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8-K - FORM 8-K - Ancestry.com Inc. | c11228e8vk.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Ancestry.com elects Facebooks Mike Schroepfer to Board of Directors
PROVO, Utah, January 20, 2011 Ancestry.com Inc. (Nasdaq: ACOM), the worlds largest online
family history resource, today announced the addition of Mike Schroepfer to its board of directors.
Schroepfer, currently Vice President of Engineering at Facebook, becomes Ancestry.coms eighth
director and increases the independent majority on the Board. He has been appointed as a Class II
director and will stand for re-election at the next annual stockholder meeting.
Im incredibly pleased to welcome Mike Schroepfer to our board, said Tim Sullivan, Chief
Executive Officer of Ancestry.com. As the senior engineer for one the worlds great internet
product and technology platforms, Mike can help us as we seek to make our service even more amazing
and useful for anyone interested in who they are and where they came from.
Ancestry.com has built a wonderful product and a great business, said Mike Schroepfer. Im
excited to join the board at a time when the company has such an opportunity to further build out
its product experience. I look forward to working with the board and Ancestry.coms management
team as the company pursues its unique mission.
As Vice President of Engineering at Facebook, Schroepfer leads the companys engineers who write
the code used by hundreds of millions of people each day. Before Facebook, Mike was the Vice
President of Engineering at Mozilla Corporation, where he led the global and open product
development process behind Firefox. He was formerly a distinguished engineer at Sun Microsystems,
which acquired his company, CenterRun. He began his career working at various start-ups including a
digital-effects software company, where software that he built was used in several major motion
pictures. Schroepfer holds a bachelors degree and a masters degree in computer science from
Stanford University and has filed two U.S. patents.
About Ancestry.com
Ancestry.com Inc. (Nasdaq: ACOM) is the worlds largest online family history resource, with nearly
1.4 million paying subscribers. More than 6 billion records have been added to the site in the
past 14 years. Ancestry users have created more than 20 million family trees containing over 2
billion profiles. Ancestry.com has local Web sites directed at nine countries that help people
discover, preserve and share their family history, including its flagship Web site at
www.ancestry.com.
Forward-looking Statements
This press release contains forward-looking statements. These statements relate to future events
or to future financial performance and involve known and unknown risks, uncertainties, and other
factors that may cause our actual results, levels of activity, performance, or achievements to be
materially different from those anticipated in these forward-looking statements. In some cases,
you can identify forward-looking statements by the use of words such as appears, may,
designed, expect, intend, focus, seek, anticipate, believe, estimate, moving,
predict, potential, should, continue or work or the negative of these terms or other
comparable terminology. These statements include statements describing our subscriber base, our
reach, our activities to enhance subscribers experience, our activities to promote our products,
our business outlook, our leadership position, our opportunities, our personnel and prospects for
growth. These forward-looking statements are based on information available to us as of the date
of this press release. Forward-looking statements involve a number of risks and uncertainties
that could cause actual results to differ materially from those anticipated by these
forward-looking statements. Such risks and uncertainties include a variety of factors, some of
which are beyond our control. In particular, such risks and uncertainties include difficulties
encountered in integrating acquired businesses and retaining customers; failure of our products or
technologies to continue to meet customer demand; the adverse impact of competitive product
announcements; changes in overall economic conditions; the loss or inability to attract key
employees; competitors actions; pricing and gross margin pressures; and the inability to control
costs and expenses.
Information concerning additional factors that could cause results to differ materially from those
projected in the forward-looking statements is contained under the caption Risk Factors in our
Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2010, and in discussions
in other of our SEC filings.
These forward-looking statements should not be relied upon as representing our views as of any
subsequent date and we assume no obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information, future events, or otherwise.
For more information:
Investors:
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Media: | |
Ancestry.com Inc.
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Ancestry.com Inc. | |
Ryan Ostler
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Heather Erickson | |
(801) 705-7942
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(801) 705-7104 | |
rostler@ancestry.com
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herickson@ancestry.com |