Mandalay Media, Inc. Appoints Mobile Gaming Veteran as President
28 Ottobre 2009 - 9:32PM
PR Newswire (US)
LOS ANGELES, Oct. 28 /PRNewswire-FirstCall/ -- Mandalay Media, Inc.
(OTC Bulletin Board: MNDL) announced today that it has appointed
Ray Schaaf as President, effective October 27, 2009. Mr. Schaaf, a
veteran in the mobile entertainment industry, joins Mandalay Media
as President from Arcadia Entertainment, Inc. where he served as
President and CEO. Ray also served as the former President of
Publishing for Glu Mobile where he built and grew the company into
one of the top world-wide mobile game publishers. In connection
with Mr. Schaaf's appointment, Jim Lefkowitz was named Chief
Operating Officer of Mandalay Media. "Ray is a gifted senior
manager with seasoned international mobile gaming and content
experience. I personally believe he is the right person to help us
further grow our entertainment business globally while overseeing
our day-to-day operations," stated Peter Guber, Mandalay
Co-Chairman. "I look forward to seeing great leadership and
innovation from the new Mandalay Media team." About Ray Schaaf Ray
Schaaf's 25 years of digital media experience spans games, content,
ecommerce, and mobile industries. He has led and managed companies
in North America, Asia, and Europe. Prior to Arcadia, Mr. Schaaf
was COO of Navio, a digital content, ecommerce, and promotions
solution provider to Fox Interactive Media, Shockwave, Disney, Sony
BMG, EMI, and MasterCard. Prior to Navio, he was President of
Publishing at Glu Mobile (previously Sorrent) and President of
Intershop, where he oversaw the Americas and APAC operations,
managing both operations to profitability. Prior to Intershop, Mr.
Schaaf was CEO and President of XMARC, where he launched the first
location-based application deployed on a public wireless network.
He has also held executive management positions at Veritas
Software, NeXT Computers, and Ziff Davis. Mr. Schaaf received his
B.S. degree in business from Boston College. About Jim Lefkowitz
Mr. Lefkowitz is a 20 year entertainment industry veteran with a
wide range of experience in law, business, finance, film and
television. Mr. Lefkowitz joined Mandalay in 2007 from Cantor
Fitzgerald, where he was managing director of Cantor Entertainment.
Prior to Cantor, Mr. Lefkowitz was an agent for eight years at
Creative Artists Agency, a leading talent agency in Hollywood,
where he represented clients in connection with film, television,
and other media ventures. He began his career as an attorney at the
law firm of Manatt, Phelps, and Phillips in Los Angeles. He
subsequently worked for six years as a business affairs executive
at Walt Disney Studios and Touchstone Pictures. Mr. Lefkowitz is a
graduate of the University of Michigan School of Business
Administration and Michigan Law School. About Mandalay Media, Inc.:
Managed by leading media and technology industry executives, the
Company's mission is to build a unique combination of new media
distribution and content companies through acquisitions with
domestic and foreign businesses with strong management teams and
historical financial performance. Through its wholly-owned
subsidiary Twistbox Entertainment, Inc., the Company is a leading
global producer and publisher of mobile entertainment. Twistbox has
exclusive licenses with industry-leading brands, direct
distribution with more than 120 wireless operators in over 45
countries and provides an extensive portfolio of award-winning
games, WAP sites and mobile TV channels. Its wholly-owned
subsidiary AMV Holding Limited is a European leader in
direct-to-consumer mobile Internet content and services. For more
information, please visit http://www.mandalaymediainc.com/. Safe
Harbor: This press release contains forward-looking statements
about the Company within the meaning of the Private Securities
Litigation Reform Act of 1995. Statements including words such as
"estimate", "expect", "anticipate" or "believe" and statements in
the future tense are forward-looking statements. These
forward-looking statements are subject to risks and uncertainties
that could cause actual events or actual future results to differ
materially from the expectations set forth in the forward- looking
statements. Some of the factors which could cause the Company's
results to differ materially from the expectations include the
following: consumer demand for the Company's products; consumer
spending trends; fluctuations in the currencies of the countries in
which the Company operates against the US dollar; timely
development and release of the Company's products; competition in
the industry; the Company's ability to manage expenses; the
Company's ability to manage and sufficiently integrate acquisitions
of other companies; adverse changes in the securities markets; and
other factors described in our filings with the SEC, including our
Annual Report on Form 10-K for the fiscal year ended March 31,
2009. The Company does not undertake, and specifically disclaim any
obligation, to release publicly the results of any revisions that
may be made to any forward-looking statements to reflect the
occurrence of anticipated or unanticipated events or circumstances
after the date of such statements. DATASOURCE: Mandalay Media, Inc.
CONTACT: Jim Lefkowitz of Mandalay Media, Inc., +1-310-601-2500,
Web Site: http://www.mandalaymediainc.com/
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