GlobalMedia.com elevates Jeff Mandelbaum to CEO position@
New position empowers CEO to move on with next level strategy and growth
VANCOUVER, May 22 /CNW-PRN/ - GlobalMedia.com (NASDAQ - GLMC) an award-winning Internet company focused on providing Internet e-commerce and streaming media solutions, announced today the appointment of Jeff Mandelbaum as Chief Executive Officer (CEO). In addition to this new appointment, Mr. Mandelbaum will continue in his position as president and a director of GlobalMedia. Mr.Mandelbaum is considered to be an industry luminary and was recently named by Streaming Magazine, a highly regarded media publication, as one of the top 25 most influential executives in the streaming media industry.
Before joining GlobalMedia in January 2000, Mr. Mandelbaum held the position of Vice President of Media Systems Sales at RealNetworks, Inc. (Nasdaq: RNWK - news). In that position, he led sales and service in the Americas and drove strategic opportunities worldwide. Before joining RealNetworks in April 1998, Mr. Mandelbaum was Vice President of Worldwide Sales at Commerce One (Nasdaq: CMRC - news), a global leader in business-to-business electronic procurement systems. Prior to Commerce One, Mr. Mandelbaum held a number of positions at Sybase (Nasdaq: SYBS - news), most recently as CEO and President of Sybase Financial Services, Inc. Mr. Mandelbaum is a graduate of the Executive Program in Business Administration from the Columbia University Graduate School of Business.
``This appointment gives Jeff the power to run this business to its maximum potential'', said Michael Metcalfe, chairman of GlobalMedia, ``the progress that we have made in building GlobalMedia's business strategy is largely due to Jeff's leadership, vision and his immense experience.''
Mr. Mandelbaum commented, ``This new role will allow me to take GlobalMedia to the next level of growth.'' Mandelbaum added, ``The Company is very well positioned to assume a leadership role in the Internet delivery of entertainment content for major broadcasters around the world.''
Over the last several months, GlobalMedia has recruited and promoted a top-notch team of experienced Internet business professionals. In addition to Mr. Mandelbaum, recent executive appointments include: the appointment of Rob Fuller from CEO of GlobalMedia to Chief Operating Officer (COO); and Paul Sullivan, former president of Unapix Entertainment, as Executive Vice President of Sales and Marketing.
About GlobalMedia.com
Winner of the prestigious Linux Journal award for the ``Best Overall Linux Solution'' at Comdex Fall '99, GlobalMedia.com provides Internet e-commerce and streaming tools to companies that are looking to leverage their existing brand names and customer base to the Internet. GlobalMedia.com's streaming media and e-commerce infrastructure focuses on providing businesses with a totally integrated, private branded solution: interactive stimulating audio and video, banner and rich media advertising, and e-commerce.
GlobalMedia.com trades on the Nasdaq National Market tier of the Nasdaq Stock Market, under the symbol GLMC. The Company has established important relationships with RealNetworks (Nasdaq: RNWK - news), Liquid Audio (Nasdaq: LQID - news), MCI/Worldcom (Nasdaq: WCOM - news), L90 (Nasdaq: LNTY - news) and Muze.
This press release may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including technological and operational challenges, changes in consumer preferences and developments affecting the Internet.
SOURCE: Globalmedia.com |
