SAN DIEGO, CA--(Marketwire - January 21, 2011) - CommerceTel Corporation (
Most recently, Schneider was chief executive officer of Genea Energy where he transformed a legacy building control system integration business into a leading, software-as-a-service (SaaS) smart building company, increasing sales by more than 42% and almost doubling gross margins. Before Genea, he served as president of the Small and Medium Enterprise (SME) Hosting Business Unit at publicly traded Verio, where he built a profitable, premier global service company serving 1 million SMEs in 140 countries as the world's largest domain-based hosting company and provider of e-commerce enabled websites. He has also held C-level and senior executive positions with wireless companies AllCall and Cellular One.
"I'm very excited to have Doug join the Company as a Director," stated Dennis Becker, CEO. "Very few people have the background and proven experience in hyper-growth business models that Doug has, and it's a huge testament to CommerceTel's market position and growth strategy that he has agreed to serve on our Board."
Mr. Schneider also serves as an investment advisor to Pelion Venture Partners, an early-stage private equity investment group, and is currently CEO of Transaction Wireless, a leading provider of virtual and mobile gift cards. He graduated from the University of California, Davis, with a bachelor's degree in mechanical engineering and received his MBA from the Kellogg School of Management at Northwestern University.
"I've been a huge supporter of CommerceTel since its inception back in 2006," said Mr. Schneider. "It's a natural evolution to extend my involvement to the Board level now that the Company has entered the public markets and is poised to execute a very aggressive growth strategy. As a Director, I look forward to assisting in the Company's success."
For more information, please visit http://www.commercetel.com.
CommerceTel is an award-winning provider of proprietary mobile marketing technologies and the inventor of C4, a unique, enterprise-grade platform empowering brands to engage mobile consumers via multiple channels. The only system of its kind, C4 is a cloud-based solution providing broad mobile communications and extensive CRM features. It is integrated with multiple tier-one PSTN/ IP carriers and micropayment processing facilities as well as with carrier premium SMS billing systems.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Statements including words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets as well as the Risk Factors disclosed in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 27, 2010. Further information on CommerceTel's risk factors is contained in its filings with the Securities and Exchange Commission. CommerceTel does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Liviakis Financial Communications