Las Vegas, NV - October 31, 2013 - Mindpix Corporation (OTCPINK: MPIX) ("Mindpix" or the "Company"), a technology driven media services and entertainment company focused on owning, creating and/or managing multi-platform music, entertainment, sports and US Hispanic properties, today announced that the company has tapped digital media industry guru Adam Cohen as its new Chief Scientist. Cohen was previously the Founder and Chief Executive Officer of Global Media Services, a company focused on enabling corporations to generate revenue from live and on-demand video streaming applications through a vast portfolio of managed media services, including ad insertion, pay-per-view, syndication, digital rights management, mobile video and applications, content management, and transaction processing and clearing.
Cohen comes to Mindpix with over 19 years of experience and a proven track record of revenue and value creation in both the public and private sectors. Cohen has a rich history in the business dating back to 1995, when he founded and served as Chief Executive Officer of New York-based Live On Line. Live On Line became an early pioneer in the production, and delivery of streaming and rich media over the Internet, producing some of the largest streaming broadcasts and events for customers such as Apple Computer, Arista Records, Comedy Central, Fox, Microsoft, MTV and Sony Music. Live On Line was acquired by Digital Island in January of 2000 where Cohen remained and continued to deliver some of the largest live streaming media entertainment events on the Internet, such as AC/DC, the American Express Blue Concert Series, Backstreet Boys, Britney Spears, Metallica, Madonna, N*SYNC, O-Town, and Pink Floyd.
When Digital Island was acquired by Cable and Wireless, Cohen served as its Chief Media Officer responsible for the overall vision and strategy of their global Media Services business. His tenure with Cable and Wireless’ included facilitating and supporting a $121MM run rate business in less than twelve months. He also participated in the acquisition, negotiation, and contracting of numerous target companies, technologies and transactions which were successfully integrated into Cable and Wireless globally.
Most recently, Cohen founded and held the position of Chief Executive Officer of Global Media Services, which was acquired by Catalyst Media Group in September of 2003 and taken private in 2005. There he and his team were responsible for revenue development, strategy events movement, managing intellectual property and content rights, and technology for a major media and sports companies including Fox, MTV Networks/Nickelodeon, Conde Nast Publications, Big Ten Networks & Speed, Formula1 and over 105 well-known, leading entertainment and media Companies.
As Chief Scientist, Cohen will oversee all technical and engineering elements of the MPIX business including technology development, service delivery for clients and MPIX-productions. He will also maintain full P&L for the Company’s burgeoning Media Services business and work closely with the its Business Development team to support revenue and new product development.
Victor Siegel, Chief Executive Officer and President of Mindpix Corporation, commented, “I'm thrilled to have Adam joining us at Mindpix. He's been successfully consulting for us for several months on some major opportunities so I'm happy to have him full time as an integral part of our management team. Having known and worked with Adam for over 10 years, in my opinion, he is one of the leading minds in on-line video streaming and integrated media services. Not only has Adam grown similar companies in both the private and public sectors, but his background complements Mindpix strategy and sector focus -Music/Entertainment, Sports and US Hispanic markets – very nicely. Adam's expertise, existing intellectual property, and software applications will provide MPIX and our customers with the enhanced capabilities t profit from their ever expanding media services and on-line streaming media needs.”
Mr. Siegel continued, “One of Adam’s first initiatives will be the completion of our Broadcast Production Center within our Miami Beach headquarters. This is a key step in allowing us to monetize our upcoming Mindpix produced events as well as our third party client engagements. We expect this to occur in Q1 2014.”
Adam Cohen added, “I'm equally excited to be joining Victor and the Mindpix management team at this important juncture. They are operationalizing and rolling-out a set of world class capabilities focusing on video streaming, production and worldwide distribution of online events, mobile applications and rich media capabilities - and I am excited to jump start that effort. Companies, artists and rights holders are increasingly looking for new ways to generate revenue and migrate more fully to their online and mobile operations. Mindpix's plan to enable companies to profit from this high growth market for online video streaming, mobile and Rich Media applications is consistent with my background and unique subject matter expertise. By leveraging expertise in integrating the world's largest and most advanced IP networks, state-of-the-art Broadcast Production Center Infrastructures, as well as industry-leading online and mobile media expertise in Digital Rights Management, Encryption, and Security, I'm confident we will build a large scale business for Mindpix.”
About Mindpix Corporation
Mindpix Corporation (OTC Pink: MPIX) is a multi-platform media services and entertainment company focused on 3 key sectors, Media/Entertainment, Sports and the US Hispanic marketplace. Through a unique integrated eco-system, MPIX provides the critical on-line video technology, production, digital marketing, audience development, payment services, sponsor acquisition, digital and traditional media distribution services to drive revenue for live and VOD (video on demand) events globally.
MPIX disclosure and financial information is published on OTC Markets and can be found at the following site: http://www.otcmarkets.com/stock/MPIX/filings/
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
SOURCE: Mindpix Corp