24/7 Real Media (NASDAQ:TFSM)
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24/7 Real Media, Inc. (Nasdaq: TFSM), a leading global
digital marketing company, today announced it has expanded the role of
its Executive Vice President and Chief Financial Officer, Jonathan K.
Hsu, to include the title of Chief Operating Officer (COO),
formalizing the roles and responsibilities that he has overseen over
the past few years.
"Jon is a tremendous strategic asset to 24/7 Real Media. His
business and financial acumen, and natural leadership abilities have
been instrumental in driving the company's growth and improving its
financial well-being," said David J. Moore, Chairman and CEO, 24/7
Real Media. "In addition to his fiduciary duties, Jon already oversees
many of the operational functions of the business, helping us to
improve our profitability the same way we do for our own customers.
We're proud to officially recognize Jon for his efforts and commitment
to 24/7 Real Media by formally naming him Chief Operating Officer."
"Consolidating the finance and operations roles has proven to be
very beneficial for 24/7 Real Media, in that it has created a greater
level of transparency across many business functions and helped
streamline decision-making processes," said Mr. Hsu. "As 24/7 Real
Media continues to expand its service offerings and global footprint
to address the evolving needs of our growing client base, the
efficiencies that we've already built into our operations will
continue to benefit our customers and shareholders alike."
In his expanded role, Mr. Hsu is responsible for 24/7 Real Media's
global financial operations, as well as Technology Development,
Corporate Development, Investor Relations, Marketing, Product
Management, Human Resources and various administrative functions. Mr.
Hsu was responsible for driving the company's expansion in the Asia
Pacific region, overseeing the acquisitions of Real Media Korea in
December 2003, and Australia-based Decide Interactive in August 2004.
He also spearheaded the joint venture with Dentsu, Japan's largest
advertising company, in September 2005 to form K.K. 24-7 Search, the
company's highly successful foray into the Japanese search engine
marketing arena. Mr. Hsu joined the company in March 2000, and
previously served as Senior Vice President, Corporate Development and
Strategic Planning.
Prior to joining 24/7 Real Media, Mr. Hsu worked for JP Morgan
Chase Securities, where he specialized in M&A activities for new
economy companies, telecommunication firms, and financial sponsors.
Previously, he served as a venture capitalist at American Lead
Ventures and founded a magazine distributed internationally by Time
Warner.
Mr. Hsu holds an M.B.A. in Finance and Strategic Management from
the Wharton School of Business and a B.A. in Economics from Harvard
University.
About 24/7 Real Media, Inc.
24/7 Real Media, Inc. is a leading global digital marketing
company, empowering advertisers and publishers to engage their target
audiences with greater precision, and to achieve transparency and
greater ROI. Using its award winning ad serving, targeting, tracking,
and analytics platform, powerful search marketing capabilities and
global network of specialized Web sites, the company has turned the
art of reaching audiences across virtually any digital medium into a
measurable science. The company is headquartered in New York, with 20
offices in 12 countries throughout North America, Europe and Asia
Pacific. 24/7 Real Media: The Science of Digital Marketing.
24/7 Real Media is a member of the NAI and adheres to the NAI
privacy principles that have been applauded by the FTC. These
principles are designed to help ensure Internet user privacy. For more
information about online data collection associated with ad serving,
including online preference marketing and an opportunity to opt-out of
24/7 Real Media cookies, go to: www.networkadvertising.org.
Caution concerning forward-looking statements:
This news release includes certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995. These statements are based on management's current expectations
and are naturally subject to uncertainty and changes in circumstances.
Actual results may vary materially from the expectations contained
herein due to changes in economic, business, competitive and/or
regulatory factors. More detailed information about those factors is
set forth in our filings with the Securities and Exchange Commission.
In addition, the following factors, among others, could cause actual
results to differ materially from those described herein: the
potential for impairment of relationships with employees or major
customers, loss of faith in Internet advertising, international risks,
regulatory risks, and other economic, business, competitive and/or
regulatory factors affecting the businesses of 24/7 Real Media. All
information in this release is as of August 3, 2006. The Company is
not under any obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements whether
as a result of new information, future events or otherwise.