TORONTO--(Marketwire - February 19, 2008) - JumpTV Inc. (
TSX:
JTV) (
AIM:
JTV), a leading
broadcaster of sports and international television over the Internet,
announced that it has rounded out its new executive team to help execute
the Company's recently announced strategic plan. Key additions to the
Company's executive team include: Blair Baxter, chief financial officer;
Elmer Sotto, vice president, product and business operations; and Jay
Howard, vice president and general counsel. JumpTV has appointed Nada
Usina to president of JumpTV Inc. from president of JumpTV Sports. All of
these executives will primarily be located in the company's Toronto
headquarters.
Blair Baxter will serve as chief financial officer commencing in April
2008, when interim chief financial officer, Jason Reid, transitions out of
his current position. Mr. Baxter will be responsible for all aspects of
financial compliance, reporting and accounting. Prior to joining JumpTV,
Mr. Baxter served as chief financial officer at Burntsand, Inc., a publicly
traded business consulting and technology services firm. Prior to that,
Mr. Baxter held the role of president at Choreo Systems Inc.
Elmer Sotto will serve as vice president, product and business operations.
He will be responsible for creating and implementing the company's product
strategy with a particular focus on enhancing user engagement,
interactivity and satisfaction. Prior to joining JumpTV, Mr. Sotto acted
as head of marketplace development at eBay Canada where he was instrumental
in establishing the eBay's leading online presence in Canada. Mr. Sotto
also launched and ran Compaq Canada's e-commerce service.
Jay Howard will serve as vice president and general counsel beginning in
March 2008. In this role, Mr. Howard will be responsible for providing
strategic counsel and overseeing all legal matters affecting the company.
He will also serve as the Company's corporate secretary. Prior to joining
JumpTV, Mr. Howard was corporate counsel at CTV Bell Globemedia, one of
Canada's largest private broadcasters. He also served as legal counsel at
724 Solutions after beginning his career at McCarthy Tetrault.
"To successfully execute against our new strategic focus and to ensure
JumpTV maintains its position as an industry leader, we were looking to
enhance our executive team with thought leaders who could help us realize
the potential of our new vision for the company," said Jordan Banks, chief
executive officer of JumpTV. "Blair, Elmer and Jay bring to JumpTV a
wealth of experience which will make them invaluable additions to our newly
constituted executive team."
Banks continued, "One of the keys to our future success at JumpTV will be
to continue to work closely with our partners in monetizing and expanding
our portfolio of high-value sports and Hispanic content. To that end,
Nada Usina's expanded role as president will be one where she leverages her
long history of success maximizing the value of online and mobile
properties through her experience at companies that include Broadcast.com,
Yahoo!, and Nokia. As one of the most admired executives in this space,
Nada is perfectly positioned to flourish in her new role."
Banks also noted "We are grateful to Jason Reid who agreed to act as our
interim CFO back in early 2007. Jason has played an important role in
JumpTV's evolution having served admirably since May 2005."
As previously outlined in the Company's new strategic plan, JumpTV will
aggressively focus on attaining profitability. With its new executive team
in place and its new strategy ready to be executed, the Company has
targeted cash break-even on a monthly basis by the end of 2008.
A shareholder call is scheduled for Thursday, Feb. 21, 2008 at 9 a.m. ET.
Call in numbers are as follows:
Toronto Local / International: +1-416-849-2698
North American Toll-Free: 1-866-400-2270
UK Toll-Free: 0808-234-1382
The company also announced it will be delivering its 2008 financial results
on March 26, 2008. Call in details will be provided at a future date.
About JumpTV
JumpTV (
http://www.jumptv.com,
http://www.collegesportsdirect.com) is a world leading broadcaster of
sports and international television over the Internet. JumpTV streams over
10,000 live sports events per year in partnership with over 175 sports
properties and also streams over 250 television channels from 70+ countries
around the world. JumpTV delivers its users full-screen sports, news and
entertainment content on a real-time basis to all corners of the globe via
ordinary Internet connections on their home computers and laptops.
Forward-looking statement
Certain statements herein may constitute forward-looking statements,
including those identified by the expressions "may," "will," "should,"
"could," "anticipate," "believe," "plan," "estimate," "potential,"
"expect," "intent" and similar expressions to the extent they relate to
JumpTV or its managements. These statements reflect JumpTV's current
expectations and are based on information currently available to
management. These forward-looking statements are subject to a number of
risks, uncertainties, assumptions and other factors that could cause actual
results or events to differ materially from current expectations, including
the matters discussed under "Risk Factors" contained in JumpTV's prospectus
(admission document) dated August 1, 2006 and the matters discussed under
"Risk Factors" contained in JumpTV's final short form prospectus dated
February 19, 2007. These forward-looking statements are made as of the date
hereof, and JumpTV assumes no obligation to update or revise them to
reflect new events or circumstances.
Contact Information: Contact:
Public Relations Contact:
Lewis Goldberg
KCSA Strategic Communications
T: 1.212.896.1216
Investor Relations Contact:
G. Scott Paterson
Executive Chairman
JumpTV Inc.
T: 416-368-6464
Chris Bowman
Andrew Chubb
Canaccord Adams Limited
+44 207 050 6500