MIVA Announces New Nominees to Its Board of Directors; Elections to Take Place at the MIVA Annual Meeting of Shareholders to Be Held on August 16, 2006.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 -- MIVA MIVA Maximum In-feasible Value Assignment , Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MIVA), a leading independent online advertising network, today announced new nominees to the MIVA board: Peter A. Corrao, MIVA's chief executive officer, Mark W. Opzoomer, Dr. Adele Goldberg and Joseph P. Durrett. Elections will take place at MIVA's annual meeting of shareholders to be held on August 16, 2006. Peter A. Corrao Peter A. Corrao is chief executive officer for MIVA, Inc. and served as chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at MIVA from September 2005 to April 2006. Corrao has more than 25 years of executive-level general management experience, most recently serving as chief executive officer for Bluestreak.com, Inc., a global online direct marketing technology firm. Before Bluestreak, he served as president and chief executive officer for Cogit Corporation, a privately held online marketing company. Prior to Cogit, Peter spent 17 years at Advo Inc., most recently as President of National Accounts Marketing. Advo is the largest full-service direct mail marketing company in the U.S. and is NYSE-listed. Mark W. Opzoomer Between 2001-2003, Mark W. Opzoomer served as regional vice president and managing director for Yahoo! Europe. He is currently managing partner of Bond Capital Partners Limited, a provider of late stage structured finance to mid-market companies in Europe and provides growth advice through Hilvern Management Limited, to clients such as Rambler ram·bler n. 1. One that rambles: tourists and Sunday ramblers on the village streets; a conversational rambler. 2. A type of climbing rose having numerous red, pink, or white flowers. Media, Web Reservations International, blinkx.com and garlik. Before joining Yahoo! Opzoomer held senior roles at Xtempus, TalkCast Corporation, SEGA (company, games) SEGA - manufacturer of video game hardware and software. Usenet newsgroup: news:rec.games.video.sega. Europe, Virgin Communications and Autonomy. Dr. Adele Goldberg Dr. Adele Goldberg is a founder and director of Neometron, Inc., a consultancy that specializes in knowledge management to support the operations of virtual organizations. Dr. Goldberg currently serves as the chief information officer for Celtic Pharma Development Services. She was founding chief technology officer for Agile Mind, Inc., an educational technology company from 2002-2006. Prior to forming Neometron, Dr. Goldberg was the founding chief executive officer and chairman of the board of ParcPlace Systems, Inc. ParcPlace was formed as a spin off from the Xerox Palo Alto Research Center Palo Alto Research Center - XEROX PARC , where Goldberg was a research laboratory manager and principal scientist. She holds a PhD and an MS in Information Sciences from the University of Chicago and a BA in Mathematics from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. . Joseph P. Durrett Joseph P. Durrett began his career in marketing at Procter & Gamble. From there he moved to Kraft Foods where he held the position of senior vice president for worldwide sales. Durrett left Kraft to become president and chief operating officer for Advo, Inc., America's largest direct mail company. Subsequent roles included chairman and chief executive officer of Information Resources, Inc., a leader in supplying market research to the worldwide consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and industry and chief executive officer of Broderbund Software, a leader in family productivity and entertainment software. Durrett is currently a member of one other public board and chairman of a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . In addition to the four nominees, current board members standing for reelection re·e·lect also re-e·lect tr.v. re·e·lect·ed, re·e·lect·ing, re·e·lects To elect again. re include Larry Weber, chairman; Gerald W. Hepp, lead independent director; Seb Bishop, president of MIVA; Charles P. Rothstein, director; and Lee Simonson, director. "We are continuing to build on the recent management changes at MIVA and each of the four Board nominees brings with them a strong background and vision that will become an instant asset to the Company," said Larry Weber, chairman. "Our proposed new board represents a range of complimentary disciplines and the right combination of industry experience, vision and leadership to ensure MIVA's progress and set the Company on to the most beneficial course for the future." About MIVA MIVA (NASDAQ:MIVA) is a leading independent online advertising network, dedicated exclusively to helping businesses grow. MIVA connects millions of buyers with sellers at exactly the right place and time. MIVA delivers qualified leads to advertisers, helps maximize revenue for partners, facilitates commerce for online merchants and provides relevant information to customers. The Company operates in North America, Europe and Asia. Forward-looking Statements This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Words or expressions such as "plan," "intend," "believe" or "expect" or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including (1) our ability to successfully execute upon our corporate strategies, and (2) our ability to attract and retain qualified key personnel. Additional key risks are described in MIVA's reports filed with the U.S. Securities and Exchange Commission, including the Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for fiscal 2005 and our most recently filed Form 10-Q Form 10-Q See 10-Q. . (R)Registered trademark of MIVA, Inc. |
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