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HandHeld Entertainment Announces Changes to Its Board of Directors; Former Microsoft and Sun Executive is Named Chairman of Board of Directors
SAN FRANCISCO --(Business Wire)-- Jan. 5, 2005 -- HandHeld Entertainment(TM), creator of the ZVUE(TM) personal media player and content network, today announced that Bill Keating has been named chairman of its board of directors, replacing Geoff Mulligan, who remains on the board. HandHeld's Chief Technical Officer (CTO) Carl Page was also named to its board of directors.
Keating has served as HandHeld's interim chief executive officer since Nathan Schulhof stepped down from the CEO position for health reasons. Schulhof remains a member of HandHeld Entertainment's board of directors.
Keating, a former executive with Microsoft, Sun, WebTV and Moxi Digital, is currently a founding member of Nekei, an advisory service that helps companies get real solutions to funding and operational concerns. Keating's 25 years of experience in turning new technologies into successful marketplace ventures is well documented, with seven business ventures going public or being acquired, including WebTV's sale to Microsoft for $425 million.
Mulligan is the chief operating officer for Konami of America, the fast-growing, U.S.-based subsidiary of the $1 billion Japanese developer and publisher of entertainment software.
Prior to founding HandHeld Entertainment with Garrett Cecchini, Page co-founded eGroups Inc., where he helped build a network of 14 million users who relied on eGroups to support Web-based collaborative work efforts. eGroups was eventually acquired by Yahoo! in 2000 for more than $425 million.
"I am thrilled that HandHeld has such an experienced team," Keating said. "Having the knowledge and wealth of experience these men bring is invaluable. We look forward to expanding our existing content libraries and establishing HandHeld's ZVUE personal media player firmly in the homes of consumers throughout the world."
In a separate announcement today, HandHeld Entertainment named Jeffrey D. Oscodar as its new CEO. Oscodar comes to HandHeld with almost 20 years of corporate technology and legal experience, and was responsible for introducing the first Web-enabled telephone to the industry through his work as co-founder of InfoGear Technology. That technology was later sold to Cisco Systems for more than $300 million.
"Bill is the right person for the job as HandHeld's chairman," Oscodar said. "His experience and his success in past ventures with business models that encompass both products and supporting services will carry over into this new position. In fact, when taken in concert with the previous successes of the other board members and executives, this HandHeld team has collectively helped generate more than $1.5 billion in shareholder value in four previous ventures alone."
About HandHeld Entertainment
Formed in February 2003, HandHeld Entertainment is a complete end-to-end solution provider in the portable digital media industry. The ZVUE personal media player allows users to access digital media on the go, including high-quality video content, music and digital photos. ZVUE users can download thousands of media titles and learn valuable technology trends via the HandHeld Web site. For more information, visit www.hheld.com, www.zvue.com, or call 415-495-6470.
HandHeld, HandHeld Entertainment and ZVUE are each trademarks of HandHeld Entertainment Inc.
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