Idle Media Appoints Marcus Frasier as President and CEO
25 5월 2010 - 5:17AM
Business Wire
Idle Media (OTCBB: IDLM) announced
today the completion of the merger with National Golf
Emporium. In addition, Marcus Frasier has been
appointed President and CEO of Idle Media. Frasier replaces Bryan
Sawarynski, who resigned effective immediately.
Since 2004, Mr. Frasier has successfully founded several
online companies, including the very popular and successful
idleriot.com – an online media site similar to what
collegehumor.com has become - which he later sold in 2006 for an
undisclosed amount. In 2005, Idle Media was created as
the holding company. That same year Mr. Frasier
founded DatPiff.com, the number one online source for mixtapes. Mr.
Frasier has extensive knowledge and experience in Information
Technology and has been instrumental in the development of all of
Idle Media’s online companies.
“We thank Bryan Sawarynski for his professionalism during
this transition and we wish him well in the future,” said Marcus
Frasier, President and CEO of Idle Media.
Mr. Sawarynski added, “I’m very honored to have worked
with Marcus during this period. His extensive background and
knowledge in programming and information technology coupled with
his keen entrepreneurial business sense makes Marcus the ideal
candidate to lead Idle Media.”
Idle Media also filed its financials for the second
quarter ending March 31, 2010. The company reported
pro-forma consolidated revenues $518,620 and net income of $248,352
for the second quarter ending March 31, 2010. The
company’s complete filing and financial report can be accessed via
the SEC website.
Mr. Frasier further stated, “Idle Media has rolled out its
business and marketing plan. We are working on several
projects and over the next couple of weeks anticipate making
announcements regarding these exciting ventures that are in the
pipeline. We believe that completion of these projects will not
only increase revenue for the company, but also increase
shareholder value as we work towards building relationships with
the financial community to garner support in the company’s public
stock
Idle Media is a technology company that
supplies a range of Internet and communications services through
its wholly owned operating companies.
Information in this press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Without limiting the foregoing, the words
"believes," "anticipates," "plans," "expects" and similar
expressions are intended to identify forward-looking statements.
The forward-looking statements may include our future operations,
financial condition and prospects and business strategies. These
forward-looking statements are subject to certain risks and
uncertainties that could cause our actual results to differ
materially. Factors that could cause or contribute to such
differences include, but are not limited to, those discussed in
this press release or in other documents including those filed with
the SEC. We undertake no obligation to revise or publicly release
the results of any revision to these forward-looking statements.
Given these risks and uncertainties, readers are cautioned not to
place undue reliance on such forward-looking statements.
Idle Media (CE) (USOTC:IDLM)
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Idle Media (CE) (USOTC:IDLM)
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