Mobile Tornado Regulatory News (MBT)

24 Nov 2006 07:00

Mobile Tornado Group PLC24 November 2006 Mobile Tornado Group plc ("Mobile Tornado" or "the Company") Board Changes Mobile Tornado Group plc the instant communications company specialising inPush-To-Talk ("PTT") services today announces the following Board changes: • Peter Robert Wilkinson (52) joins the Company as Non-Executive Chairman but will be working closely with the Executive Directors in the delivery of Mobile Tornado's strategic plan. Peter is currently Chief Executive of InTechnology Group plc. Peter was formerly Chairman of Sports Internet Group plc which was sold to BSkyB plc for £301 million in May 2000. He also invented the free ISP model Freeserve, the internet access service which was launched by the Dixons Group plc. • Jeremy Mark Fenn (43) joins Mobile Tornado as Chief Financial Officer and acting Chief Executive. Jeremy is a qualified chartered accountant and was formerly Chief Executive of Sports Internet Group plc. Following the sale he remained as a director of Skysports.com until December 2003. Prior to this he was Managing Director of Leeds United Football Club from 1996 to 1999. He is currently a non-executive director of Yoomedia plc and a director of Pannal plc. • David Parry (56) joins the Company as VP Worldwide Sales. David brings significant strategic management and commercial leadership to Mobile Tornado. He has a demonstrable record of achievement growing sales in multi-national technology, manufacturing and distribution enterprises and for the past 6 years has worked with InTechnology plc, leading sales development in the Managed Services and IT Security divisions • Eyal Fishler (29) joins the board as Chief Technology Officer. Eyal was the original developer of the Mobile Tornado technology having previously served in a classified communications unit of the Israel Defence Force. Before working for Mobile Tornado, he was involved in developing several innovative technologies, including a three dimensional virtual reality device and a biometrics speech recognition system. • Richard Mark James (46) joins the Company as Company Secretary. Richard qualified as a solicitor with Allen & Overy in 1986 and was a Partner at Pinsent Curtis in 1991 before moving to Hammond Suddards as a Partner in 1996. Richard is also a Director and Company Secretary of InTechnology Group plc. • John Paul Swingewood (51) stands down as Executive Chairman of Mobile Tornado to become a Non-Executive Director. As previously announced on 25 September 2006, Mark Hughes resigned on 23rdOctober 2006 as Finance Director and Company Secretary to pursue other businessopportunities. The Company also announces that Christopher Akers, a Non-Executive Director ofthe Company, has resigned from the board with immediate effect. Commenting on the Board appointments Peter Wilkinson, Mobile Tornado's newnon-executive Chairman, said; "Following the conclusion of the Company's refinancing I am delighted toannounce the appointment of a new board. I have worked very closely with Jeremyand David in the past and am confident that the skill sets they bring will helpthe Company to realise its enormous potential. The introduction of Eyal onto the Board demonstrates our belief in the technicalplatform he and his team have created and my commitment to ensure that itremains at the forefront of the instant communications revolution." The contents of this announcement include the full disclosures required underSchedule 2, Para (g) of the AIM Rules. For further details please contact: Mobile Tornado Group plcJeremy Fenn, Chief Financial Officer Tel: +44 (0) 7734 475888 Corporate SynergyRhod Cruwys/John Prior / Romil Patel Tel: +44 (0)20 7448 4400 Buchanan CommunicationsCharles Ryland / James Strong Tel: +44 (0)20 7466 5000 NOTES TO EDITORS: Peter Wilkinson is currently, or has been in the past five years, a director ofthe following companies: Current: Past:InTechnology Group plc Digital Interactive Television Group LtdIntegrated Technology (Europe) Ltd The Gaming Channel Bookmakers LimitedWeb (M&E) Products Planetfootball.com LtdHolf Technologies Ltd Joe Huddlestone (Dormant) LimitedVdata Ltd Songplayer LimitedHOLF Leisure Limited Sports Internet Group plcHOLF Limited The Gadget Shop LimitedWilkinson Building Co Ltd The New Gadget Shop LimitedFirace Limited Ecom Group Technology Limited Sports Etail Limited UTV Radio (GB) Limited Voicescape Plc Voicescape Solutions Limited Channel 6 Internet Ltd Channel 6 Online Ltd Peter Wilkinson was a director of The Gadget Shop Limited and The New GadgetShop Limited, both of which went into administration in March 2005. The outcomeof the administration process is as yet unknown. Jeremy Fenn is currently, or has been in the past five years, a director of thefollowing companies: Current: Past:Eescape Holdings Limited Alliance Pharma PlcEescape Limited Auto V.I.P. Solutions LimitedInside Trace 3 LLP BSkyB Sports Holdings LimitedInteractive Television Holdings Limited Getmedia plcJade Film Partners Interactive Music Technology LtdOpal Film Partners Planet Football.com LimitedVenus Film Partners Sports Internet Group LimitedYoomedia plc Surrey Group LimitedPannal plc The Surrey Golf Company Limited David Parry is currently, or has been in the past five years, a director of thefollowing companies: Current: Past:None Celstrat Limited Dulhoe Hill Associates Limited Eyal Fishler is currently, or has been in the past five years, a director of thefollowing companies: Current: Past:None None Richard James is currently, or has been in the past five years, a director ofthe following companies: Current: Past:InTechnology Group plc Peerless Technology Group plc The Directors joining the Board have the following holdings in the Company: Ordinary shares held % of issued share Warrants Share options capital Peter Wilkinson 24,536,392 14.25 1,250,000 -Eyal Fishler 9,119,259 5.30 - 1,800,000Jeremy Fenn 7,723,271 4.49 375,000 -David Parry - - - 1,800,000Richard James 2,959,870 1.72 - - About Mobile Tornado Mobile Tornado Group plc is listed on AIM in London. It sells software licencesand services to mobile operators and enterprises worldwide through a number ofdistribution partners. These partners include Nortel and Alcatel. Mobile Tornadospecialises in providing platforms and applications in the mobile data servicesmarket including presence-based messaging, push to talk, push to video andrelated services. 10 networks are currently licensed to use the Group'stechnology and the countries served now include China, India, and Nigeria. This information is provided by RNS The company news service from the London Stock Exchange