Contact Information: Contact Info: Xenia von Wedel Terpin Communications for eChinaCash (415) 595 2030
eChinaMobile Appoints Top Industry Veterans to New Strategic Advisory Board
| Source: eChinaCash
BEIJING and SAN FRANCISCO, CA--(Marketwire - February 19, 2008) - eChinaMobile, a Joint Venture
of eChinaCash and Linktone
(NASDAQ : LTON ), is set to flourish under its new corporate Advisory Board.
eChinaMobile, a leading provider
of value-added mobile services for the oil, travel and retail industries,
has appointed industry executives Alan Cole-Ford, Managing Partner of Stone
Drum Capital, Debbie Gamble, President of Gamble Consulting, and Dennis
Bennie, Founder of XDL Venture Capital Fund.
Ronald S. Posner, CEO of eChinaCash, said that, "With the addition of this
experienced group of industry experts eChinaMobile will equip itself with
an impressive mix of marketing, strategic planning, technology and
financial skills that add real value to eChinaMobile in the process." The
move will also strengthen eChinaCash, as the company employs its
eChinaMobile joint venture to move beyond prepaid cards and loyalty
programs to mobile product and service offerings that will appeal to
eChinaCash's current 18 million card holders. "eChinaMobile's first
program, dubbed 'Drive-Smart,' will provide an array of auto-specific
products and services, including traffic alerts, roadmaps, auto insurance
rates, car-branded merchandise, auto-supplier listings, used-vehicle price
quotes, and even short themed entertainment 'blurbs' for Chinese drivers
stuck motionless in city traffic."
"This is another important step for eChinaMobile as the Chinese economy
moves from cash to credit," said Alan Cole-Ford, Chairman of the Advisory
Board. "This should make eChinaCash an attractive strategic partner for
credit card companies, banks and mobile payment providers." The Advisory
Board will assist both the boards of eChinaMobile and eChinaCash with the
ongoing assessment of new strategic partnerships and M&A activities.
Board of Advisors:
Alan Cole-Ford - Chairman
Mr. Cole-Ford brings a very strong media background to the group. He has
run business development and corporate strategy portfolios for two of the
biggest and best-known media companies in the world, MGM/UA and Paramount.
He also played a role in the noteworthy trade sale acquisitions
($1.3b/$6.6b) of both organizations. While Exec V.P. of MGM Inc., he also
ran two of the studio's fastest-growing business units, the Consumer
Products/Licensing Group and its Interactive Media/Videogames Division. On
the heels of MGM's sale, Cole-Ford spent two years as CEO of NVST Inc., a
Seattle-based private equity research firm. Previously, he had served
nearly ten years in the Paramount organization in a variety of posts,
including V.P. of its Video Division, Senior V.P. of its Television Group,
and ultimately Vice-President of its NYC-based parent company,
Gulf+Western, leading up to its eventual acquisition by Viacom.
Debbie Gamble
With more than 25 years of business strategy experience in the
international payments area, Gamble specializes in emerging products such
as mobile, prepaid, contactless chips. She previously co-founded and served
as SVP for Strategy & Products at Dexit, Inc., a contactless prepaid
payment services company where she completed an IPO. Gamble has consulted
for a number of Fortune 500 companies such as Visa International, Visa
Canada and Bell Canada.
Dennis Bennie
Mr. Bennie is a pioneer, entrepreneur and innovator in the technology
industry. Over the past 20 years, Bennie's entrepreneurial management has
powered Mission Electronics, Ingram Canada and Delrina. In 1997, he
founded the XDL Venture Capital Fund, focusing on information technology
opportunities. The $25 million fund has yielded exceptional returns to
date. One of its most noteworthy investments was a 1997 start-up, Delano
Technology Corporation. XDL Intervest, a $150 million fund, was started in
1999 and is now fully invested. Bennie currently manages an experienced
team investing in private equity opportunities as the XDL Capital Group.
About eChinaCash
Based in Beijing, China, eChinaCash is a leading provider of affinity-based
payment cards, loyalty programs and customized database marketing solutions
for large Chinese corporations in the transportation, telecom, consumer
finance and oil industries. These programs are designed to increase product
sales, enhance brand image, and improve consumer retention, customer
loyalty and cash management control.