LONDON, Nov. 7, 2008 (GLOBE NEWSWIRE) -- ROK Entertainment Group Inc. (OTCBB:ROKE), the mobile entertainment company, today announces it has undergone a process of re-alignment to include a management reorganization.
Laurence Alexander, who joined ROK as CEO in June 2007, will leave the company while Jonathan Kendrick, the original founder of ROK, will return as CEO.
"This change of leadership has been reached amicably and by mutual agreement," said Kendrick, "and we thank Laurence for all his efforts and wish him well for the future."
Founded in 2004, ROK has developed a portfolio of revenue-generating mobile technologies, applications and services which it licenses to mobile operators and handset manufacturers worldwide. Best known for its high-quality, mass-market streamed mobile TV solution, ROK also provides mobile email services and data-compression technologies amongst other services.
"ROK is well placed to continue our rapid deployment of our mobile services and products and we look forward to an exciting time of growth and development," added Kendrick.
ROK Entertainment Group, founded in 2004, is a global mobile entertainment group. ROK has filed more than 40 international patents for its suite of revenue-generating mobile technologies, applications and services.
With 3.3 billion mobile handsets in use worldwide -- forecast to grow to 5.8 billion by 2013 -- the mobile entertainment industry is a multi-billion dollar business.
The ROK Entertainment Group logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5361
Forward-Looking Statement
The information contained in this new release, other than historical information, consists of forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those described in these statements. Forward-looking statements regarding the timing of developing, testing and releasing existing and new products, of marketing and selling them, of deriving revenues and profits from them, as well as the effects of those revenues and profits on the Group's margins and financial position, are uncertain because many of the factors affecting the timing of those items are beyond the Group's control.