corporation
Scientific Learning creates educational software that accelerates learning by improving the processing efficiency of the brain. Based on more than 30 years of neuroscience and cognitive research, the Fast ForWord® family of products provides struggling readers with computer-delivered exercises that build the cognitive skills required to read and learn effectively. Scientific Learning's Reading AssistantTM is the only reading solution to combine advanced speech recognition technology with scientifically-based courseware to help students strengthen fluency, vocabulary and comprehension to become proficient, life-long readers. The efficacy of the products has been established by more than 550 research studies and publications. For more information, visit http://www.scientificlearning.com/ or call toll-free 888-452-7323.
This press release contains forward-looking statements that are subject to the safe harbor created by the federal securities laws. Such statements include, among others, statements relating to future growth in sales, revenue, profits and other financial results. Such statements are subject to substantial risks and uncertainties. Actual events or results may differ materially as a result of many factors, including but not limited to: general economic and financial conditions (including the recent adverse events in the financial and credit markets); seasonality and sales cycles in Scientific Learning's markets; competition; availability of funding to purchase the Company's products and generally available to schools; the acceptance of new products and product changes; the extent to which the Company's marketing, sales and implementation strategies are successful; personnel changes; the Company's ability to continue to demonstrate the efficacy of its products, and other risks detailed in the Company's SEC reports, including but not limited to the Report on Form 10Q for the third quarter of 2008 (Part II, Item 1A, Risk Factors), filed November 7 , 2008. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events, or otherwise.
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