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WEATHER DECISION TECHNOLOGIES, INC.
TrueNorth Global and Weather Decision Technologies Complete Merger
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Merger Creates Market-Leading Positions in Core Weather Businesses
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and a Powerful International Distribution Network for Advanced Weather Products
NORMAN, OK. May 20, 2008 – Weather Decision Technologies, Inc. and TrueNorth Global Inc. today announced that they have merged. The combined company will be named Weather Decision Technologies, Inc.
The management team of Weather Decision Technologies (WDT) will consist of James R. Laramie, Chairman and Chief Executive Officer, and Michael D. Eilts, President and Chief Operating Officer. The combined company with distinguished complementary capabilities is now in a position to further extend its reach into terrestrial and marine weather markets through direct and indirect sales channels. The expertise within the two entities has expanded to support a broader portfolio of services. The company will continue to focus on its global weather services strengths, and aggressively grow its core and new media businesses as a single entity.
"WDT is now one of the world’s most recognized weather data delivery providers, counting as clients most of the United States’ leading weather services and media outlets,” said Jim Laramie, Chairman and Chief Executive Officer of WDT. “TrueNorth Global is a leader in premium marine weather services, with a well entrenched global sales organization and distribution network on three continents. The two synergistic businesses are now one, providing us with the ability to accelerate our rapid growth plans," said Laramie.
"We are excited about the many opportunities that the combined WDT and TrueNorth Global companies will provide to our collective clients,” said Mike Eilts, President and Chief Operating Officer of WDT. “WDT will gain additional skills and expertise in selling premium services worldwide and TrueNorth Global will now be better positioned to compete effectively in broad vertical markets within the continually expanding Global Weather Services Market. We look forward to sharing the benefits of these exciting new growth opportunities with all of our stakeholders," said Eilts.
About Weather Decision Technologies
Founded in 1999, Weather Decision Technologies has become a global leader in providing state-of-the-science weather detection, nowcasting, and forecasting systems and services to our partners and customers. WDT’s premium ClearPoint Weather service is the world's most comprehensive and easy to use ultra high-resolution global weather information service for sailboat racers, cruisers, fishermen, yacht clubs, marinas, resorts, and weather-trackers, worldwide. WDT is headquartered in Norman, Oklahoma, and maintains operational and international marketing offices in Middleburg and Arlington, Virginia. For more information: www.wdtinc.com and www.clearpointweather.com.
For more information:
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Matthew Piette
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WDT, Inc.
+1 512.736.8316
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© 2008 Weather Decision Technologies, Inc., ALL RIGHTS RESERVED. Weather Decision Technologies and WDT are trademarks of Weather Decision Technologies, Inc. All other trademarks are the property of their respective owners.
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