SAN FRANCISCO, Feb. 20, 2006 (PRIMEZONE) -- Tribeworks, Inc. (OTCBB:TWKB) today announced the appointment of Mr. B.S.P. "Paddy" Marra to the Board of Directors.
Mr. Marra, current Tribeworks, Inc. CFO, has over 30 years of corporate finance experience, including, recently with FreshXtend Technologies Corp. (Canada) (now Deputy Chairman), CFO of the Brierley Investments Limited group (which he oversaw growth from small beginnings to a $6B USD Assets investment conglomerate based out New Zealand), and Chairman, Chamundi Power Corporation 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.
"Mr. Marra is an excellent CFO, and we are extremely pleased to have him joining our Board of Directors, especially with his wealth of experience in corporate finance. His years of experience will further strengthen our growth objectives," said Peter Jacobson, Tribeworks, Inc. CEO.
This release shall not constitute an offer to sell or the solicitation of an offer to buy securities to/from any person, nor shall there be any sale of these securities in any jurisdiction in which it is unlawful to make such an offer or solicitation. A number of statements in this press release are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors described in the Company's filings with the SEC. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.