Contact Information: iMedia Contact: Scott Kapp President 310-453-4499
iMedia International Expands Board of Directors
Jeff Johnson From The Yucaipa Companies and John Babcock From Rustic Canyon Partners Join Board
| Source: iMedia International, Inc.
SANTA MONICA, CA--(Marketwire - January 16, 2008) - iMedia International, Inc. (PINKSHEETS : IMED ), an interactive content solutions company, today announced the
appointments of two new members to its board of directors. Elected to the
board were Jeffrey M. Johnson, operating partner of The Yucaipa Companies,
and John Babcock, partner at Rustic Canyon Partners. The additions bring
the total number of board members to five.
"Both of these gentlemen bring to iMedia a unique understanding of
technology and the publishing industries, as well as the investment process
necessary for us to grow our business and capitalize on market
opportunities," said Henry Williamson, chief executive officer of iMedia International, Inc.
(PINKSHEETS : IMED ). "John and Jeff both understand what it takes to be
successful in competitive marketplaces, and we are fortunate that they have
agreed to join our board. We look forward to leveraging their expertise and
experience for the ongoing success of iMedia."
Johnson has more than 20 years of publishing experience, most recently
serving as publisher, president and CEO of the Los Angeles Times. He
previously served as executive vice president and general manager of the
Times. Prior to his roles with the Times, he managed various operational
divisions at The Chicago Tribune, served as vice president of operations
and technology at The Orlando Sentinel, and as chief operating officer and
CEO at Landoll, Inc., a publisher of children's educational books and
materials. Johnson earned a bachelor's degree in accounting from the
University of Illinois and an M.B.A. from the University of Chicago.
Babcock brings to the board more than 15 years of technology industry
experience. He has been partner at Rustic Canyon since its inception in
1999, helping to manage the firm's more than $800 million in investments.
He currently sits on the boards of five private companies. Prior to Rustic
Canyon, Babcock was general manager of online real estate at the Los
Angeles Times. Babcock earned a bachelor's degree from Duke University and
an M.B.A. from the Anderson School at UCLA.
"iMedia has a team of experienced
and passionate leaders that have a deep understanding of the technology and
media industries, and what it takes to get their products in front of
consumers," added Babcock. "I am confident in the company's leadership and
its focused direction, and I look forward to working closely with Henry and
Jeff, and the rest of the board to continue to develop strategies and
identify opportunities that will help the company reach its potential."
About iMedia International, Inc.
iMedia International, Inc. (PINKSHEETS : IMED ) is an interactive content
solutions company founded on the premise of creating high ROI marketing
programs using new digital applications and entertainment content
aggregation to help clients truly engage their customers in the
ever-changing media landscape. iMedia creates custom digital marketing
solutions and proprietary software marketing systems with comprehensive
media reporting feedback for its clients, including strategic planning,
content origination, aggregation and production, online and disc
audio/video design, authoring, editing and compression, disc packaging,
manufacturing and distribution. iMedia's flagship product, Hollywood Previews, is
available online as a co-branded partner or through "white-label"
relationships, and through co-sponsored CD-ROM insert programs in major
newspapers and magazines. Hollywood Previews delivers several hours of
digital entertainment content covering everything from movies to video
games. iMedia's Digital Direct product line features iMedia's proprietary
iReporting™ real-time, online tracking system, which provides
quantitative data on disc viewer usage patterns and effectiveness of iMedia
marketing and promotional campaigns. Clients include several Fortune 500
companies. For more information on iMedia International, visit
www.imedia-us.com.
Forward-Looking Statements
The information in this news release includes certain forward-looking
statements that are based upon assumptions that in the future may prove not
to have been accurate and are subject to significant risks and
uncertainties, including statements regarding the future financial
performance of the Company. Although the Company believes that the
expectations reflected in its forward-looking statements are reasonable, it
can give no assurance that such expectations or any of its forward-looking
statements will prove to be correct. Factors that could cause results to
differ include, but are not limited to, successful performance of internal
plans, product development and acceptance, the impact of competitive
services and pricing, general economic risks and uncertainties, and various
other information detailed from time to time in the Company's filings with
the United States Securities and Exchange Commission. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the date
thereof. Please refer to the reports previously filed with the SEC by the
Company at http://www.sec.gov.