ALL: NAVR
Just picked this up from NAVR thread. Not much new other thatn new CEO has had previous exprience with IPO's. Price going up slightly in this down market...:)
MMK
To: Lane Hall-Witt (4250 )
From: matthew lange Thursday, Jan 14 1999 2:20PM ET
Reply # of 4255
More news
Thursday January 14, 1:35 pm Eastern Time
Navarre's NetRadio names president
MINNEAPOLIS, Minn., Jan 14 (Reuters) - Internet music provider NetRadio Corp., which plans an initial public offering, said
Thursday it has appointed Edward Tomechko as its president and chief executive officer.
NetRadio is a majority owned subsidiary of Navarre Corp., and plans to retain a 40 to 50 percent stake in NetRadio after the offering, a company spokesman said.
In early December, NetRadio had said it expected to file documents with the Securities and Exchange Commission within 60 days covering its proposed initial public
offering. At that time, a chief executive officer for NetRadio had not been named.
As chief executive, Tomechko succeeds Eric Paulson who will continue as chairman of NetRadio's board of directors. Tomechko previously served as NetRadio's
chief financial officer and has worked on other IPO preparations and filings.
Paulson, who is also Navarre's chief executive, said the company has added directors to NetRadio's board and strengthened its management team.
NetRadio produces and delivers music, information and original programming on the Internet on a 24 hours-a-day, 7 days-a-week continuous basis.
Navarre publishes and distributes consumer software to retailers nationwide, distributes independent music labels in the United States and Canada, and distributes
major label music to nontraditional retail outlets.
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