The Company’s Chief Financial Officer, Frank Namyslik tendered his resignation from the position of Chief Financial Officer of Artificial Life, Inc. (the “Company”) effective as of December 5, 2011.
Also, on December 5, 2011, the Board of Directors appointed Eberhard Schoneburg, the current Chief Executive Officer and Chairman of the Board of Directors of the Company, to resume its former position as as the Company’s Chief Financial Officer.
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