World Class Business Development and Financial Management Executive Joins Madison Ave. Media Advisory Board
03 Diciembre 2010 - 6:00AM
Marketwired
Madison Ave. Media, Inc. (OTCBB: KHZM), today announced that Bernie
Rice has joined its Advisory Board, bringing his Internationally
respected experience and expertise to corporate leadership as the
company continues its rapid growth.
Madison Ave. Media Chairman Stephen Molinari commented, "Bernie
has been a trusted friend and advisor since the company was
founded. Knowing that he will continue that role plus expand his
involvement with our Madison Ave. Media Advisory Board is a
tremendous asset to the company."
Mr. Rice began his career with IBM in sales and held various
sales leadership positions until 1983 when he entered IBM's finance
fraternity. His work in business case structure and portfolio
analysis led him to a role as IBM's Finance Director for
Application Software in 1985. He was promoted several times that by
1989 he was appointed Director of Finance, Planning and
Administration for IBM's Southern Area. In that role, Mr. Rice was
responsible for the staff functions of a $3 Billion business and he
was instrumental in positioning IBM's Southeast Region as the
leader in billable services.
Mr. Rice became Chief Financial Officer and General Partner for
the IBM Venture Capital Group in 1993 and then Vice President of
Business development for IBM's Consumer Division in 1998. There he
managed projects like IBM's partnership with Berkshire Hathaway and
Hallmark for the development of its breakthrough on-line research
and learning platforms.
Mr. Rice also served as CEO of Edmark Inc, the IBM subsidiary
that developed innovative educational software for children. In
2000, he orchestrated the spin-off of IBM's education content
assets into Riverdeep Inc. and he contributed to Riverdeep becoming
the fastest growing educational software company in the nation.
Today Riverdeep has educational products in some 45,000 schools in
over 20 countries.
In late 2003, Mr. Rice left Riverdeep and co-founded Best
Practice Networks Inc. Today Best Practice Networks is a leading
innovator of easy-to-use on-line learning technology for K-12
students and adult career education students. Mr. Rice is currently
also creating dedicated companies and partnerships to scale the
success of these technologies. For example, he recently co-founded
Educational Partners, which now markets educational software and
workbooks in 20 languages for children 3 to 9 years of age.
It was in the context of seeking to build such partnerships that
Mr. Rice entered discussions with Globe-Allianz LLC. These
discussions led to the idea of employing the Globe-Allianz
platforms to build affordable but smart homes and communities for
the disadvantaged, both in the United States and overseas; and to
use endowment and government funding to bring technology enhanced
advanced educational services for both children and adults around
the world.
In 2008, the Globe-Allianz Development Group was formed and
Globe-Allianz committed itself to the philanthropic educational
programs being suggested by Mr. Rice. The quid pro quo was that he
became a Partner and the Chief Financial Officer of the
Globe-Allianz Development Group.
About Madison Ave. Media Madison Ave.
Media, Inc. is an advanced digital media company that provides
products and services that connect traditional media with digital
and organic media exposure opportunities. Our integration of
branding, marketing and communications into the ever changing
digital media space includes extensive data base aggregation and
targeting, forward-looking mobile messaging capabilities, highly
deliverable E-mail service solutions, evolving digital media
technologies including Social Media and Search Engine Marketing
plus business intelligence analysis systems that keep client
promotional objectives on target and on budget.
Caution Concerning Forward-Looking
Statements: This document includes certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements regarding Madison Ave.
Media's ability to improve their services, create new business
models and content-owner opportunities, integration plans, the
expected timing for the closing of the acquisition and the plans to
operate Firefly independently. These statements are based on the
current expectations or beliefs of management of Madison Avenue
Media, and are subject to uncertainty and changes in circumstances.
Actual results may vary materially from those expressed or implied
by the statements herein due to (1) changes in economic, business,
competitive, technological and/or regulatory factors, (2) failure
to receive regulatory approval for the acquisition, (3) failure to
compete successfully in this highly competitive and rapidly
changing marketplace, (4) failure to retain key employees, (5)
other factors affecting the operation of the respective businesses
of Madison Ave. Media. More detailed information about these
factors may be found in filings by Madison Ave. Media, as
applicable, with the Securities and Exchange Commission, including
their respective most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q. Madison Ave. Media is under no
obligation to, and expressly disclaims any such obligation to,
update or alter their respective forward-looking statements,
whether as a result of new information, future events, or
otherwise.
Contact: To arrange an interview with Chairman Stephen
Molinari, please contact: Dan Lancer 561-549-3112
danl@madisonavemedia.com
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