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Thursday April 19, 5:15 am Eastern Time
Press Release
SOURCE: IVG Corp.
GeeWhiz Division of IVG Corp., Appoints New President and CEO
HOUSTON, April 19 /PRNewswire/ -- IVG Corp. (OTC Bulletin Board: IVGG - news; ivgcorp.com) today announced the appointment of Mr. James H. Drake as President and CEO of its GeeWhiz division. Mr. Drake will oversee the direction of GeeWhiz's new content and product development, channel growth, and strategic acquisitions.
With more than 19 years of experience in business, product and brand development, Mr. Drake has held various positions in marketing and general management at Hallmark Cards-the industry leader in greeting cards and personal expression products. As the President of Hallmark's Ensemble division, Mr. Drake contributed to an annual revenue growth rate of 69 percent, with sales in 2000 of $65 million. He has developed content for several world-renowned icons, including Harry Potter, Disney, the N.F.L., the P.G.A., Rosie O'Donnell, Anne Geddes, and the United States Mint and Post Office. Prior to Ensemble, Mr. Drake served as Managing Director of Hallmark subsidiary, Verkerke, Inc. He holds a B.S. in Public Administration from the University of Montana.
``We are extremely pleased to have Jim aboard,'' said Mr. Elorian Landers, President and CEO of IVG Corp. ``He is a world-class entrepreneur who possesses the business acumen to successfully compete and thrive in the promotional products marketplace. His background, vast knowledge, and established industry relationships made him the ideal candidate to carry out the corporate initiatives of GeeWhiz.''
``I am very pleased to join GeeWhiz's management team, having entered the company at a very exciting stage,'' said Mr. Drake. ``Given the creativity of the IVG architecture, along with the talent and values of our team, I'm certainly confident that we'll be capable of achieving new levels of growth and profitability. In bringing our products to market, we intend to fully leverage our online marketplace to tap the tremendous market potential that exists within the 2,700-plus client base of SES, IVG Corp.'s professional employer subsidiary.''
About GeeWhiz
GeeWhiz (http://www.geewhizusa.com) is a designer, manufacturer and distributor of fiber optic illuminated promotional products and gifts. GeeWhiz targets Fortune 500 companies that seek to expand mind share through corporate branding of premium promotional products. GeeWhiz is a division of IVG Corp.
About IVG Corp., Inc.
IVG Corp. is a Houston-based human resource and technology holding company that acquires, develops and operates revenue-generating companies with a compelling business model, technology and/or proprietary service. IVG Corp. provides a value-added corporate structure intended to enable its portfolio companies to quickly leverage their expertise and deploy their business strategy by utilizing the management, financial and corporate resources of the Company. IVG Corp. currently trades on the NASD OTC Bulletin Board under the symbol IVGG.
Safe Harbor Statement: This press release includes forward-looking statements, including statements relating to the future product development, acquisitions, results of operations, management, profitability and business strategy of GeeWhiz and IVG Corp. These statements are made under the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, among others: risks relating to the ability of IVG Corp. management to successfully accomplish fund raising activities, the ability to achieve or sustain profitability; limited operating history; possible financing needs; risks associated with identifying and completing acquisitions; risks associated with the integration of acquired technologies, operations and personnel; risks of being deemed an investment company; exposure to unforeseen liabilities of acquired companies; the requirement to record additional future operating costs for the amortization of goodwill and other intangible assets, which amounts could be significant; business conditions in the promotional products, PEO, e-commerce and Internet industries generally; the impact of market competitors and their product and service offerings; and the economic, competitive, governmental, technological and other factors identified in IVG Corp.'s filings with the Securities and Exchange Commission. These factors are described in further detail in IVG Corp.'s filings with the Securities and Exchange Commission, available online at freeedgar.com.
CORPORATE CONTACT INVESTOR & MEDIA RELATIONS
IVG Corp. Mindshare Communications
Mr. Richard Twardowski Mr. Anthony Zelen
Phone: (281)295-8400 Toll Free: (888) 301-6788
Email: richard@ivgcorp.com Fax: (604) 806-3367
Web: www.ivgcorp.com Email: ivgg@mindsharecommunications.com
SOURCE: IVG Corp. |
