VANCOUVER, Jan. 12, 2016 /CNW/ - 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."
About VidWRX
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.
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