David Lalich Joins AdOne as President & CEO.NEW YORK--(BUSINESS WIRE)--Sept. 2, 1997-- Advertising and Media Industry Veteran Sees Significant Opportunities for AdOne In Convergence of Communications, Media and Computer Industries AdOne Classified Network, Inc., the industry's leading online solutions provider for publishing classified ads on the Web, today announced that David Lalich has joined the company as president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Lalich brings with him a broad skill set representing over 20 years experience in the advertising, new media and entertainment industries -- including senior executive positions with AdValue Media Technologies and Westinghouse Broadcasting Company Noun 1. broadcasting company - a company that manages tv or radio stations company - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage" . The announcement caps a year during which AdOne has added a number of experienced executives in key areas including sales and marketing. This pool of talent, now led by Lalich, will manage the company as it continues its rapid growth, and builds on its leadership position in the online classified advertising market. "This is a very exciting moment in the expanding, global marketplace," Lalich commented. "Traditional media, communications technologies and the computer industry are converging, opening new markets and creating significant new opportunities. AdOne is very well positioned to take advantage of these opportunities." "The management team has already put in place a strong network of partnerships with traditional publishers on the Internet that provides an ideal platform for building a business that can grow beyond the limits of conventional print advertising and services," Lalich continued. "Building on these partnerships, we can expand our product and service offerings, and play a significant role in determining where emerging tools, technologies and media will lead us in the new, interactive online marketplace." AdOne's Steve Brotman, who will continue to have a strong leadership role in the company as chairman, said, "David Lalich has the expertise and skill set AdOne needs to help move us to the next level as a dynamic, growing business. David is a seasoned deal maker. He knows how to create and maintain the kinds of mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" partnerships that are at the core of AdOne's success. He's also seen media and advertising from the perspectives of both the small startup company The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. and the large corporation. That range of experience will prove invaluable as we move forward." Ray Rothrock, general partner of Venrock Associates, an AdOne investor added, "It's rare to find a CEO whose qualifications fit as well as David's do with AdOne. He's strong on a number of key levels -- as a media visionary with a financial background, an alliance maker and an organization builder. We're certain that he will make an important contribution by leading AdOne to expand its market leadership." Most recently, David Lalich was president and CEO of AdValue Media Technologies, a new media company that created the first electronic commerce network devoted to online, interactive buying and selling of advertising. Lalich helped to grow the company from an early startup to commercial success. Under his guidance, the volume of ads delivered by AdValue grew from $64 million in 1993 to $1.4 billion in 1996. Prior to AdValue, Lalich was a senior executive for Westinghouse Broadcasting Company. Over a 21 year tenure at Westinghouse, he held positions ranging from senior vice president of sales and marketing at Target Marketing Group to vice president and CFO See Chief Financial Officer. of the Westinghouse Television Station Group and corporate controller at the company's headquarters. Founded in March 1995, AdOne Classified Network (www.adone.com) is the Web's leading provider of online classified solutions for the publishing industry. The clear market share leader in online classified solutions, AdOne has formed alliances with nearly 100 publishers representing some 500 publications with a nationwide print readership of more than 34 million. AdOne hosts the Web's most comprehensive network of online classifieds and has served more than three million cumulative online ads to date -- featuring employment, automotive, real estate, business opportunities, collectibles and merchandise for sale. AdOne's innovative products and services help publishers put their classifieds online and enable them to generate new revenue in days rather than months of lead time. Publications using AdOne solutions include The Albuquerque Journal The Albuquerque Journal, also known as ABQ Journal, is the largest newspaper in New Mexico. It is published Monday through Saturday mornings as the Albuquerque Journal, and Sunday mornings as the Sunday Journal. , The Spokesman-Review, Spokane, WA, The Lancaster Newspapers Located in the city of Lancaster, Pennsylvania, Lancaster Newspapers Inc. was founded by the Steinman family. The company owns the county's three newspapers: Intelligencer Journal, Lancaster New Era, Sunday News , Lancaster, PA, The Press Democrat, Santa Rosa Santa Rosa, city, Argentina Santa Rosa, city (1991 pop. 80,629), capital of La Pampa prov., central Argentina. It is a modern city and road junction surrounded by a rich agricultural and cattle-raising area. , CA and the Fayetteville Observer- Times, Fayetteville, NC. A closely-held, venture-backed firm, AdOne is based in the heart of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's Silicon Alley An area in New York that has become known for its companies devoted to multimedia and the Internet. It is located in Manhattan's "Soho" district, which does not stand for Small Office Home Office, rather it is SOuth of HOuston Street. , with regional offices in Atlanta, Chicago, Dallas-Ft. Worth, Philadelphia, and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . For more information, contact AdOne at 1-800-555-4231 or sales@adone.com . URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : www.adone.com CONTACT: Parker, Nichols & Company, Inc. Brenda Nichols or Patrick McShane Patrick George McShane (born 18 April 1858 at Keilor, Victoria; died 11 December, 1903 at Kew, Victoria) was an Australian cricketer who played in 3 Test matches between 1885 and 1888. McShane is rare in that he was a Test match umpire before he played in a Test match. (508) 369-2100 pmcshane@parker-nichols.com |
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