PITTSBURGH, May 6, 2015 (GLOBE NEWSWIRE) -- WhereverTV Broadcasting Corp. (OTC:TVTV), a leader in delivering Over the Top (OTT) subscription television services to a variety of devices including Connected TVs, streaming media players, smartphones and TabletPCs, today announced that the Board of Directors has appointed Rene Morissette to the positions of Chief Financial Officer and Treasurer, effective April 25, 2015. Additionally, the Chief Executive Officer has appointed Mark Knauf CPA as the company's Controller.
Under the new leadership of Edward D. Ciofani, CEO, the company has announced its intentions to build the depth and breadth of its management team and size of its Board of Directors in order to pursue several simultaneous agendas. The additions of Mr. Morissette and Mr. Knauf are tantamount to the agenda items of fiscal stewardship, corporate compliance at both the state and federal levels, and preparing for an up-listing from the pink sheets trading venue. The company is considering listing options with the OTC Bulletin Board and others. The company has pledged to keep stakeholders informed of these and other forthcoming agenda items.
As Chief Financial Officer and Treasurer, Rene Morissette brings an extensive financial background including 35 years' experience in business accounting, tax accounting and financial consulting for public and private companies. Mr. Morissette's 35 year background includes 14 years' concurrent experience as an Officer and/or Director to various Boards of Directors in the private and public sectors. Additionally, Rene has 21 years' experience as Senior Auditor with the Department of Defense and 7 years' experience as a Revenue Agent with Internal Revenue Service. Mr. Morissette earned a Bachelor's Degree with Honors from the University of South Florida and also attended graduate school. Please visit the company website for more information.
Commenting on his appointment, Mr. Morissette said, "To play a part in something this big, this timely and this important to so many will truly be exciting. I look forward to adding all the value I possibly can."
In preparation for increased compliance, an up listing to a prominent exchange and imminent aggressive sales and marketing efforts, the company has also appointed Mark Knauf to the position of Controller. Mr. Knauf has been a Certified Public Accountant for 22 years with a financial background in business accounting, tax accounting and financial consulting. He is formerly the CFO of Amscott Financial and a graduate of the Fisher School of Accounting, University of Florida. Mr. Knauf stated, "It's great to be a part of such a dynamic team of professionals and such a revolutionary and timely technology. I intend to add all the value I possibly can."
For more background information about WhereverTV, please click: Internet TV, Over the Top, WhereverTV, or OTC Markets.
About WhereverTV Broadcasting Corporation (Symbol: TVTV)
Founded in 2007, WhereverTV is the next generation subscription television service providing consumers with live-streaming, genre-specific, and in-language viewing choices from around the world, delivered to anywhere in the world, and through any internet enabled device. Programming is identical to existing broadcast and distribution providers with the only differences being that the broadcast signals are accessed through the internet via an over the top (OTT) platform, and channel management is handled by company's patented Interactive Program Guide (IPG) technology. WhereverTV provides an economically beneficial and completely versatile alternative to traditional cable and satellite services, with the added benefits of personalization and portability. Also known as Internet TV, WhereverTV delivers these same channels, shows and events to SmartTVs and digital media receivers including: GoogleTV, AppleTV, Roku, Amazon FireTV, iPhone, iPad, iPod Touch, Droid Smartphone, and TabletPCs. The WhereverTV platform enables subscribers to access licensed and free-to-air content across these devices with the IPG across unlimited geographies, and wherever there is internet connectivity. The customer viewing experiences are based on customer location (geo-targeting) and content-rights management (subscriptions). Current in-language subscription offerings include Arabic TV, French TV, Italian TV, and Moroccan TV. Current genre specific subscriptions include NEWS channels, faith based channels and more. Apps are presently available for free in App Stores for iOS (Apple), Android, GoogleTV and Amazon FireTV devices. DVR functionality to record your shows and view later is presently in the works. Licensed US TV content subscriptions will be available in 2015. Please visit: www.wherever.tv, for more info.
This news release contains forward-looking statements, which may not be based on historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable securities laws, the Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.