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SOURCE Accelerize New Media Inc.
Company Takes First Step in Implementation of its Strategy to Position for a Major Stock Exchange Uplisting in 2015
NEWPORT BEACH, Calif., Aug. 12, 2014 /PRNewswire/ -- Accelerize New Media Inc. (OTCQB: ACLZ), owner and operator of CAKE (www.getcake.com), a marketing technology SaaS company, today announced the appointment of Michael Lin to the position of Chief Financial Officer. Mr. Lin, who joined the Accelerize in June of 2013 as Vice President of Finance, brings a wealth of financial experience to this position, particularly high growth technology companies.
"Michael's appointment to the position of Chief Financial Officer is an important step in the evolution of Accelerize, as we strategically position our company for strong business growth and begin to delineate a path to increase our corporate visibility and shareholder value. This is the first step in improving our corporate structure and governance to be ready to reach our goal of uplisting to a major stock exchange sometime in 2015 and we intend to work diligently in the coming quarters to be ready as our business continues to expand on a fast track," stated Brian Ross, President and CEO of Accelerize. "As CFO, Michael brings a unique skill set to our company in that he has experience managing dynamic young companies in multiple phases of growth including early stage development, strategic acquisitions, organization building, and eventual mergers or sales. His experience will be invaluable as we enter a new phase in our business and corporate growth."
Mr. Lin has served as CFO at several technology and software related companies including Uniloc USA, Inc. and its subsidiary Blue Cava, a market leader in device identification. At Blue Cava his responsibilities included managing three years of auditing, as well as working directly with the CEO to successfully develop a patent litigation strategy which led to a $388 million patent infringement judgment against Microsoft. He served as Vice President of Finance and a member of the board of directors of Fast Search and Transfer ("FAST"), a leader in the enterprise search and search technology space, where he led the financial evaluation and due diligence on all acquisition and joint venture targets eventually closing acquisitions totalling $50 million in deal value and multiple joint ventures with global 500 companies. During his six-year tenure at FAST the company grew from $30 million in revenue with 100 employees to $200 million in revenue with over 850 employees. In 2008 he worked to help complete the sale of FAST to Microsoft for $1.2 billion.
Mr. Lin added, "This is a very exciting time for Accelerize as we build CAKE into a leader in the fast-growing, SaaS-based enterprise performance marketing space. I believe this company has all the right ingredients to build exceptional value for shareholders. We have a cutting-edge technology addressing a significant need in a large and expanding market with a team that is dedicated to deliver optimal performance for our customers. We also have increased financial flexibility to enable us to opportunistically grow through our recently obtained $3 million credit facility with Square 1 Bank."
About Accelerize New Media Inc. (OTCQB: ACLZ)
Accelerize New Media, Inc. owns and operates CAKE, a marketing technology company that provides a SaaS-based solution to track, attribute and optimize the performance of digital marketing spend, in real-time. Bringing clarity to multi-channel marketing campaigns, CAKE empowers advertisers, publishers and networks with the insight to make intelligent marketing decisions. For more information visit http://www.accelerizenewmedia.com.
Use of Forward-looking Statements
This press release may contain forward-looking statements from Accelerize New Media, Inc. within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when we say that we intend to uplist to a major stock exchange, that we are positioning our company for strong business growth, that we are delineating a path to increasing our corporate visibility and shareholder value, that our business continues to expand on a fast track, that we address a significant need in an expanding market, that we are enabled to opportunistically grow, and that we look to rapidly expand sales and opportunistically build our business, and when we describe the size of our market, we are using forward-looking statements. These forward-looking statements are based on the current expectations of the management of Accelerize New Media only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; our technology may not be validated as we progress further; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; unforeseen market and technological difficulties may develop with our products and services; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of Accelerize New Media to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Accelerize New Media undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting Accelerize New Media, reference is made to Accelerize New Media's reports filed from time to time with the Securities and Exchange Commission.
Company Contact Information
Chairman & CEO
Ascendant Partners, LLC
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