WILMINGTON, Del., Aug. 22, 2012 /PRNewswire/ -- Interact-TV
Incorporated (OTC: ITVI) is pleased to announce that is has
appointed businessman and veteran corporate leader John E. McConnaughy Jr. to its Board of
Directors.
Mr. McConnaughy founded JEMC Corporation as his personal holding
company in 1985 and has been its Chairman and Chief Executive
Officer since 1988.
Prior to that, from 1969 to February
1986, Mr. McConnaughy was Chairman and CEO of Peabody
International Corp., an environmental products and services firm.
Mr. McConnaughy was also the Chairman and CEO of GEO
International Corp. when it was spun on from Peabody in 1981, until
October of 1992. Prior to joining Peabody in 1969, Mr. McConnaughy
served as Vice President of European Consumer Products with the
Singer Company, responsible for operations in 16 countries.
Mr. McConnaughy currently serves on the boards of Aina Le'a LLC, Anoteros, Inc., Wave Systems
Corp., Arrow Resources Development Inc. and one private company,
Kinetitec.
Mr. McConnaughy has been a director of over 15 other public and
private companies, including Oxygene, Inc., Varsity Brands,
Inc., Texstar Corporation, MAI Corporation, Pets Choice Ltd.,
Akzona Corp., First Bank Corp. (New Haven), Transact International,
Inc., and RateXchange, who changed their name to MCF Corporation,
Fortune Natural Resources Corporation, Allis Chalmers Energy Inc.
and Levcor International Inc.
Mr. McConnaughy also served as Chairman of the Board of
Trustees of the Strang Cancer Prevention Center and he is Chairman
of the Harlem School of the Arts. He is currently Chairman
Emeritus of the latter.
A graduate of Denison University
with a B.A. in Economics, Mr. McConnaughy earned his M.B.A. in
Marketing and Finance at Harvard's
Graduate School of Business Administration.
"We are very excited to have the opportunity to appoint Mr.
McConnaughy, who brings unparalleled public company experience to
our Board," said ITVI President Robert
Bryan. "Along with Alan
Brown, who we appointed earlier this year, we have added
over 75 years of corporate and finance experience to our
management. These appointments should serve notice that we are
serious not only about the growth of our businesses, but also about
our commitment to our shareholders through development of Interact
as a solid corporate entity."
Mr. McConnaughy also expressed enthusiasm at his appointment,
remarking: "Among my proudest achievements is serving as Chairman
of the Harlem School of Arts, and working with young people as they
put their talents to use in creating the future. I look forward to
my involvement with Interact as it seeks much the same purpose - to
shepherd expressions of art to as wide an audience as possible. The
marriage of sound business practice and worthy artistics is very
exciting indeed."
About Interact-TV: Interact-TV Incorporated, a publicly-traded
Delaware corporation (OTC: ITVI)
is a diverse entertainment company with interests in various media,
including recorded music products through its wholly-owned
subsidiary's subsidiary Pocket Kid Records, a Los Angeles-based record label.
For more information, please contact:
Robert Bryan, CEO
Interact-TV Incorporated
818-334-5225 x 100
info@interact-tv-inc.com
interact-tv-inc.com
pocketkidrecords.com
SOURCE Interact-TV Incorporated