The e-retailer reports a $126 million net loss, stemming from a $640 million year-over-year increase in spending in the quarter on technology and content ...
Augme Technologies, Inc. today announced the resignation of Tom DeLuca, Chief Operating Officer of Augme, effective October 1, 2012.
NEW YORK, NY--Oct 22, 2012 - Augme Technologies, Inc. (OTCBB: AUGT) ("Augme"), a technology and services leader in interactive media and mobile marketing and mobile advertising, today announced the resignation of Tom DeLuca, Chief Operating Officer of Augme Technologies, Inc. and its wholly-owned subsidiaries, Hipcricket, Inc. and Geos Communications IP Holdings (the "Company"), effective October 1, 2012. In conjunction with his resignation, Mr. DeLuca and the Company entered into a Severance and General Release Agreement dated October 17, 2012.
"In the short time Tom was with us, his management contributions and mobile marketing insights were considerable," said Robert F. Hussey, Chief Executive Officer. "However, Augme's previously announced restructuring precluded an on-going role for a COO. Given these circumstances, Tom's early departure nonetheless relieves the company of a two-year employment contract and its heavy financial burden going forward. The Company wishes Tom well in his future endeavors."
About Augme Technologies, Inc.
Augme Technologies, Inc. (OTCBB: AUGT) provides strategic services and mobile marketing technology to leading consumer and healthcare brands. Selling its products and services under the Hipcricket brand, Augme's platform has provided measurable successes in over 225,000 campaigns for its clients, which include many of America's brand-name leaders (e.g., Macy's, MillerCoors and Clear Channel) in a variety of industries, along with their agencies.
Augme's offerings allow marketers, brands, and agencies to plan, create, test, deploy, and track mobile marketing programs across every mobile channel, including SMS, MMS, 2D/QR codes, mobile websites, advertising networks, social media and branded apps. Augme's AD LIFE®platform facilitates consumer brand interaction and the ability to track and analyze campaign results. Using its own patented device-detection and proprietary mobile content adaptation software, AD LIFE® solves the mobile marketing industry problem of disparate operating systems, device types, and on-screen mobile content rendering. Augme also provides business-to-consumer solutions, including national mobile couponing campaigns, strategic mobile healthcare tools, custom mobile application development, and consumer data tracking and analytics. In addition to AD LIFE®, Augme in 2011 acquired the assets of Hipcricket, Inc. and JAGTAG, Inc. and licenses the digital broadcast platform BOOMBOX®. Augme is headquartered in New York City, with operations in Seattle, Atlanta, Dallas, Los Angeles, San Francisco, Chicago, Miami and Tucson. For more information visit www.augme.com or www.hipcricket.com.
Augme Technologies, Hipcricket, Augme, AD LIFE, BOOMBOX, AD SERVE and the Augme logo are trademarks of Augme Technologies, Inc. All rights reserved. 2009-12.
This release includes forward-looking statements. All statements regarding the expected results of our restructuring and our expected future financial position, including management's revenue guidance, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," " and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in Augme's Form 10-K for the year ended February 29, 2012 and more recent reports and registration statements filed with the SEC. Augme Technologies, Inc. is under no obligation (and expressly disclaims any such obligation) to update or alter such forward-looking statements, whether as a result of new information, future events or otherwise.
- Investor Relations Contact:
Stephanie Prince / Jody Burfening
firstname.lastname@example.org or email@example.com
Public Relations Contact: