AllDigital Names Mark Walsh as an Independent Director to Its Board of Directors
February 13 2014 - 5:00AM
AllDigital Holdings, Inc. (OTCBB:ADGL), recently recognized as one
of Streaming Media Magazine's "Streaming Media 100," which honors
the most innovative and influential companies in the online video
industry, has announced the addition of a new, independent board
member, Mark Walsh, to the Board of Directors.
"We continue to move forward in our efforts to build a
world-class management team and board of directors," said Paul
Summers, chairman and CEO of AllDigital. "Mark brings extensive
global experience including in brand marketing, operations and
scalable sales organizations. We anticipate that Mark will work
closely with our new Executive Vice President of Sales, Michael
Linos, to guide us in building a globally recognized digital media
brand focused on ultra low latency solutions."
Mr. Walsh held the position of Executive Vice President of Sales
and Chief Customer Officer for Hostess Brands, LLC from March 2009
to December 2013. Prior to Hostess Brands, Walsh worked in numerous
international divisions of PepsiCo for approximately 20-years in
senior executive positions gaining significant experience in global
brand building, operations, and sales management. Walsh has a BS
from the Oregon State University in industrial engineering.
"AllDigital has a number of technologies that could have
revolutionary applications in the consumer products marketplace,"
said Walsh. "By getting ahead of consumer purchasing decisions, the
applications for ultra low latency forms of data delivery could be
game changing for forward looking consumer product and service
brands."
Paul Summers, CEO of AllDigital added, "Many retail locations,
such as large grocery chains, already generally know who you are,
what products you like and can provide alternative product ideas
via mailers or coupons at checkout. Unfortunately, by the time the
consumer has selected their favorite brand and is in the process of
paying, the follow-up coupon or mailer has virtually non-existent
odds of changing the immediate consumer's purchasing decision."
Summers added, "In a future shopping experience, it's possible that
a consumer brand could not only display a near real time video
advertisement of their competitive benefits to a mobile device or
connected television, but could also make expert recommendations
(such as dietary considerations) based on real time feedback from
"wearables" (e.g., Google Glass) and other intelligent, connected
devices such as mobile phones. Mark has decades of experience and
channel relationships that are capable of making this vision a
reality. We look forward to his leadership as we focus on
developing game changing consumer brand experiences for both
national brands and their target markets."
Forward-Looking Statements
This release may contain forward-looking statements as well as
historical information. Forward-looking statements, which are
included in accordance with the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995, may involve
risks, uncertainties and other factors that may cause AllDigital's
actual results and performance in future periods to be materially
different from any future results or performance suggested by the
forward-looking statements in this release. These risks and
uncertainties include, without limitation, whether AllDigital will
be successful in building a globally recognized digital media brand
focused on ultra low latency solutions and whether AllDigital's
solutions will have revolutionary applications in the consumer
products marketplace. In addition, other risks are identified in
the Company's most recent Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q filed with the SEC. Such forward-looking
statements speak only as of the date of this release. The Company
expressly disclaims any obligation to update or revise any
forward-looking statements found herein to reflect any changes in
company expectations or results or any change in events.
About AllDigital: AllDigital Inc., a leader in
digital broadcasting solutions, is the developer of AllDigital
Cloud, a content management system (CMS), focused on the
virtualization of digital content. AllDigital Cloud empowers
enterprises to stream content across multiple devices including
mobile, desktop and digital television, providing total control
over the global distribution of digital media assets. Mainly
serving media and entertainment companies, enterprise brands,
non-profit and government organizations, AllDigital sets itself
apart by offering highly scalable and ultra-low latency (ULL)
digital broadcasting solutions, including cloud storage, origin
transit, content management solutions, integration services and
related customer support. AllDigital Cloud provides high-speed data
transfer, scalable storage, encoding / transcoding, VoD, linear
programming, and real time reporting.
Copyright (C) 2014. AllDigital, Inc. All rights reserved. All
marks are the property of their respective holders.
For more information on AllDigital, please visit
http://www.alldigital.com/.
CONTACT: Email: pr@alldigital.com
Phone: 949.250.0701
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