SOURCE: Cinnabar Ventures, Inc.

Cinnabar Ventures, Inc.

January 19, 2010 10:00 ET

Richard Lisa Appointed President of Cinnabar Ventures, Inc.

FORT MYERS, FL--(Marketwire - January 19, 2010) - Cinnabar Ventures, Inc. ("Cinnabar") (OTCBB: CNBR), the creator of the Yippy OS; www.yippy.com, a cloud-based operating system currently in beta, announces the appointment of Richard "Rick" Lisa, age 51, as President, Chief Operating Officer and Director. Prior to this appointment, Mr. Lisa was Vice President of Field Sales and Director of World Wide Embedded Sales for Advanced Micro Devices, Inc. ("AMD").

"Rick Lisa has nearly thirty years of experience working in senior sales, marketing and operations management positions for leading technology companies. His business and organizational experience, industry relationships, and visionary insights will be invaluable in leading Cinnabar Ventures into its future as a preeminent cloud-based computing and services company," said Richard Granville, Chief Executive Officer and Chairman of Cinnabar.

"I am extremely eager to join the team at Cinnabar Ventures," said Rick Lisa, newly appointed President of Cinnabar. "The cloud computing industry is still in its early stages of development despite advancements over the last decade. This is an exciting time not only in the industry but also for Cinnabar as well. The Cinnabar management team has made tremendous progress in bringing together unique capabilities that will differentiate our efforts from those that have done so much to advance the industry to this point. Aside from significant cloud middleware, operating system, and client software developed under the Yippy brand, the new relationships formed with recently announced business partners will aid us in rapidly advancing the vertical capabilities of Cinnabar in the cloud computing business."

"Cinnabar's strategy of building vertically integrated cloud-based computing capabilities is compelling. When this strategy is combined with their focus markets, which highlight the family and youth internet market along with safe, secure business computing services, I strongly believe Cinnabar will offer a unique approach to the sector," adds Lisa. "I look forward to capitalizing on the many opportunities that lie ahead."

In his time at AMD, Mr. Lisa directly managed sales and marketing efforts to major server system builders that were installing advanced hardware in large high performance computing and cloud businesses in North America. His intimate knowledge of the state of the art server computing technology will be applied directly in his new role at Cinnabar. In his most recent assignment he managed AMD's customer programs for embedded applications worldwide. These included thin client, kiosk, point of sale, internet appliances, communications, and dedicated purpose computing platforms; all of which will impact Cinnabar's future plans.

Prior to AMD, Mr. Lisa held senior executive positions managing multi-national efforts in sales, marketing, operations, planning and information systems management at Fairchild Semiconductor Incorporated and Motorola, Inc. In his 22 years at Motorola, he worked in continually increasing roles of responsibility in the automotive, communications, computing and semiconductor divisions of the multinational conglomerate. His time at Motorola was highlighted by his last position as Vice President of Worldwide Sales, Consumer Systems and Home Networking Group. In this role, Mr. Lisa developed and managed both the tactical and strategic sales & marketing efforts in major accounts including HP, Sony, Scientific Atlanta, Lexmark, Nintendo, Xerox, Canon and Epson.

About Cinnabar Ventures, Inc.

Based in Fort Myers Florida, Cinnabar Ventures, Inc., www.cinnabarcompany.com, is a new economy technology company that develops technologies and relationships for Web-OS systems in the Cloud computing sector.

Forward-Looking Statements

Pursuant to The Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of Cinnabar Ventures, Inc. can be found in the filings of Cinnabar Ventures, Inc. with the U.S. Securities and Exchange Commission.

Contact Information

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    Vorticom, Inc.
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