MIVA, Inc. Announces the Departure of CFO & COO Lowell W. Robinson
16 3์ 2009 - 8:28PM
Business Wire
MIVA, Inc., (NASDAQ:MIVA), today announced that CFO and COO
Lowell Robinson will be leaving the company. Mr. Robinson๏ฟฝs
departure follows the asset sale of MIVA, Inc๏ฟฝs MIVA Media business
to Adknowledge, Inc. on March 12, 2009. MIVA, Inc.๏ฟฝs existing SVP
Finance / Chief Accounting Officer Mike Cutler will assume Mr.
Robinson's duties and take the new title of CFO. The changes are
effective immediately.
"Lowell made important contributions to MIVA, Inc. in its
turnaround efforts since joining in December 2006 and we wish him
the best of luck for the future," commented Peter Corrao, President
and CEO of MIVA, Inc.
"I am delighted to announce the promotion of Mike Cutler to the
role of CFO. Mike is a seasoned finance professional with an
impressive track record and a deep understanding of MIVA, Inc.'s
financial operations. I look forward to working with him as we
embark on this exciting new phase in the company's development
following the sale of MIVA Media."
Mr. Cutler joined MIVA, Inc. in December 2006, prior to which he
worked for two years as CFO at NASDAQ listed voice, video and
broadband provider, WVT Communications. Previously Mr. Cutler
worked as Finance Director at Gibraltar Steel and before that he
was SBC/Ameritech's Executive Director of Finance responsible for
managing their international telecom portfolio.
Following the sale of its MIVA Media business, MIVA, Inc. has
reduced its corporate team by over 50 percent, which includes the
transfer of 10 corporate personnel to Adknowledge, Inc.
www.mivainc.com
About MIVA, Inc.
MIVA, Inc. (NASDAQ:MIVA) is an Internet company that owns and
operates the ALOT product portfolio. ALOT's products are designed
to 'Make the Internet Easy' by enhancing the way consumers engage
with content online. The company's millions of active users utilize
ALOT to discover 'best-of-the-web' third party content, display
that content through customizable toolbar, homepage and desktop
products and deliver high value search traffic to MIVA, Inc for
in-house and third-party monetization.
Forward-looking Statements
This press release contains certain forward-looking statements
that are based upon current expectations and involve certain risks
and uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Words or expressions such as
"anticipate", "plan," "will," "intend," "believe" or "expect'" or
variations of such words and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties, and other factors, some of which are
beyond our control and difficult to predict and could cause actual
results to differ materially from those expressed or forecasted in
the forward-looking statements, including (1) our ability to
successfully execute upon our corporate strategies, (2) our ability
to develop and successfully market new products and services, and
(3) the potential acceptance of new products in the market.
Additional key risks are described in MIVA's reports filed with the
U.S. Securities and Exchange Commission, including the Form 10-K
for fiscal 2007 and our most recently filed Form 10-Q.
Miva (MM) (NASDAQ:MIVA)
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