SAN FRANCISCO, Sept. 22, 2005 (PRIMEZONE) -- Tribeworks, Inc. (OTCBB:TWKS) today announced the appointment of B.S.P. 'Paddy' Marra as Chief Financial Officer, replacing David C. Hayes, who has resigned as CFO and as a Director of the company, to pursue other interests.
Mr. Marra has over 30 years of corporate finance experience, including recently with FreshXtend Technologies Corp. (Canada) (now Deputy Chairman), CFO, the Brierley Investments Limited group (New Zealand), and Chairman, Chamundi Power Corp. Ltd (India). Mr. Marra has Degrees in both Accounting and Finance (BCA) and in Economics and Economic History (BA) from Victoria University of Wellington, New Zealand. He is also a Fellow of the Institute of Chartered Accountants of New Zealand and is a former member of the Financial Reporting Standards Board in New Zealand and numerous other Boards and Directorships of publicly traded companies.
"We are extremely pleased to have Mr. Marra joining our team, especially with his wealth of experience in corporate finance. His experience in building global enterprises should help to strengthen our growth objectives," said Peter Jacobson, Tribeworks, Inc. CEO.
Jacobson also stated that, "The Board of Directors unanimously thanks David Hayes for his time and effort as a Director and as CFO. His expertise in early stage companies has proven to be very valuable to us in building a strong foundation toward achieving our expansion plans."