Glu Announces Appointment of New Board Member
03 November 2010 - 7:05AM
Business Wire
Glu Mobile Inc. (NASDAQ:GLUU), a leading global publisher of
social games for smartphone and tablet devices, today announced the
appointment of Ben T. Smith, IV to its Board of Directors. This
appointment expands the number of directors on Glu’s Board from
seven to eight.
“We are very pleased to have Ben join our Board of Directors,”
stated William J. Miller, Chairman of Glu. “Ben brings a wealth of
expertise to the Board in the social networking space. We are
confident he will be a valuable resource for the Company as we
continue to focus on executing our growth strategy and building
long-term stockholder value.”
Mr. Smith is one of the pioneers of the freemium mobile gaming
space, having been one of the earliest investors in Tapulous,
providing leadership to its Board through its sale to the Walt
Disney Company earlier this year. He currently serves as the
Chairman and Co-Founder of MerchantCircle, a leading social network
of small business owners. Mr. Smith previously co-founded Spoke
Software, where he helped architect the business, establish a
patent portfolio in social networking, and guide the company to its
initial customers and through its establishment as a leading public
database of business professionals. Mr. Smith has also held
executive positions with Borland Software and A.T. Kearney, a
strategy consulting firm, and served the Bush Administration as the
Senior Advisor for Strategy and Planning to the Secretary of
Transportation from 2001 to 2002. Mr. Smith continues to serve on
the board of directors of Spoke Software, as well as an advisor or
investor in several other private companies, and provides advisory
services to a number of high-technology companies. He holds a
Master’s degree from Carnegie Mellon University’s Tepper School of
Business and a Bachelor’s degree in Mechanical Engineering from the
University of California at Davis.
About Glu Mobile
Glu Mobile (NASDAQ:GLUU) is a leading global publisher of social
games for smartphone and tablet devices. Glu’s unique technology
platform enables its titles to be accessible to a broad audience of
consumers all over the world - supporting iOS, Android, Palm,
Windows Phone 7 devices and beyond. Glu is focused on bringing the
best in social, freemium, cross-platform mobile gaming experiences
to the mass market. Founded in 2001, Glu is headquartered in the
San Francisco Bay Area and has major offices in Brazil, China,
Russia and the UK. Glu is focused on creating compelling original
IP and also partners with leading entertainment brands including
Activision, Atari, Fox and Harrah’s. Consumers can find
high-quality, fresh entertainment created exclusively for their
mobile devices wherever they see the ‘g’ character logo or at
www.glu.com. For live updates, please follow Glu via Twitter at
www.twitter.com/glumobile or become a Glu fan at
Facebook.com/glumobile.
GLU, GLU MOBILE and the ‘g’ character logo are trademarks of Glu
Mobile Inc.
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements, including
our expectation that Mr. Smith will be a valuable resource to Glu
and statements regarding our ability to execute on our growth
strategy and build stockholder value over the long-term. These
forward-looking statements are subject to material risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. Investors should
consider important risk factors, which include: the risk that
growth of smartphones and advanced networks does not grow as
significantly as we anticipate or that we will be unable to
capitalize on any such growth; the risk that we may have
insufficient working capital to effectively execute our business
strategy, including expanding our smartphone studio capacity and
focusing on our new social, persistent product strategy, while
continuing to address our traditional carrier-based business, and
that, even if we do execute our business strategy, we may not
derive the revenues that we expect; and other risks detailed under
the caption “Risk Factors” in our Form 10-Q for the quarter ended
June 30, 2010 filed with the Securities and Exchange Commission on
August 9, 2010. You can locate these reports through our website at
http://www.glu.com/investors. We are under no obligation, and
expressly disclaim any obligation, to update or alter our
forward-looking statements whether as a result of new information,
future events or otherwise.
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