IRVINE, Calif., Jan. 27, 2015 /PRNewswire/ -- Content syndication
and monetization company, Adaptive Medias, Inc. (OTCQB: ADTM), a
leader in programmatic advertising across mobile, video and online
display, today announced two management changes to take charge of
the strategic direction of the company and its world class
technology platform.
The company is excited to announce the appointment of
the current CEO of Beanstock Media and former head
of sales at DoubleClick, Jim Waltz,
45, as Acting Chief Operating Officer. Mr. Waltz will immediately
take over operational leadership duties and responsibilities to
best serve clients, partners and stakeholders of the company.
Mr.Waltz will be reporting directly to the Company's Board of
Directors.
Mr. Waltz currently serves as the Chief Executive Officer of
Beanstock Media (www.beanstockmedia.com), a leading
advertising-technology company, where he heads business strategy
and execution using his hands-on knowledge of the inner workings of
the technology and his strategic vision of the ad serving and ad
network worlds to connect consumers with rich, engaging and
relevant interactive ad content. Although he will maintain his
role as Chief Executive Officer at Beanstock Media, Mr. Waltz is
expected to dedicate most of his time and energies towards his
newly-appointed role as Acting Chief Operating Officer of Adaptive
Medias, Inc.
Prior to joining Beanstock Media, Mr. Waltz held senior
positions, including President, Chief Executive Officer and Vice
President of Sales, at Traffic MarketPlace, AdModus and
DoubleClick, respectively.
Board member, Bruce Wiseman,
stated "The Board of Directors is unanimously supportive and
excited to have someone of Jim's caliber and expertise leading the
Adaptive Medias team and delivering our unique content and platform
to publishers, content owners and advertisers. We look
forward to announcing a new CEO candidate to continue to lead our
employees in accomplishing strategic and operational
initiatives."
The Company has further formed a committee of five individuals
to actively search for a successor to Mr. Qayed Shareef. Mr.
Shareef, 39, was terminated by the Board of Directors from his
positions as Chief Executive Officer and Director of the Company,
effective immediately. The committee is comprised of experienced
digital video and advertising executives with deep understanding of
the organization, industry and market landscape.
ABOUT ADAPTIVE MEDIA
Adaptive Media is a programmatic audience and content
monetization provider for website owners, app developers and video
publishers searching to more effectively optimize content through
advertising. By providing a solid foundation for publishers and
developers wishing to engage brand advertisers through a
multi-channel approach, the company allows for the delivery of
integrated, engaging and impactful ads across multiple screens.
Adaptive Media places utmost emphasis on maintaining the user
experience, while simultaneously distributing timely and relevant
advertising through its ad delivery and content platform. For more
information, please visit www.adaptivem.com. Also, follow them on
Twitter @adaptive_m.
SAFE HARBOR STATEMENT
This Press Release may contain certain forward-looking
statements within the meaning of the Securities Litigation Reform
Act of 1995. Adaptive Medias, Inc. has tried, whenever possible, to
identify these forward-looking statements using words such as
"anticipates," "believes," "estimates," "expects," "plans,"
"intends," "potential" and similar expressions. These statements
reflect Adaptive Medias' current beliefs and are based on
information currently available to it. Accordingly, such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause Adaptive Medias'
actual results, performance or achievements to differ materially
from those expressed in or implied by such statements. Adaptive
Medias undertakes no obligation to update or provide advice in the
event of any change, addition or alteration to the information
contained in this Press Release including such forward-looking
statements.
Investor Relations Contact:
AJ Homayun
818 280-6800
ahomayun@irpartnersinc.com
Public Relations Contact:
PR@AdaptiveM.com
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SOURCE Adaptive Medias, Inc.