BELLEVUE, Wash., Feb. 1, 2012 (GLOBE NEWSWIRE) -- Motricity (Nasdaq:MOTR) announced that its Board of Directors has named current director James L. Nelson as the company's Chairman of the Board effective January 13, 2012. Mr. Nelson assumes the position from Lady Barbara Judge who remains on the board.
Over the course of his career, Mr. Nelson has provided executive leadership across several industries including financial services, gaming, energy and entertainment. From 1986 to 2009, Mr. Nelson served as Chairman and Chief Executive Officer of Eaglescliff Corporation, a specialty investment banking, consulting and wealth management company. In addition, Mr. Nelson was Chief Executive Officer and Co-Chairman of Orbit Aviation, Inc., from 1998 to 2003, where he engaged in the acquisition and completion of Boeing Business Jets for private and corporate clients.
"As a tested leader with proven management expertise, I'm confident that Mr. Nelson is an ideal choice to lead our Board of Directors," said Jim Smith, interim chief executive officer of Motricity. "I think Motricity stands to benefit from Mr. Nelson's extensive background in corporate development and operations as well as his deep industry knowledge in areas that are strategic to our growth as a company."
Currently, Mr. Nelson serves as a director and member of the audit committee for several companies including Take-Two Interactive Software, Inc., a global publisher and developer of interactive entertainment software products, Icahn Enterprises GP, American Entertainment Properties Corporation, Cequel Communications, an owner and operator of a large cable television system and Tropicana Entertainment Inc.
About Motricity
Motricity (Nasdaq:MOTR) empowers mobile operators, brands and advertising agencies to maximize the reach and economic potential of the mobile ecosystem through the delivery of relevance-driven merchandising, marketing and advertising solutions. Motricity leverages advanced predictive analytics capabilities to deliver the right content, to the right person at the right time. Motricity provides their entire suite of mobile data service solutions through one, integrated, highly scalable managed service platform. Motricity's unique combination of technology, expertise and go-to-market approach delivers return-on-investment for our mobile operator, brand and advertising agency customers. For more information, visit www.motricity.com or follow @motricity on Twitter.
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