LOS ANGELES and LONDON, Nov. 27, 2007 (PRIME NEWSWIRE) -- IPTV Corporation (Pink Sheets:IPTV) ("IPTV" or the "Company") has announced the appointment of wireless technology pioneer Jeff Hultman as its Chief Executive Officer and as a member of its Board of Directors.
"I am thrilled to join IPTV Corporation as its CEO at this pivotal time," Hultman said. "The online video revolution is only in its infancy, and IPTV is well positioned to be a market leader in successfully monetizing online video." Hultman continued, "I have built two emerging technology businesses to over $1 billion in market capitalization, and hope to achieve similar success with IPTV. I believe these prior successes will serve me well in building shareholder value for the Company."
"Internet Protocol Television and video commerce are poised to have a profound impact on consumer behavior in the years ahead. The opportunity in online video is similar to the dawn of the wireless industry. I look forward to leading IPTV Corporation on a path towards innovation and future success," Hultman said.
Mr. Hultman is a veteran of the wireless, industry having served as CEO of PacTel Cellular (now Verizon Wireless) from 1987 to 1991. During his tenure as CEO, revenues increased from $100 million to over $1 billion in three years. He also helped direct PacTel's successful efforts to expand into West Germany and the United Kingdom.
In 1991, Mr. Hultman became CEO of Dial Page, Inc., a wireless provider throughout the Southeastern United States. After taking Dial Page public, he successfully negotiated the sale of the business to both MobileMedia Communications and Nextel Communications, Inc. in two transactions collectively valued at over $1 billion.
Mr. Hultman received both his Bachelors Degree and Masters in Business Management from the University of California, Davis. He currently serves as a director on the board of several organizations including Comarco Inc., an Irvine, CA-based wireless performance engineering company.
About IPTV Corporation
IPTV Corporation is an interactive television company based in Los Angeles that is developing innovative video commerce technologies for use on wireless, satellite and broadband-based Internet protocol television platforms. Additional information about IPTV Corporation can be be found at www.iptvcorp.tv .
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Forward-Looking Statements
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements.