SOURCE: PFO Global, Inc.

March 07, 2016 08:30 ET

PFO Global Names Matt Cevasco as Chief Executive Officer

Proven Industry Veteran With Historic Track Record of Success to Lead Company's Anticipated High Growth Stage

IRVING, TX--(Marketwired - Mar 7, 2016) - PFO Global, Inc. (OTCQB: PFGB), the innovative manufacturer and commercial provider of advanced prescription lenses, finished eyewear and vision technologies, as well as the exclusive North & South American distributor for Optima lenses, today announced that the Company's Board of Directors has named Matt Cevasco as Chief Executive Officer, effective March 1, 2016.

Cevasco succeeded Rudolf Suter who joined PFO Global as CEO/President in 2010 and led the company through a series of acquisitions; including the merger with publicly traded Energy Telecom. Suter will continue to serve as an advisor to the Company.

"I believe Matt will be an exceptional leader. Importantly, he is passionate about our mission and committed to our principles and values. He has a documented proven track record of success in the optical industry which I believe makes him ideally suited to lead PFO Global forward," stated Suter.

Cevasco most recently served as President and GM for Luneau Technology USA, where he was responsible for the North American efforts of the Briot, Briot/WECO Canada, Visionix and Latham & Phillips Ophthalmic businesses. Prior to that, he served as Vice President of Sales and Marketing at Gateway Energy Services from 2002 to 2009. Early in his career, he served as Vice President of Sales with SOLA International, which merged with Carl Zeiss AG.

"I'm excited to have the opportunity to build atop the strong foundation created by Ruedi in recent years. Our goal at PFO Global remains to provide the highest quality eyewear and lenses at the most competitive price points, while facilitating logistical efficiency via proprietary technology. I believe there exists a timely opportunity to disrupt the current prescription lens retail market and highly fragmented global optical industry paradigm," stated Cevasco.

Cevasco concluded, "I look forward to working with our dedicated employees while leveraging my long standing understanding and experience in the space, focusing squarely on value creation for our shareholders."

About PFO Global

PFO Global is an innovative manufacturer and commercial provider of advanced prescription lenses, finished eyewear and vision technologies targeted for the global optometrists marketplace. PFO Global's uniquely interactive manufacturing, fulfillment and proprietary online ordering systems combine with its eyewear lens product lines intended to meet the broad array of eyewear markets, from the independent eye care professional offices to finished eyewear products for US Healthcare Entitlement Programs, such as Medicaid and Medicare. Products include: Complete Eyewear, SmartCalc™, Identity™/Acuity™ and Upgrade™ (Digital Free-Form Lenses), Optima-Resolution™ Polycarbonate Lens, Hyper Index™ by ASAHI LITE and VITARIS™. For more information, please visit www.pfoglobal.com.

Safe Harbor Statement

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

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