a21 Announces Series of Strategic Initiatives; Laura B. Sachar of StarVest Partners Joins Board of Directors; Company Reincorporates in Delaware to Gain Favorable Corporate Status.JACKSONVILLE, Fla. -- a21, Inc. ("a21") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATWO), a leading online digital content marketplace, today announced a series of strategic initiatives to strengthen the organization and create the corporate structure necessary to support continued growth of the Company both organically and through acquisition. Laura B. Sachar of StarVest Partners has joined the Board of Directors, 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. Search Committee engaged with DHR DHR De Heer (Dutch: Mister) DHR Department of Human Resources DHR Department of Historic Resources (Virginia) DHR Dihydrorhodamine DHR Device History Record DHR Director of Human Resources International, and the Company has reincorporated in Delaware Delaware, state, United States Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). . "With these initiatives we strengthen our Board of Directors, provide the platform for effectively securing a CEO for the Company's next growth phase, and establish the corporate flexibility to pursue our strategy," said Albert H. Pleus, Chairman and CEO of a21. "With the addition of Laura to our team, we are adding a highly experienced and accomplished Internet visionary 1. visionary - One who hacks vision, in the sense of an Artificial Intelligence researcher working on the problem of getting computers to "see" things using TV cameras. (There isn't any problem in sending information from a TV camera to a computer. who brings valuable insight, contacts, and resources to our organization. Through our reincorporation and increase in authorized capital stock authorized capital stock The number of shares of capital stock that a business may issue. Authorized capital stock is stated in a firm's articles of incorporation; changes in it may occur only if approved by the stockholders. , we now have a capital structure that will support our acquisition strategy." Ms. Sachar, an Internet investor pioneer, brings a deep background and a vast network of relationships in the digital media industry. She is Founder and Co-Chairman of StarVest Partners, L.P., a lead investor in a21's $15.5 million private placement, which included a $5 million investment from Morgan Stanley In addition to being a member of a21's Board, Ms. Sachar is on the Board of Newgistics and MessageOne and was an active Observer on the Board of Connected Corporation prior to its being acquired by Iron Mountain. In 1992, she founded Sachar Capital, Ltd., a financial advisory firm specializing in digital media, where she worked with leading visionary entrepreneurs and investors. During her financial merchant banking and venture capital experience, she identified investments in several high performing digital media companies. Prior to founding StarVest, she was responsible for direct venture capital investments at Gabelli Securities, Inc. "a21, Inc. has done a tremendous job in developing an online digital content marketplace for the professional creative community," said Ms. Sachar. "The a21 platform offers unlimited potential to grow as an efficient resource for photographers, artists, designers, publishers, and others seeking compelling content that adds value to finished product." As an investor in StarVest, Douglas W. McCormick, formerly the Chief Executive Officer of iVillage, has joined the a21 search committee to identify a CEO for a21's next phase of growth. Previously, Mr. McCormick engineered the merger of iVillage and Women.com Networks, Inc., creating the number one online media company for women. iVillage was recently sold to NBC Universal NBC Universal is a media and entertainment company formed in May 2004 by the combination of General Electric's NBC with Vivendi Universal Entertainment (part of the French Media Group, Vivendi SA). GE owns 80% of NBC Universal with the remaining 20% owned by Vivendi SA. for $600 million. He brings 20-plus years of accomplishment and leadership in the entertainment, broadcast, and new media industries. McCormick joins other search committee members including Pleus, Sachar, C. Donald Wiggins, a21 Director, and industry luminary Philip N. Garfinkle, who previously served as CEO and Co-founder of PictureVision, which was acquired by Kodak, and is a21's Interim President and COO (Cell Of Origin) See mobile positioning. . The Committee is working with DHR International, a top-five search firm, which has already been engaged by a21 to lead a national search for a CEO for the next phase of the Company's growth. As part of the reincorporation, a21 filed a merger agreement on July 31, 2006. This merger effected a change in a21's state of incorporation from Texas to Delaware. In addition, the Company's increased authorized capital stock from 100,100,000 shares, consisting of 100,000,000 of common stock, par value $0.001 per share, and 100,000 shares of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , par value $0.001 per share to 200,100,000 shares, consisting of 200,000,000 shares Common Stock and 100,000 shares of Preferred Stock. About a21: a21 (www.a21group.com) is a leading online digital content marketplace for the professional creative community. Through SuperStock (www.superstock.com; www.superstock.co.uk; and www.purestockx.com), Ingram Publishing (www.ingrampublishing.com), and ArtSelect (www.artselect.com), a21 delivers high quality images, art framing, and exceptional customer service. a21 and its companies, with offices in Florida, Iowa, 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 , and the United Kingdom, provide a valuable and viable choice to photographers, artists, photography agencies and other customers in the stock image, art and wall decor industries. The statements contained in this press release contain certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , including statements regarding a21, Inc.'s expectations, intentions, strategies, and beliefs regarding the future. All statements contained herein are based upon information available to a21, Inc.'s management as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" and actual results may vary based upon future events, both within and without the control of a21, Inc.'s management. |
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