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JTV Jumptv

35.51
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jumptv LSE:JTV London Ordinary Share CA48139P1071 COM SHS NPV (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 35.51 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Change of CEO

15/10/2007 10:19am

UK Regulatory


RNS Number:6926F
JumpTV Inc.
15 October 2007


JumpTV Appoints Jordan Banks CEO


TORONTO--(Marketwire - October 15, 2007) - G. Scott Paterson, Chairman and CEO
of JumpTV, ("JumpTV" or the "Company") (AIM: JTV) (TSX: JTV) is pleased to
announce the appointment of Mr. Jordan Banks as Chief Executive Officer of
JumpTV effective November 12, 2007. At that date Mr. Paterson will become
Executive Chairman.


Additionally, the Company announces that Kaleil Isaza Tuzman, JumpTV President
and COO and a member of the Board of Directors, has indicated to the Board that
he will assist Mr. Banks in a transition of operating responsibilities through
January 8th, 2008, after which time he will resign his operating duties at
JumpTV to pursue other interests. Mr. Isaza Tuzman will remain on the Company's
Board of Directors.


Commenting on the appointment of Mr. Banks, Mr. Paterson noted, "Jordan is one
of Canada's leading Internet executives, having experienced tremendous success
over the past decade leading business activities of eBay Canada and the National
Hockey League Players' Association. He has added significant value as an
Independent (non Executive) Director of JumpTV and our entire Board of Directors
feels that his skill set, his leadership talents and his deep knowledge of the
Internet ideally position him to lead JumpTV to its fullest potential."


Mr. Banks, 39, was most recently managing director of eBay Canada, the number
one online shopping destination in Canada. Hired in 2000, he helped launch eBay
Canada that same year and became the second employee of the Canadian office of
eBay Inc. In his role as managing director at eBay Canada, he had overall
management and P&L responsibility including operations, strategy and marketing.
Mr. Banks is credited with building the eBay brand and eBay's community of users
in Canada. Today, eBay Canada has over five million confirmed registered users
who collectively purchased more than US$1 billion dollars worth of goods on eBay
this past year.


Before joining eBay Canada, Mr. Banks managed the Licensing and International
Business group at the National Hockey League Players' Association. In this role,
he was responsible for supervising and managing global retail product licensees,
negotiating license and international event agreements and identifying and
pursuing new areas of global business for the organization. Mr. Banks also
practiced corporate law at Goodmans LLP in Toronto.


Paterson continued, "During the past two years, Kaleil Isaza Tuzman and I worked
to lay the foundation for JumpTV's growth. We, along with the Board, concluded
it was time to bring in a new CEO with a track record of successfully building
and running companies on a day-in and day-out basis. Jordan's obvious past
success made him the ideal candidate to help bring JumpTV to the next level. My
role as Executive Chairman will be full-time and active yet I am leaving it in
Jordan's capable hands to lead JumpTV into its next stage of growth and
evolution."


Mr. Banks commented, "I am delighted to be joining the JumpTV team. I believe
that Scott, Kaleil and the entire JumpTV family around the world have built a
business that is poised for dramatic growth in revenue, profitability and
shareholder value. We are more committed than ever to delivering unique,
high-value content and a world-class user experience to an incredibly targeted
and passionate audience. Couple this with a stellar management team, and I feel
very fortunate to have this opportunity."


Mr. Banks is the founder and chairman of Sportsfest, a non-profit organization
focused on raising funds for Alzheimer's disease research and care. He has been
a member of the Board of Directors of JumpTV since May 15, 2007 and is also a
board member of the Ontario Science Centre, the Information Technology
Association of Canada (ITAC), the Baycrest Centre, the Baycrest Foundation, and
the Moses and Tamara Tobe Foundation, and sits on the Advisory Board of Next
Pathway. Mr. Banks is also one of seven business leaders who together formed the
Canadian Football League's "Commissioner's Council", dedicated to the future
growth of the CFL.


Mr. Banks is also a member of the Young President's Organization (YPO) and, in
May 2006, was named one of Canada's prestigious "Top 40 Under 40" honorees. In
2006, he was also named one of the four inaugural winners of the Hugo Boss
"Leave a Mark Award" celebrating "men of excellence" in Canada.


Mr. Paterson commented on Mr. Isaza Tuzman, "JumpTV would not have succeeded to
date had it not been for Kaleil's tireless efforts -- we are very grateful for
his significant contributions in leading the business until now -- including
content acquisition, product/network development, executive hiring, and
budgetary discipline. He will continue to add great value to JumpTV through his
role on our Board of Directors."


Mr. Isaza Tuzman said "I have thoroughly enjoyed working with the JumpTV team in
building the Company to the position it is in today -- as one of the largest
live-streaming broadcasters in the world -- and I look forward to continued
contributions from a board perspective. Scott and I solicited Jordan with the
unanimous support of our Board to become the Company's CEO. I care deeply about
our customers and our partners, and I am confident that Jordan's leadership will
be embraced and appreciated by all our constituents."


The Company will hold a conference call to discuss the appointment today,
October 15, 2007, at 4:15pm EDT. To participate in the call, interested parties
can use the following dial-in numbers: U.S. and Canada - 888-693-3477 or
International - +1 973-582-2710; conference code 9357492. Callers are suggested
to dial-in at least 5 minutes prior to the call.


A replay of the call will also be available for 7 days using the following
dial-in numbers: U.S. and Canada - 877-519-4471 or International - +1
973-341-3080; conference code 9357492.


About JumpTV


JumpTV is a leading distributor of live international television and sports over
the Internet. With more than 300 television channels from 75+ countries and more
than 175 partnerships with sports teams and leagues, JumpTV delivers full-screen
sports, news and entertainment content on a real-time basis from all corners of
the globe to computers, Internet-enabled television sets, IP set-top-boxes and
cell phones with browser access. For more information, visit www.jumptv.com.


Forward-looking statement


Certain statements herein may constitute forward-looking statements, including
those identified by the expressions "may," "will," "should," "could,"
"anticipate," "believe," "plan," "estimate," "potential," "expect," "intent" and
similar expressions to the extent they relate to JumpTV or its managements.
These statements reflect JumpTV's current expectations and are based on
information currently available to management. These forward-looking statements
are subject to a number of risks, uncertainties, assumptions and other factors
that could cause actual results or events to differ materially from current
expectations, including the matters discussed under "Risk Factors" contained in
JumpTV's prospectus (admission document) dated August 1, 2006 and the matters
discussed under "Risk Factors" contained in JumpTV's final short form prospectus
dated February 19, 2007. These forward-looking statements are made as of the
date hereof, and JumpTV assumes no obligation to update or revise them to
reflect new events or circumstances.


JUMPTV PR / IR Contacts
North America:
Lewis Goldberg
KCSA Worldwide
+1-212-896-1216
lgoldberg@kcsa.com

UK:
Chris Bowman/Andrew Chubb
Canaccord Adams Limited
+44 207 050 6500





                      This information is provided by RNS
            The company news service from the London Stock Exchange

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