Catalyst CEO John Durham Joins GoFish Board of Directors
SAN FRANCISCO – November 7, 2007 – GoFish Corporation
(OTCBB: GOFH.OB), a leading internet video and youth entertainment network,
today announced that John Durham, CEO and managing partner of Catalyst and
former president of Jumpstart Automotive Media, has been appointed to its board
of directors. Throughout his
distinguished career, Durham has been a pioneer in online advertising and
interactive marketing, creating some of the world’s largest and most successful
advertising networks.
Durham was a part of the senior management team at Jumpstart
Automotive Media, an online vertical advertising network focused exclusively on
the automotive industry, which in April 2007 was acquired by Hachette
Filipacchi Media U.S. for a purchase price of approximately $110 million. At Carat Fusion, one of the world’s largest digital
marketing agencies, Durham served as executive vice president heading up Business
Development for the organization, which generates billions of dollars in annual
ad bookings for major corporations such as Adidas, Radio Shack and Philips
Electronics. Additionally, he has been
directly responsible for building the world’s largest Internet ad
representation and online sales company, Winstar Interactive/Interep
Interactive.
“John is a tremendous addition to our Board of Directors
and his leadership experience with online advertising and marketing companies is
second to none,” said Tabreez Verjee, president of GoFish. “Drawing from his wealth of experiences at
some of the world’s leading agencies, marketing firms, and ad networks will be
extremely valuable to GoFish as we continue to build our ad-supported
distribution network.”
The announcement follows recent news that GoFish had
estimated preliminary revenues for the third quarter of 2007 of approximately
$485,000 (unaudited), which were derived primarily from advertising that was
sold across GoFish’s growing network of youth- and teen-focused publishers.
“GoFish is rapidly becoming one of the premiere online entertainment
networks, and its focus on the underserved youth vertical is timely and
compelling, particularly as the category is becoming increasingly valuable to advertisers,”
said Durham. “With its direct ad sales
force and growing publisher network combined with the depth and breadth of its
library of video content, GoFish is well positioned to scale its network and its
revenues.”
Currently Durham is CEO and Managing Partner at Catalyst,
which specializes in connecting emerging technology companies, publishers and
brand marketers facilitating the integration of paid media, non-paid media and
emerging media. Mr. Durham has been teaching advertising and marketing classes
since 1992 and currently teaches advertising in the MBA program at the
University of San Francisco. He also founded and is the president of the Bay
Area Interactive Group, an Internet industry-networking group.
About GoFish Corporation
GoFish Corporation, (OTCBB: GOFH) headquartered in San Francisco, is a leading consumer online video destination that, in two years, has grown to deliver millions of videos per month to a rapidly growing audience of enthusiasts. An early entrant into the user-generated video sector and the first publicly traded company in the space, GoFish is a place on the web where millions of people come to upload, share and watch their favorite videos from around the world. For more information about the company, go to www.gofishcorp.com.
Safe Harbor Statement
This press release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements in this release are
generally identified by words such as "believes,"
"anticipates," "plans," "expects,"
"will," and "would," and similar expressions that are
intended to identify forward-looking statements. Forward-looking statements
involve known and unknown risks, uncertainties and other factors that may cause
the actual results, performance or achievements of GoFish Corporation (the
“Company”) to be materially different from any future results, performance or
achievements expressed or implied by forward-looking statements. Investors are
cautioned that forward-looking statements are not guarantees of future
performance, results or events and that undue reliance should not be placed on
such statements. Forward looking statements include, but are not limited to,
the Company’s ability to become a premiere online entertainment network, the
Company’s ability to scale its network and its revenues, estimates of the Company’s revenues for the
third quarter and the Company’s ability to build its ad-supported distribution
network. Actual events may differ materially from those
mentioned in these forward-looking statements because of a number of risks and
uncertainties, including but not limited to: the Company’s ability to maintain
and strengthen the Company’s brand; the Company’s ability to achieve or
maintain commercial acceptance of the Company’s channels or programming; the
Company’s ability to attract advertisers; the risk of the Company losing key personnel;
general economic, business and industry risks and conditions affecting the
Company; and the level and intensity of competition in the online video
industry. Additional discussion of these and other factors affecting the
Company’s business and prospects is contained in the Company’s periodic filings
with the Securities and Exchange Commission. The Company undertakes no
obligation to publicly update or revise any forward-looking statements or to
make any other forward-looking statements, whether as a result of new
information, future events or otherwise unless required to do so by the
securities laws. Investors are referred to the full discussion of risks and
uncertainties associated with forward-looking statements and the discussion of
risk factors contained in the Company's filings with the Securities and
Exchange Commission. These filings are available on a website maintained by the
Securities and Exchange Commission at www.sec.gov.