IRVINE, Calif., April 3, 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 that Jim Waltz, 45, Acting Chief Operating Officer of
Adaptive Medias, Inc. and Norman
Brodeur, 43, a seasoned corporate finance executive and
longtime investor in Adaptive Medias, have been appointed to the
Company's Board of Directors. Messrs. Waltz and Brodeur will be
replacing Bruce Wiseman and
Mark Lambert, who have resigned from
the Board, effective immediately.
"We welcome a new era in this next growth phase for Adaptive
Medias with the appointments announced today," said Omar Akram, President and Chief Financial
Officer. "In particular, Jim's deep ad tech and brand
building experience, including formerly as vice president at
DoubleClick, and Norman's extensive corporate finance background,
will add important perspectives to our Board. We believe
these changes will support our accelerated growth strategy and
illustrate the depth of the Company's dedicated and committed
management team and Board of Directors. We are also grateful
to Bruce and Mark for their valuable wisdom, guidance and support
and wish them the best in their future endeavors," concluded Mr.
Akram.
Mr. Waltz has been serving as Acting Chief Operating Officer of
the Company since January 2015. Since
August 2010, Mr. Waltz has served as
the Chief Executive Officer of Beanstock Media, 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. Prior to joining Beanstock Media,
Mr. Waltz held senior positions, including President of Traffic
MarketPlace, Chief Executive Officer of AdModus and Vice President
of Sales at DoubleClick.
Mr. Brodeur, a longtime investor in Adaptive Medias, has been a
Managing Partner at William Nichols Venture Capital Partners since
2003. Mr. Brodeur has over 20 years of experience in the
financial services and investment banking industries having
actively participated in a number of prominent private and public
offerings. Mr. Brodeur also specializes in developing
strategic partnerships and alliances for emerging growth companies
with a focus on companies with digital media, entertainment and
disruptive technologies.
ABOUT ADAPTIVE MEDIAS, INC.
Adaptive Media is a programmatic audience and content
monetization provider for website owners, app developers and video
publishers who want to more effectively optimize content through
advertising. The Company provides a foundation for publishers and
developers looking to engage brand advertisers through a
multi-channel approach that delivers integrated, engaging and
impactful ads across multiple devices. Adaptive Media meets the
needs of its publishers with an emphasis on maintaining user
experience, while delivering timely and relevant ads through its
multi-channel ad delivery and content platform. For more
information, please visit www.adaptivem.com. Also, follow them on
Twitter @adaptive_m.
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 Contact:
AJ Homayun
ahomayun@irpartnersinc.com
818-280-6800
PR Contact:
Zach Weiner
pr@adaptivem.com
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SOURCE Adaptive Medias, Inc.