Findwhat (NASDAQ:FWHT)
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New Organizational Structure Accelerates Leverage
of Key Businesses
FindWhat.com, Inc. (NASDAQ:FWHT), a leading global developer and
provider of performance marketing and commerce enabling services,
announced today the promotion of Tom Wilde to senior vice
president/general manager, FindWhat North America. As part of the
Company's next phase of integrating its strategic acquisitions, Wilde
will take the lead role as the Company combines its U.S. based
FindWhat Network and Primary Traffic Divisions.
By combining the strengths of FindWhat's Pay-Per-Click network
with those of the primary traffic division, the Company believes it
will be able to accelerate the development and launch of several new
solutions designed to better enable online publishers to attract new
users, retain existing customers and fully capitalize on and benefit
from FindWhat's full-page monetization offerings.
"Combining FindWhat's Network and Primary Traffic divisions marks
the next logical step toward the integration of several strategic
acquisitions of the past year," said Craig Pisaris-Henderson, chairman
and chief executive officer of FindWhat.com. "Since joining
FindWhat.com, Tom has had an immediate and positive impact on our
Company, and is the right person to leverage our deep assets across
the publisher, advertiser and consumer audiences."
Mr. Wilde joined FindWhat.com in October 2004 as vice president
and general manager, primary traffic, and was promoted to senior vice
president and general manager primary traffic in January 2005. Prior
to FindWhat.com, Mr. Wilde was vice president and general manager of
search and publishing at Terra Lycos. In this role he was responsible
for the creation, execution and management of Terra Lycos' global
strategy in search and web publishing. Mr. Wilde's prior professional
experience includes serving as a member of the board of directors at
Fast Search & Transfer, a software company that develops enterprise
search technologies, and as vice president of marketing and channels
at FAST.
About FindWhat.com, Inc.(R)
FindWhat.com creates and offers proprietary performance-based
marketing and commerce enabling services that help businesses of all
sizes throughout the business cycle in reaching prospects, converting
prospects to customers and then retaining those customers. Its
marketing division creates online marketplaces where buyers are
introduced to sellers at exactly the right moment, when they are
searching for products and services on the Internet; this introduction
is based on a bid-for-position, Pay-Per-Click or Pay-Per-Call (US
only), keyword-targeted advertising service. FindWhat.com offers this
service directly to advertisers through the FindWhat.com Network(TM)
in the U.S., the Espotting Network in Europe and offers a private
label version of this service to large companies and portals
worldwide, including Lycos and Mitsui & Co., Ltd. FindWhat.com also
operates a merchant services division which includes Miva(R), a
leading online platform of software and services for small to
medium-sized enterprises (SMEs). With its easy-to-use, highly
customizable and integrated browser-based point and click business
creation software and a vast partner network, Miva is focused on
helping to create and enhance online business and marketing services
for SMEs. Additionally, FindWhat.com has a primary traffic division,
currently offered through Comet Systems, a leading provider of
connected desktop consumer software. More information about
FindWhat.com is available on the Company's website at
http://www.FindWhat.com.
Forward Looking Statements
This press release contains certain forward-looking statements
that are based upon current expectations and involve certain risks and
uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Words or expressions such as "plan,"
"intend," "believe" or "expect'" or variations of such words and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements are not guarantees of
future performance and are subject to risks, uncertainties, and other
factors, some of which are beyond our control and difficult to predict
and could cause actual results to differ materially from those
expressed or forecasted in the forward-looking statements including
without limitation (1) our ability to successfully integrate our
recent acquisitions with our other operations, and (2) our ability to
develop and successfully market new products and services. Additional
key risks are described in FindWhat.com's reports filed with the U.S.
Securities and Exchange Commission, including the Form 10-K/A for
fiscal 2004, and the most recently filed quarterly report on Form
10-Q. FindWhat.com undertakes no obligation to update the information
contained herein.
(R)Registered trademark of FindWhat.com, Inc.
(TM)Trademark of FindWhat.com, Inc.
All other trademarks property of their respective owners.