IndieMV Media Group Targets Strategic Mergers and Acquisitions and Continues to Expand Board
IndieMV Appoints Additional Strategic Board Member to Enhance
Strategy as Company Targets Acquisitions
NEW YORK--(Business Wire)--
IndieMV Media Group, Inc. (OTCBB:IDMV), a company that is
pioneering new business models and social media sites for the
distribution, licensing, and marketing of digital media, today
announced that in addition to the appointment of Mr. Adrian J. Palmer,
P.Eng., ICD.D to its Board of Directors, the Company has targeted
several potential acquisitions as part of its growth strategy.
IndieMV CEO, Ricardo Khayatte Jr., made the announcement. Mr.
Khayatte stated, "We welcome Mr. Palmer to the Board and are looking
forward to both his contributions and drawing on his extensive
experience with public companies as we target potential acquisitions
and joint ventures as part of our growth strategy."
Mr. Palmer has over thirty years of wide experience in management,
board governance and business strategy. Mr. Palmer holds a degree in
Mechanical Engineering and graduated from Northwestern University with
an MBA. For many years, he was a partner in Western Management
Consultants, a leading Canadian consulting firm, and chaired that firm
for 5 years. Since 2002, Mr. Palmer has served as a corporate director
and senior advisor to a number of companies, engaged in manufacturing,
distribution, engineering, environmental services and mineral
exploration, with operations in Canada, the USA and internationally.
Mr. Palmer is a member of the Institute of Corporate Directors and
holds the ICD.D designation. He is a member of the board of directors
or advisory board of Layfield Group of Companies, ECS Electrical Cable
Supply Ltd. and EBA Engineering Consultants. He is a senior advisor to
several other companies and a former director of several companies and
community organizations.
Mr. Palmer stated, "As an early investor in IndieMV, I am
committed to seeing this company succeed. In particular, I look
forward to sharing my experience with the Board in evaluating and
advancing the growth strategy, through both organic and acquisition
means. IndieMV's unique and widely acknowledged business model,
together with its core management team give the company an exciting
base on which to build shareholder value."
The Company recently announced the Board appointment of Sherwin
Lim. Mr. Lim has a vast and extensive background in commercial and
investment banking and maintains a proven history in the formation and
development of successful global businesses and international
interests. With Mr. Lim's strong relationships throughout the
Philippines and Asia, the Company plans on using the Philippines as
the entry point into the Asian marketplace, which would provide a
stable and viable footing for expansion into the rest of Asia.
"Safe Harbor" Statement under Private Securities Litigation Reform
Act of 1995
This press release contains certain forward-looking statements
based on the Company's current expectations, forecasts and assumptions
that involve risks and uncertainties. Forward-looking statements
include statements regarding the Company's expectations, beliefs,
intentions or strategies regarding the future and can be identified by
forward-looking words such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "should," "will," and "would"
or similar words and include statements regarding the planned and/or
anticipated benefits to users of the Company's products and the timing
of distribution of such products. Forward-looking statements in this
release are based on information available to the Company as of the
date hereof. The Company's actual results may differ materially from
those stated or implied in such forward-looking statements due to
risks and uncertainties associated with the Company's business, which
include the Company's ability to execute its business strategy and the
other risk factors disclosed in filings with the Securities and
Exchange Commission. The Company assumes no obligation to update the
information included in this press release, whether as a result of new
information, future events or otherwise.
IndieMV
Ricardo Khayatte Jr., President, CEO
Investor Information: 778-317-1383
Copyright Business Wire 2008
