IMSI/Design to Focus on Exploding CAD Market
13 June 2006
NOVATO, Calif., June 13, 2006 (PRIMEZONE) -- An investor
group led by software industry veteran Royal Farros and Greyhawk Capital
Management has formed IMSI/Design, LLC and has purchased all of the CAD and
design assets of Broadcaster, Inc. (formerly IMSI which now trades under the
ticker symbol BCSR on the OTC Bulletin Board). These assets include the
award-winning TurboCAD(R), DesignCAD, and FloorPlan(R) lines of professional
computer aided design (CAD) applications.
``The $650 billion design and construction industry is
booming,'' stated Farros, who will take the CEO spot in the newly formed
IMSI/Design. ``With a terrific installed base of customers and an outstanding
line-up of products, we think IMSI/Design is in a great position to hit the
Existing senior management and staff will stay with the new
organization, providing invaluable leadership and forward momentum.
Said Robert Mayer, former EVP at Broadcaster and new EVP of
IMSI/Design, ``We now have the organization and resources in place to focus on
driving design innovation and to set an aggressive pace in the CAD market.''
IMSI/Design, a private company headquartered in Novato, CA,
is a leader in CAD (computer aided design) and precision design software.
Award-winning products include TurboCAD, DesignCAD, and FloorPlan lines of
professional design applications. For more information on IMSI/Design, please
see http://www.IMSIdesign.com or contact Information@IMSIdesign.com.
About IMSI/Design Investor Group
Royal Farros has spent over two decades as a technology
entrepreneur. His latest venture, MessageCast, Inc., was sold to Microsoft
(NasdaqNM:MSFT - News) in 2005. He founded iPrint.com, was an Officer and
General Manager at Deluxe Corp. (NYSE:DLX - News), and was Chairman of desktop
publishing pioneer T/Maker Co.
Greyhawk Capital Management is a Ketchum, ID-based
investment firm focusing on companies with solid operating results, competitive
market positions, and strong management teams. Greyhawk investments span a
range of industries, including cellular telephony, distribution logistics, and
natural gas production.
TurboCAD and FloorPlan are registered trademarks of
IMSI/Design. All other trademarks are property of their respective owners.