Paltalk, Inc. Appoints Geoff Cook to Board of Directors
11 Octobre 2023 - 2:30PM
via NewMediaWire
– Paltalk, Inc. (“Paltalk,” the “Company,”
“we,” “our” or “us”) (Nasdaq: PALT), a communications software
innovator that powers multimedia social applications, today
announced that Geoffrey Cook was appointed to the board of
directors of the Company, effective immediately. The
Company increased the size of the board of directors from five
(5) directors to six (6) directors, and Mr. Cook was selected to
fill the newly created vacancy.
Jason Katz, Chairman and CEO of Paltalk, commented, “We are
thrilled to have Geoff join our board of directors at this time, as
we embark on further advancing our business both organically and
acquisitively. His experience, knowledge, and success in growing
The Meet Group, and ultimately selling it in 2020 for $500 million
to ProSiebenSat.1 Media, enables Geoff to provide us valuable
guidance going forward. We look forward to Geoff’s insight and
input as we evaluate the Company’s opportunities and continue to
build and execute strategic plans.”
Geoff Cook, incoming independent director, stated, “I believe
Paltalk has many great opportunities in front of it, and I’m
pleased to work with Jason, the board of directors as a whole, and
the other members of the Paltalk management team in building
stockholder value for Paltalk. Having built and grown companies at
similar stages to that of Paltalk; I believe my expertise will
bring a unique perspective that will contribute positively to the
team.”
Mr. Cook was also appointed to serve as a member of the
Nominating and Corporate Governance Committee of the board of
directors and the Strategic Transactions Committee of the board of
directors.
ABOUT PALTALK, INC. (Nasdaq: PALT)
Paltalk, Inc. is a communications software innovator that powers
multimedia social applications. Our product portfolio includes
Paltalk and Camfrog, which together host a large collection of
video-based communities. Our other products include ManyCam,
Tinychat and Vumber. The Company has an over 20-year history of
technology innovation and holds 10 patents. For more information,
please visit: http://www.paltalk.com.
To be added to our news distribution list, please
visit: http://www.paltalk.com/investor-alerts/.
FORWARD-LOOKING STATEMENTS:
This press release contains "forward-looking statements." Such
statements may be preceded by the words "intends," "may," "will,"
"plans," "expects," "anticipates," "projects," "predicts,"
"estimates," "aims," "believes," "hopes," "potential," or similar
words. Forward-looking statements are not guarantees of
future performance, are based on certain assumptions and are
subject to various known and unknown risks and uncertainties, many
of which are beyond the Company's control, and cannot be predicted
or quantified and consequently, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Such risks and uncertainties include, without
limitation, any economic recession and the overall inflationary
environment on our results of operations and our business; our
ability to effectively market and generate revenue from our
applications; our ability to generate and maintain active users and
to effectively monetize our user base; our ability to improve,
market and promote the ManyCam software; our ability to retain the
listing of our common stock on The Nasdaq Capital Market; our
ability to release new applications or improve upon or add features
to existing applications on schedule or at all; risks and
uncertainties related to our increasing focus on the use of new and
novel technologies to enhance our applications, and our ability to
timely complete development of applications using new technologies;
our ability to effectively compete with existing competitors and
new market entrants; our ability to effectively secure new software
development and licensing customers; our ability to protect our
intellectual property rights; the use of the internet and
privacy and protection of user data; our ability to consummate
favorable acquisitions and effectively integrate any companies or
properties that we acquire; and our ability to manage our
partnerships and strategic alliances. More detailed information
about the Company and the risk factors that may affect the
realization of forward-looking statements is set forth in the
Company's filings with the Securities and Exchange Commission
("SEC"), including the Company's most recent Annual Report on Form
10-K and Quarterly Reports on Form 10-Q. Investors and security
holders are urged to read these documents free of charge on the
SEC's website at www.sec.gov.
All forward-looking statements speak only as of the date on
which they are made. The Company undertakes no obligation to update
any forward-looking statement or statements to reflect events or
circumstances after the date on which such statement was made,
except to the extent required by applicable securities laws.
Investor
Contacts:IR@paltalk.comClearThinknyc@clearthink.capital917-658-7878
Paltalk (NASDAQ:PALT)
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