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Key Takeaway: FOR IMMEDIATE RELEASE CONTACT: Thomas Plotts February 1, 2010 Interim CFO IR@atrinsic.com 212-273-1141 Schwartz Appointed CEO of Atrinsic NEW YORK- (February 1, 2010) (BUSINESS WIRE)-Atrinsic (NASDAQ: ATRN - News), a leading Internet marketing company, announced today th

Full Press Release Details

FOR IMMEDIATE RELEASE CONTACT: Thomas Plotts
February 1, 2010 Interim CFO
IR@atrinsic.com
212-273-1141
Schwartz Appointed CEO of Atrinsic
NEW YORK- (February 1, 2010)
(BUSINESS WIRE)-Atrinsic (NASDAQ: ATRN - News), a leading Internet marketing
company, announced today that Jeffrey Schwartz has been appointed to the
position of Chief Executive Officer. Mr. Schwartz, who has been on the Atrinsic
Board of Directors since 2008 and has acted as Interim CEO since October 2009,
will remain on the Company's Board of Directors.
Schwartz brings many years of digital media and public company experience to
Atrinsic. He was formerly president and CEO of Autoweb and Autobytel, both
Nasdaq listed companies, and is widely recognized as an innovator in digital
media and performance marketing. Mr. Schwartz formerly held various executive
positions at The Walt Disney Company. Mr. Schwartz also serves on the
Board of Directors of U.S. Auto Parts Network. He holds a bachelors, masters,
and doctorate from the University of Southern California.
Chazen, Chairman of the Board of Atrinsic, noted, "We are fortunate to have
somebody of Jeffrey's leadership and experience at Atrinsic. During
his time as Interim CEO, he has already begun to focus the company and lay the
groundwork for growth and profitability."
Schwartz noted, "Atrinsic has many important assets, including its human
capital, and I look forward to working with all the stakeholders to return the
Company to growth and profitability. Having spent the last few months
at Atrinsic, I am confident that the Company can achieve measurable near-term
results. I am also confident that our position in key market sectors,
including performance marketing, mobile and music, positions the Company for the
Inc. is a leading Internet marketing company. Atrinsic is organized as a single
segment with two principal offerings: (1) transactional services - offering full
service online marketing and distribution services which are targeted and
measurable online campaigns and programs for marketing partners, corporate
advertisers, or their agencies, generating qualified customer leads, online
responses and activities, or increased brand recognition; and (2) subscription
services - offering our portfolio of subscription based content applications
direct to consumers working with wireless carriers and other
brings together the power of the Internet, the latest in mobile technology, and
traditional marketing/advertising methodologies, creating a fully integrated
multi platform vehicle for the advanced generation of qualified leads monetized
by the sale and distribution of subscription content, brand-based distribution
and pay-for-performance advertising.
press release contains forward-looking statements. Forward-looking statements
involve known and unknown risks and uncertainties, which may cause the Company's
actual results in future periods to differ materially from forecasted results. A
number of factors, including those described in the Company's filings with the
U.S. Securities and Exchange Commission (SEC), could adversely affect the
Company. Copies of the Company's filings with the SEC are available from the
SEC, may be found on the Company's website or may be obtained upon request from
the Company. The Company does not undertake any obligation to update the
information contained herein, which speaks only as of this date.
Last updated: Feb 1, 2010