VANCOUVER, Jan. 12, 2016 - VidWRX Inc. (TSX-V:VID) ("VidWRX" and/or "the Company"), the pioneer of scalable cloud-based video production solutions, is pleased to announce that it has appointed Steve Hancock as its new President and Chief Operating Officer effective as of today's date. George Fleming will resign as President of the Company but will remain its Chief Executive Officer.
Mr. Hancock's responsibilities will include oversight of the Company's current operations and business development initiatives, with a particular focus on taking the company's video production solutions to market within the agency, internet marketing and corporate channels.
Steven Hancock is a veteran advertising and marketing executive, entrepreneur and advisor with unique experience in the online video production space and a strong track record building successful online and digital media based businesses. Mr. Hancock was a pioneer of SaaS based video production management as the founder and CEO of Adbeast after spending over 17 years as an advertising and marketing executive in Canada, the US and the UK with TBWA/Chiat Day.
Adbeast was an early pioneer of online video production management and collaboration and provided a range of critical ad industry workflows including creative development, project management, video production, and digital media archiving. The company successfully grew into a widely respected SaaS digital asset management company used globally by over 250 major advertisers, agencies and production companies including Anheuser Busch, Sears, Ogilvy and DDB. In 2010 Adbeast was acquired by DGFastChannel, the North American leader in broadcast advertising distribution services.
Mr. Hancock began his career in advertising working in London after first competing for Great Britain as a member of the British Olympic kayak team. Moving to North America he then spent over 17 years with TBWA/Chiat Day, one of the most creative and progressive global advertising agencies, in increasingly senior strategy and management roles in San Francisco, New York and Toronto including 6 years as CEO of TBWA/Chiat Day Canada where he worked with major advertisers including Nissan, American Express, Microsoft and TDBank.
After leaving Adbeast in 2012 Mr. Hancock began advising and coaching high growth potential technology based companies focused on marketing, advertising, market research and ecommerce.
"We are extremely excited to welcome Steve to the VidWRX management team," stated George Fleming, Founder and Chief Executive Officer of the Company. "His experience and track record as both an advertising industry executive and the former founder and CEO of a successful SaaS video production management platform make him the ideal candidate to lead our operations and go to market efforts. With first mover advantage and accelerating growth in demand for scalable video production solutions we see the opportunity ahead for VidWRX as truly remarkable."
Founded in 2006 as SoMedia Networks, VidWRX is an industry pioneer, providing scalable video production services to marketers and digital agencies in any volume, anywhere in North America. Combined with its online platform and proven processes, VidWRX' expert production teams ensure exceptional customer service and affordable, high quality videos.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Certain information contained in this document may include "forward-looking information". Without limiting the foregoing, the information and any forward-looking information may include statements regarding the closing of the Offering, the filing of a preliminary and final prospectus and the use of proceeds of the Offering. In this document, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or the Company management's good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements made in this press release, see the section entitled "Risks and Uncertainties" in the Management's Discussion and Analysis of the Company for its most recent interim financial statements filed with the Canadian securities commissions. The forward-looking information set forth herein reflects the Company's expectations as at the date of this press release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, other than as required by law.
The Company does not intend, nor does it undertake, any obligation to update or revise any forward-looking information or statements contained in this document to reflect subsequent information, events or circumstances or otherwise, except as required by applicable laws.
SOURCE VidWrx Inc.
Image with caption: "VidWrx Inc. (CNW Group/VidWrx Inc.)". Image available at: http://photos.newswire.ca/images/download/20160112_C9774_PHOTO_EN_44603.jpg
For further information:
George Fleming, CEO
Greg Werbowski, VidWrx
Tel: 604.683.5510 ext. 590
Investor Relations / Howard Group
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