Attached files
| file | filename |
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| 8-K - WORLDGATE COMMUNICATIONS INC | v190583_8k.htm |
| EX-10.1 - WORLDGATE COMMUNICATIONS INC | v190583_ex10-1.htm |
| EX-10.2 - WORLDGATE COMMUNICATIONS INC | v190583_ex10-2.htm |
| EX-10.3 - WORLDGATE COMMUNICATIONS INC | v190583_ex10-3.htm |
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FOR
IMMEDIATE RELEASE
MEDIA CONTACTS:
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Jennifer
Osuna
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Susan
Donahue
|
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WorldGate
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Skyya
Communications
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704-260-3375
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646-454-9378
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jennifer@wgate.com
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susan.donahue@skyya.com
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James
G. Dole joins WorldGate as Chief Financial Officer
Mr.
Joel Boyarski Announces Plans to Retire from the Company
TREVOSE, Pa. (July 13, 2010)
WorldGate, (OTCBB: WGAT.OB) a leading provider of next-generation video phone
solutions, announced today that Mr. James G. Dole has joined WorldGate as the
Company’s Chief Financial Officer, Treasurer and Senior Vice President,
Finance. Mr. Dole will replace Mr. Joel Boyarski, who will remain
with the Company in his role as the principal accounting officer and principal
financial officer until the end of August and then in a senior advisory role
until his retirement from WorldGate effective October 20, 2010.
“Over the
past decade, Joel has been an important member of the senior management team and
has been instrumental in leading WorldGate’s financial operations. I wish
Joel the very best and would like to express my very sincere appreciation for
his many significant contributions to WorldGate.” said George E. Daddis Jr., CEO
of WorldGate. Mr. Boyarski commented, “The last ten years at WorldGate
have been very rewarding for me, both personally and professionally. As
WorldGate is about to enter a new phase, I am confident that the management team
and the rest of my friends at WorldGate will continue to build on the progress
we have achieved. For me, this also marks a new beginning, and I look
forward to enjoying all the new opportunities it will bring.”
“We
are very pleased to welcome Jim to the WorldGate team,” said Mr.
Daddis. “Jim’s an enterprising, forward-thinking finance and
operations executive who brings more than 25 years of strategic planning,
mergers and acquisitions, business development, financial management and capital
markets experience to WorldGate. The fact that WorldGate continues to
attract such talented and experienced leaders like Jim is a testament to our
technology and the attractiveness of the opportunities before us.”
“I am
honored to join WorldGate and I look forward to working with my new colleagues
to build long-term shareholder value,” said Mr. Dole. “With the
recent industry announcements around video communications from companies like
Apple and Cisco, and the upcoming launch of WorldGate’s next generation video
technology platform and the Ojo Vision video phone, it’s clear to me WorldGate
is in the right place at the right time.”
James
G. Dole Biography
Prior to
joining WorldGate, Jim served as the Chief Corporate Development Officer for
EarthLink since August 2007. From February 2005 until August 2006, Mr. Dole
served as Senior Vice President of Strategic Implementation of Mpower Holding
Corporation. Prior to Mpower he worked as an independent business consultant
from January 2002 until February 2005. Mr. Dole served as Senior Vice
President of Global Access Management for Global Crossing North America from
February 2000 until December 2001. Previously he was Chief Financial Officer of
the Business Services Division of Frontier Corporation from March 1999 until
January 2000. Between 1986 and 1999, Mr. Dole held numerous management
positions at Frontier, and its predecessor Rochester Telephone.
Jim Dole
earned a M.B.A. in finance and corporate accounting from the University of
Rochester Simon School and a bachelor of science degree with distinction in
business, finance and economics from State University of New York at
Albany.
About
WorldGate
Founded
in 1996, WorldGate is a leading provider of digital voice and video phone
services and next generation video phones. In today’s increasingly busy world
where family and friends are spread throughout the globe, WorldGate unites the
lives of people in an effortless and affordable way using next generation video
communications technologies. In addition to offering the latest in video
technology, Ojo Services also provides a turn-key communication services
platform supplying complete back-end support services with best-in-class
customer service. Ojo Labs designs and develops innovative digital video phones
featuring high quality, real-time, two-way video. This unique combination of
functional design, advanced technology and use of IP broadband networks provides
true-to-life video communication. As a result, Ojo Quality video brings family
and friends closer together by offering a new way to experience
communication—through an immediate video connection allowing them to instantly
hear and see each other for a face-to-face conversation. For more information,
please visit www.wgate.com or
www.wgatephone.com.
###
This
press release may contain forward-looking statements that are made pursuant to
the safe-harbor provisions of the Private Securities Litigation Reform Act of
1995. Expressions of future goals and similar expressions including, without
limitation, expressions using the terminology "may," "plans," "expects,"
"anticipates," "forecasts," and expressions which otherwise reflect something
other than historical fact are intended to identify forward-looking statements.
These forward-looking statements involve a number of risks and uncertainties,
including the factors described in the Company's filings with the Securities and
Exchange Commission. The actual results may differ materially from any
forward-looking statements due to such risks and uncertainties. No obligation is
undertaken to revise or update any forward-looking statements in order to
reflect events or circumstances that may arise after the date of this
release.