IRVINE, Calif., March 11, 2004 (PRIMEZONE) -- Mergence Corporation (OTCBB:MRGN), a holding company that provides merger and acquisition services to companies, announced today that their wholly owned subsidiary, Oxford Media Corporation, nominated and elected Wayne Brown to serve as Vice President and Chief Operating Officer for the company.
Tom Hemingway, Chairman/CEO of Mergence Corporation, commented, "As CEO of Mergence, our shareholders expect me to find the best and most talented mangers for our company. We are certain by hiring Wayne as VP/COO, he will be able to utilize his 30 years of media experience in launching our new video ventures."
Wayne Brown has held positions as Executive Producer and Director of News Operations for several west coast TV stations such as Orange County News channel (OCN) and ABC affiliates, KGTV of San Diego and KOMO of Seattle. His involvement in television news for more than 30 years tested his ability to capture and cover numerous headline stories over the years such as the volcanic eruption of Mt. St. Helens, the riots following the 1984 World Series in Detroit, U.S. visits of Pope John Paul and Queen Elizabeth, the McDonald's Massacre, Operations Desert Storm and Desert Shield, the Exxon Valdez disaster, and the devastating Laguna Beach fire storm.
He has received numerous industry awards including Emmys, Golden Mikes, Cable Tellys, Associated Press and UPI honors. Additionally, he serves on the Public Relations Advisory Board of Chapman University and teaches classes at the University's School of Film and Television. Wayne has a BS in Speech Communications from Oregon State University.
About Mergence
Mergence Corporation, founded in 1994, is a Delaware corporation with headquarters in Irvine, California. Mergence is a parent company for wholly owned subsidiaries which are in the emerging movie-on-demand marketplace, primarily for the hotel/motel sectors and software technologies industries. Mergence provides merger and acquisition services to companies with promising services and/or products.
Safe Harbor
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, the ability to negotiate outstanding prior debts of acquired companies; properly identify acquisition partners; adequately perform due diligence; manage and integrate acquired businesses; react to quarterly fluctuations in results; raise working capital and secure other financing; respond to competition and rapidly changing technology; deal with market and stock price fluctuations; and other risks. These risks are and will be detailed, from time to time, in Mergence's Securities and Exchange Commission filings, including Forms 10-KSB, 10-QSB and 8-K. Actual results may differ materially from management's expectations.