Wmode Announces the Appointment of New Chairman
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CALGARY, AB, - May 4, 2007 - Wmode, the leading provider of digital media distribution services under the ClearMode® brand, announces today that Stephen Pezzola, who joined the Board as a Director in August 2006, has been appointed by the Board as its new Chairman. Mr. Pezzola's appointment follows the resignation of current Board member and Chairman, Duane Sharman, who served as Chairman since the founding Wmode.
"As my involvement with the industry has reduced over time, it seemed appropriate to step down and allow new leadership to take the company on to the next growth stages," said Duane Sharman. "Steve is someone that I had asked to join the Board last year. I know that he will add great guidance and focus to both the Board and management."
"I appreciate Duane's and the Board's confidence in me," said Mr. Pezzola. "I am excited about the opportunities for Wmode and look forward to working with the management team and the Board to meet the challenges ahead and to expand our footprint in digital media distribution services."
Mr. Pezzola has twenty-five years experience in mergers and acquisitions, executive and financial management in the private, IPO, and public markets. He practiced law in private law firms for 15 years before becoming general counsel of DSP Communications, Inc., in 1996 which was sold to Intel Corporation in 1999. In June 2000, he was the Executive Vice-Chairman of Zen Research Ltd and led its effort to list on the London Stock Exchange. He currently is the CEO of his own consulting company, Yorkshire Ventures LLC, which advises and assists clients on various strategic matters and negotiations with key corporate relationships.
About Wmode
Wmode operates ClearMode®, a digital media distribution service that provides for the recruitment, management, discovery, delivery and payment of digital content. Wmode offers a complete suite of technologies and services as a managed service to enable triple and quad play service providers, broadband operators, mobile carriers, MVNOs, content providers and media companies to deliver a broad range of digital content and services to their consumers. ClearMode, the first complete digital media distribution solution, has been operated as a managed service since 2002. Wmode, founded in September 2000, is a privately held company with offices in Calgary and Toronto, Canada and Bern, Switzerland. Further information about Wmode can be found at www.wmode.com.
Media Contacts
Marty Savoy
Director, Marketing and Communications
Wmode, Inc
+1(403) 210.8327
Marty.Savoy@wmode.com
