VANCOUVER, Jan. 12, 2016 /CNW/ - VidWRX Inc. (TSX-V:VID) ("VidWRX" and/or "the Company"), the pioneer of scalable
cloud-based video production solutions, is pleased to announce that it
has appointed Steve Hancock as its new President and Chief Operating
Officer effective as of today's date. George Fleming will resign as
President of the Company but will remain its Chief Executive Officer.
Mr. Hancock's responsibilities will include oversight of the Company's
current operations and business development initiatives, with a
particular focus on taking the company's video production solutions to
market within the agency, internet marketing and corporate channels.
Steven Hancock is a veteran advertising and marketing executive,
entrepreneur and advisor with unique experience in the online video
production space and a strong track record building successful online
and digital media based businesses. Mr. Hancock was a pioneer of SaaS
based video production management as the founder and CEO of Adbeast
after spending over 17 years as an advertising and marketing executive
in Canada, the US and the UK with TBWA/Chiat Day.
Adbeast was an early pioneer of online video production management and
collaboration and provided a range of critical ad industry workflows
including creative development, project management, video production,
and digital media archiving. The company successfully grew into a
widely respected SaaS digital asset management company used globally by
over 250 major advertisers, agencies and production companies including
Anheuser Busch, Sears, Ogilvy and DDB. In 2010 Adbeast was acquired by
DGFastChannel, the North American leader in broadcast advertising
distribution services.
Mr. Hancock began his career in advertising working in London after
first competing for Great Britain as a member of the British Olympic
kayak team. Moving to North America he then spent over 17 years with
TBWA/Chiat Day, one of the most creative and progressive global
advertising agencies, in increasingly senior strategy and management
roles in San Francisco, New York and Toronto including 6 years as CEO
of TBWA/Chiat Day Canada where he worked with major advertisers
including Nissan, American Express, Microsoft and TDBank.
After leaving Adbeast in 2012 Mr. Hancock began advising and coaching
high growth potential technology based companies focused on marketing,
advertising, market research and ecommerce.
"We are extremely excited to welcome Steve to the VidWRX management
team," stated George Fleming, Founder and Chief Executive Officer of
the Company. "His experience and track record as both an advertising
industry executive and the former founder and CEO of a successful SaaS
video production management platform make him the ideal candidate to
lead our operations and go to market efforts. With first mover
advantage and accelerating growth in demand for scalable video
production solutions we see the opportunity ahead for VidWRX as truly
remarkable."
About VidWRX
Founded in 2006 as SoMedia Networks, VidWRX is an industry pioneer,
providing scalable video production services to marketers and digital
agencies in any volume, anywhere in North America. Combined with its
online platform and proven processes, VidWRX' expert production teams
ensure exceptional customer service and affordable, high quality
videos.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any securities in the United States.
The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
Certain information contained in this document may include
"forward-looking information". Without limiting the foregoing, the
information and any forward-looking information may include statements
regarding the closing of the Offering, the filing of a preliminary and
final prospectus and the use of proceeds of the Offering. In this
document, words such as "may", "would", "could", "will", "likely",
"believe", "expect", "anticipate", "intend", "plan", "estimate" and
similar words and the negative form thereof are used to identify
forward-looking statements. Forward-looking statements should not be
read as guarantees of future performance or results, and will not
necessarily be accurate indications of whether, or the times at or by
which, such future performance will be achieved. Forward-looking
statements and information are based on information available at the
time and/or the Company management's good-faith beliefs with respect to
future events and are subject to known or unknown risks, uncertainties,
assumptions and other unpredictable factors, many of which are beyond
the Company's control. For additional information with respect to these
and other factors and assumptions underlying the forward-looking
statements made in this press release, see the section entitled "Risks
and Uncertainties" in the Management's Discussion and Analysis of the
Company for its most recent interim financial statements filed with the
Canadian securities commissions. The forward-looking information set
forth herein reflects the Company's expectations as at the date of this
press release and is subject to change after such date. The Company
disclaims any intention or obligation to update or revise any forward
looking statements, whether as a result of new information, future
events or otherwise, other than as required by law.
The Company does not intend, nor does it undertake, any obligation to
update or revise any forward-looking information or statements
contained in this document to reflect subsequent information, events or
circumstances or otherwise, except as required by applicable laws.
SOURCE VidWrx Inc.
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