"Monday June 25, 7:50 am Eastern Time
ACTV adds David Reese to CEO post
NEW YORK, June 25 (Reuters) - ACTV Inc. (NasdaqNM:IATV - news), a provider of interactive digital media, on Monday said it named its president, David Reese, to the additional post of chief executive officer, succeeding William Samuels, who will continue as chairman.
Reese, 45 joined the company in 1988 and Samuels, 58, has served as chairman and CEO since 1994.
``David Reese has been my partner for 12 years and he is the right man at the right time to lead ACTV,'' Samuels said in a statement. ``He is an astute operating executive who has forged partnerships with key players throughout our industry.''
Shares of New York-based ACTV closed at $2.85 on Friday on Nasdaq, near the 52-week low of $2.22."
biz.yahoo.com
"Monday June 25, 7:30 am Eastern Time
Press Release
SOURCE: ACTV, Inc.
ACTV Names David Reese CEO
NEW YORK, June 25 /PRNewswire/ -- ACTV, Inc. (Nasdaq: IATV - news), a digital media company specializing in interactive television and enhanced media technologies, today announced that David Reese, President, has been named to the additional position of Chief Executive Officer.
As CEO, Mr. Reese, 45, will assume day-to-day responsibility for all ACTV business activities, including executing the company's business plan and overseeing the strategic direction of the company. He succeeds William C. Samuels, who will continue as Chairman. Mr. Samuels, 58, has served as Chairman and CEO since 1994. Mr. Reese joined ACTV in 1988, most recently serving as President.
Mr. Samuels commented, ``David Reese has been my partner for 12 years and he is the right man at the right time to lead ACTV. He is an astute operating executive who has forged partnerships with key players throughout our industry. I know he'll do a terrific job, and I look forward to continuing to work in collaboration with David to contribute to ACTV's future successes.''
``This is an important time in the development of both our company and our industry,'' said Mr. Reese. ``We have built a company offering a full range of products and services that are instrumental to the enablement of digital and interactive media. I thank Bill and the board for their trust in me and look forward to working with them to fully realize ACTV's potential.''
About ACTV, Inc.
ACTV, Inc. (Nasdaq: IATV - news) is a digital media company providing proprietary products, tools, and technical and creative services for interactive TV advertising, personalized programming applications and enhanced media. Based in New York City, ACTV's brands include SpotOn(TM), One to One TV, Advision, Intellocity, HyperTV® with Livewire and BottleRocket. For more information, visit actv.com.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the companies, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the companies disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE: ACTV, Inc. "
biz.yahoo.com |
