24/7 Real Media CFO Jonathan K. Hsu Assumes Role of Chief Operating Officer
03 Août 2006 - 12:00PM
Business Wire
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.
24/7 Real Media (NASDAQ:TFSM)
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