Mandalay Media Announces Management Change
07 October 2009 - 10:30AM
PR Newswire (US)
LOS ANGELES, Oct. 6 /PRNewswire-FirstCall/ -- Mandalay Media, Inc.
(OTC Bulletin Board: MNDL) announced today Mr. Aaron will be
resigning his posts as President and CEO of Twistbox and Director
of Mandalay Media, Inc. effective October 7, 2009 to pursue other
interests. "Mr. Aaron was responsible for the successful
acquisition and integration of AMV Holding and building our mobile
business into a leading content and platform supplier for major
operators globally. Ian is a dynamic person who I have worked with
for many years and wish him success in his future endeavors,"
stated Peter Guber, Mandalay Co-Chairman. "With more than 80% of
our mobile business International, my departure coincides with the
transitioning of our day-to-day operations overseas. Over the
years, we have built a great management team and operations
throughout Europe and I look forward to the Company's continued
growth and success," stated Mr. Aaron About Mandalay Media, Inc.:
Managed by leading media and technology industry executives, the
Company's mission is to build a unique combination of new media
distribution and content companies through acquisitions with
domestic and foreign businesses with strong management teams and
historical financial performance. Through its wholly-owned
subsidiary Twistbox Entertainment, Inc., the Company is a leading
global producer and publisher of mobile entertainment. Twistbox has
exclusive licenses with industry-leading brands, direct
distribution with more than 120 wireless operators in over 45
countries and provides an extensive portfolio of award-winning
games, WAP sites and mobile TV channels. Its wholly-owned
subsidiary AMV Holding Limited is a European leader in
direct-to-consumer mobile Internet content and services. For more
information, please visit http://www.mandalaymediainc.com/ or
http://www.twistbox.com/. Safe Harbor: This press release contains
forward-looking statements about the Company within the meaning of
the Private Securities Litigation Reform Act of 1995. Statements
including words such as "estimate", "expect", "anticipate" or
"believe" and statements in the future tense are forward-looking
statements. These forward-looking statements are subject to risks
and uncertainties that could cause actual events or actual future
results to differ materially from the expectations set forth in the
forward-looking statements. Some of the factors which could cause
the Company's results to differ materially from the expectations
include the following: consumer demand for the Company's products;
consumer spending trends; fluctuations in the currencies of the
countries in which the Company operates against the US dollar;
timely development and release of the Company's products;
competition in the industry; the Company's ability to manage
expenses; the Company's ability to manage and sufficiently
integrate acquisitions of other companies; adverse changes in the
securities markets; and other factors described in our filings with
the SEC, including our Annual Report on Form 10-K for the fiscal
year ended March 31, 2009. The Company does not undertake, and
specifically disclaim any obligation, to release publicly the
results of any revisions that may be made to any forward-looking
statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such
statements. DATASOURCE: Mandalay Media, Inc. CONTACT: Jim
Lefkowitz, President of Mandalay Media, Inc., +1-310-601-2500, Web
Site: http://www.mandalaymediainc.com/ http://www.twistbox.com/
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