NEW YORK--Sept. 9, 2004--24/7 Real Media, Inc. (Nasdaq: TFSM), a pioneer in interactive marketing and technology, announced today that Jeff Marcus has joined the company as senior vice president-Technology Solutions. As senior vice president-technology solutions, Marcus will be in charge of global technology development. He will report to 24/7 Real Media`s Chairman and Chief Executive Officer David J. Moore.
Marcus succeeds Tony Schmitz, who will assume the new role of Director of Worldwide Technology Solutions, where he will continue to assist the Company with the development of its roadmap and strategy for technology products. Mr. Schmitz has also joined the Company`s board of directors.
Marcus joins 24/7 Real Media from Mirror Image Internet, a leading adaptive network that provides advanced content delivery, streaming media and Web computing solutions for e-businesses. During his four years at Mirror Image Internet, Marcus was vice president of streaming media and also served as vice president of operations.
Before joining Mirror Image, Jeff Marcus was vice president of global networking at DoubleClick. He previously also headed up global networking for KPMG, was vice president of operations at Global Enterprise Services (formerly the John von Neumann Supercomputer Center and an original National Science Foundation Regional ISP), manager of network planning at United Parcel Service and a software engineer for IBM. Jeff holds a B.S. in Electrical Engineering from Stevens Institute of Technology.
David J. Moore, chairman and chief executive officer of 24/7 Real Media, said, "Jeff Marcus has the background that will keep 24/7 Real Media in the vanguard of technological developments in the interactive industry. By successfully developing technological tools that leverage the analytical capabilities of interactive advertising and forging a seamless system for delivering the most effective ads, 24/7 Real Media is realizing its promise to work for publishers and advertisers to define the new frontiers of the industry. Jeff Marcus will ensure our continued progress."
He added, "We are delighted that Tony Schmitz will continue his strategic role in all of our technology development efforts and has also joined our Board. Since he joined 24/7 Real Media in early 2003, Tony has spearheaded the transformation of our Open AdSystem(TM) platform into the industry-leading suite of applications and has ensured that all critical development and operational processes are under way and self-sustaining."
Schmitz has almost 20 years of experience as a successful entrepreneur and technologist. Previously, he was a founder and CEO of Insight First, a New York-based Web analytics company acquired by 24/7 Real Media in 2003. Prior to Insight First, he was a managing partner at MarchFirst (formerly USWeb/CKS) in New York and Dallas, where he led a team that revamped American Airlines` entire Internet technology infrastructure.
Schmitz said, "In the last year and a half 24/7 Real Media`s technology department has made great progress and I am confident it will continue to do so in the future under Jeff Marcus. I am excited about becoming part of the Board of Directors and look forward to continuing to work to ensure 24/7`s continuing leadership in ad serving, analytics and other activities."
About 24/7 Real Media, Inc.
24/7 Real Media, a pioneer in interactive marketing and technology, targets and delivers audiences for publishers and marketers. Our customers generate increased revenue and profits through media and search services, coupled with one seamless platform of serving, targeting, tracking and analytics technologies. The company is headquartered in New York, with offices in other major U.S. cities, Canada, Europe and Asia. For more information, please visit www.247realmedia.com.
Caution concerning forward-looking statements:
This news release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management`s current expectations and are naturally subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained herein due to changes in economic, business, competitive and/or regulatory factors. More detailed information about those factors is set forth in our filings with the Securities and Exchange Commission. In addition, the following factors, among others, could cause actual results to differ materially from those described herein: enhanced competition, the potential for impairment of relationships with employees or major customers, loss of faith in Internet advertising, international risks, and other economic, business, competitive and/or regulatory factors affecting the businesses of 24/7 Real Media. All information in this release is as of September 9, 2004. The Company is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
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