Directorate Change

17 Apr 2007 07:01

Mobile Streams plc17 April 2007 Mobile Streams Plc - Change of Directors Mobile Streams Plc ("Mobile Streams" or "the Company") announces today theappointment of James Colquhoun as Finance Director, with effect from theCompany's AGM on 21 May 2007. James will be replacing Jitesh Sodha who isleaving Mobile Streams to join a private equity business. James Colquhoun is a qualified Chartered Accountant of England and Wales, whojoined Mobile Streams in June 2006 as Group Financial Controller. Prior tojoining Mobile Streams, James was European Financial Controller at CinramInternational Inc, the largest producer of pre-recorded multi-media and relatedlogistic services. Jitesh will be joining Aloe private equity, which specialises in environmentalinvestments, to lead the growth of one of their investments. Roger Parry, Chairman, said "I would like to congratulate James on hisappointment. He has done an excellent job for Mobile Streams over the past 10months and has a detailed understanding of the business. He has worked closelywith Jitesh and they will continue to work closely on a smooth transition up tothe forthcoming AGM. On behalf of the whole Board I want to thank Jitesh forthe huge contribution he has made in establishing and building Mobile Streamsover the past 2 years and wish him luck with his new opportunity. " Jitesh Sodha, CFO, said "I have thoroughly enjoyed my time at Mobile Streams andtake great satisfaction in the company's performance. I am sad to leave agrowing company with good management and a lot of potential, but I look forwardto following Mobile Streams' success from the perspective of a shareholder". Simon Buckingham, CEO of Mobile Streams added: "I would like to thank Jiteshpersonally and on behalf of all the staff for his accomplishments at MobileStreams. In two years, Jitesh developed the accounting function within thecompany and managed the IPO process. He leaves the company with a solid globalfinance team that can scale as the company grows. I am delighted that James hasagreed to move up from Group Financial Controller to Finance Director and lookforward to his contribution as we seek to increase the operational analytics andmetrics we use to maximize returns from the retailing of mobile content." James Arthur Colquhoun, 31, has held the following company directorships in thepast five years: Mobile Streams Asia Limited (retired). About Mobile Streams Mobile Streams is a leading provider of music, comedy, sport and entertainmentcontent to handsets and other wireless devices, whose mobile expertise anddistribution platform, "Vuesia," is used globally by some of the world's largestmedia groups and mobile phone networks including Vodafone, and 3 in the UK,America Movil, Movistar & TIM in Latin America, Fido & Rogers in Canada andDobson in the US. "Vuesia" is Mobile Streams' full service enterprise mobile media managementsolution. "Vuesia" facilitates content ingestion, management, delivery, billingand reporting. The Company creates, licenses and delivers quality content to Mobile NetworkOperators (MNOs) and consumers in the form of ringtones, graphics, video clipsand other products. It has developed relationships with both content owners andMNOs which enable it to act as an intermediary, providing an end-to-end serviceencompassing a broad range of elements from content licensing to contentproduction, account management and channel management. Mobile Streams has subsidiaries in Germany, the US, Argentina, Brazil, Mexico,Chile, Colombia, Australia and Hong Kong and has approximately 100 employees. For more information please go to www.mobilestreams.com. Enquiries: Mobile Streams Roger Parry, Chairman Simon Buckingham, Chief Executive Officer Simonb@mobilestreams.com Jitesh Sodha, Chief Financial Officer Tel: 0207 395 2002 jiteshs@mobilestreams.com This information is provided by RNS The company news service from the London Stock Exchange