Logiq, Inc. (formerly Weyland Tech) (OTCQX: LGIQ), a global
provider of award-winning eCommerce and Fintech solutions, has
appointed Josh Jacobs to its board of directors. As a new
independent director, his appointment increases the board to seven
members, with four serving independently.
Jacobs is a highly accomplished technology executive with 30
years of innovation in digital media and advertising, sales and
marketing, and strategic business and consumer product development.
A noted pioneer in the programmatic media-buying industry, he has
held senior level executive roles at several top technology
companies on a global scale.
He most recently served in a number of leadership positions at
Maven, a leading media platform for digital publishers. As
president and executive chair, he led the company through the
acquisition and integration of four media companies that included
Sports Illustrated, Hub Pages, Say Media, and TheStreet featuring
Jim Cramer. Within three years, Maven grew from a startup to a
market leading platform serving over 110 million readers monthly
and generating more than $100 million in revenue. He presently
serves on the company’s board of directors.
Prior to Maven, Jacobs served as president of services at Kik
Interactive, where he led the introduction of a developer and
partner ecosystem powered by one of the world’s leading chat and
messaging platforms. Earlier, he served as CEO of Accuen, an
Omnicom agency, and president of platforms and partnerships for the
Omnicom Media Group. He grew Accuen from a single office in Chicago
into a global powerhouse, with a presence across more than 65
countries.
Before Accuen, Jacobs served as SVP of advertising products and
marketing at Glam Media, where he oversaw all aspects of its brand
advertising and applications, as well as the Glam Publisher Network
of 1,400 sites. He was also responsible for Glam Media’s global
marketing, including brand and agency marketing, corporate
communications and research.
He has served as vice president and general manager of Yahoo!’s
ad technology marketplace, where he was responsible for the general
management and product strategy of Yahoo!’s display advertising
partnership platform. This included overseeing Yahoo!’s RightMedia
Exchange, the company's advertising platform business. He was
responsible for creating the company’s first off-network display
advertising products and partnerships.
Jacobs has also led several early-stage companies through
initial product development, fundraising, and operational
expansion. This includes serving as president of X1 Technologies,
an Idealab company, and was co-founder of Bigstep.com, a small
business publishing platform, acquired by Affinity Internet. He
continues to support the advertising and media ecosystem as a board
member, investor and advisor to numerous technology and media
startups. He also sits on the board of Resonant (NASD: RESN), and
Invoca, an AI-powered call tracking and analytics platform.
“Josh’s extensive corporate governance and senior-level
executive experience with major media and advertising brands makes
him an ideal fit for Logiq’s board and our vision for the future,”
noted company president and executive chairman, Brent Suen. “As an
industry veteran with tremendous success in monetizing digital
media platforms, we look forward to Josh’s guidance and insights as
Logiq continues to evolve from primarily an eCommerce services
company into a leading innovator of data-driven consumer
intelligence and marketing technology.”
The transformation of Logiq began at the beginning of this year
with the acquisition of the assets of a fast-growing eCommerce
technology business now branded DataLogiq. As Logiq’s eCommerce
platform, DataLogiq uses proprietary methodologies and AI systems
to deliver valuable consumer insights that can dramatically enhance
the effectiveness, reach, and ROI of online marketing spend. For
enterprises and major brands, DataLogiq simplifies and automates
everything from ad creation and audience targeting to customer
acquisition, conversion, and remarketing.
Using first-party data acquired across its eCommerce platforms,
Logiq is presently developing a company-wide system for building
custom audiences for advertising using its deep pool of consumer
intelligence. By managing the end-to-end consumer experience, Logiq
is able to execute highly effective online campaigns that generate
high ROI on marketing spend for customers of all sizes
worldwide.
“I’m looking forward to helping Logiq pursue its new strategic
direction and vision, and particularly during this exciting new era
for the digital marketing industry,” said Jacobs. “I had the good
fortune of working alongside Logiq’s new CEO, Tom Furukawa, at
Yahoo! several years ago as a fundamental shift was underway in how
advertising was transacted, from web design to the creation of
networks of networks. I saw first-hand Tom’s brilliant ability to
innovate as we built display advertising products and developed
highly productive display advertising partnerships, and introduced
new ways to target audiences using early AI technology. Today, much
more powerful AI and machine learning is creating yet another
revolution in the industry with intelligent ad networks like we’ve
never seen before. Logiq has emerged at the forefront of this new
revolution.”
Furukawa commented: “The digital marketing industry is indeed
now going through another major technology shift, driven largely by
the increasing demands around privacy and better ROI on marketing
spend. These industry challenges also create new opportunities, and
represent an opportune time to strengthen our team with industry
thought leaders and visionaries like Josh to help us further refine
and introduce to the marketplace our AI-powered, first-party data
solution. We anticipate Josh’s keen mind for innovation and deep
connections with decision makers at major publishers and digital
marketing agencies will help open many new doors for Logiq.”
About LogiqLogiq, Inc. (OTCQX: LGIQ) is a
U.S.-based leading global provider of eCommerce, mCommerce, and
fintech business enablement solutions. Its AppLogiq™
platform-as-a-service enables small-and-medium sized businesses
worldwide to easily create and deploy a native mobile app for their
business without technical knowledge or background. AppLogiq
empowers businesses to reach more customers, increase sales, manage
logistics, and promote their products and services in an easy,
affordable, and highly efficient way. AppLogiq is offered in 14
languages across 10 countries and three continents, including some
of the fastest-growing emerging markets in Southeast Asia.The
company’s subsidiary, DataLogiq, provides a data-driven, end-to-end
eCommerce marketing solution for enterprises and major U.S. brands,
including Home Advisor, QuinStreet and Sunrun. Its AI-powered
LogiqX™ data engine delivers valuable consumer insights that
enhance the ROI of online marketing spend. The company’s PayLogiq™
offers mobile payments, and GoLogiq™ offers hyper-local food
delivery services. For more information about Logiq, go to
Logiq.com. Forward-Looking DisclaimerThis press
release may contain certain forward-looking statements and
information, as defined within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, and is subject to the Safe Harbor created by those
sections. Logiq cautions you that statements in this press release
that are not a description of historical facts are forward-looking
statements. These statements are based on Logiq 's current beliefs
and expectations. The inclusion of forward-looking statements
should not be regarded as a representation by Logiq or its
affiliates that any of its plans or expectations will be achieved.
Actual results may differ from those set forth in this press
release due to the risk and uncertainties inherent in Logiq’s
business, including, without limitation: the fitness of Logiq’s
products and services for a particular application or market,
expectations of future events, business trends, financial results,
and/or business transactions that may not be consummated or
realized, as well as other risks described in Logiq’s prior press
releases and in its filings with the Securities and Exchange
Commission (“SEC”), including under the heading "Risk Factors" in
Logiq’s Annual Report on Form 10-K and any subsequent filings with
the SEC. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof,
and Logiq undertakes no obligation to revise or update this press
release to reflect events or circumstances after the date
hereof.
Company ContactBrent Suen, PresidentLogiq,
Inc.Email contact
Media & Investor ContactRonald Both or
Grant StudeCMA Investor & Media RelationsTel (949) 432-7566
Email contact
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c6608bcb-954f-4a9e-b9c8-f65994eeee69
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