YANGAROO Appoints Grant Schuetrumpf as President of Advertising Division
May 01 2017 - 11:00AM
YANGAROO Inc. (TSX-V:YOO) (OTC:YOOIF), the
industry's leading secure digital media management and distribution
company, today announced that it has named Grant Schuetrumpf as
President of its Advertising Division. In this role, he will
be responsible for the overall strategy and growth of this
division, including strategic partnerships, increasing market share
and product development for YANGAROO Advertising. Schuetrumpf will
be based in New York, and will report directly to the CEO.
“It’s with excitement that I join YANGAROO and
its well established team. YANGAROO has worked tirelessly to build
a world class video asset management and delivery platform for its
video advertising and entertainment clients,” said Mr. Schuetrumpf.
“YANGAROO is a market leader in Canada and with a network that
directly connects every regional and national broadcaster in North
America. It continues to expand its market presence in the USA,
whilst maintaining its high level of content quality assurance.
YANGAROO consistently builds and acquires new product lines across
the digital and broadcast advertising industries, and we will
leverage these strengths to provide greater value to our
advertising clients and prospects.”
Mr. Schuetrumpf brings more than 25 years of
international corporate, business development, production, and
senior managerial and administrative experience in the media
industry. His experience includes servicing brands, advertising
agencies and production companies across digital and traditional
markets, incorporating SaaS video asset management and distribution
platforms, and programmatic data analysis technologies.
Previous executive roles include President of
Dubsat, based in New York, where he led the company’s expansion in
the North American market. Prior to this, he was CEO of Dubsat,
headquartered in Australia, where he led the global growth
strategy, including technology development, sales growth and
international licensing opportunities. Mr. Schuetrumpf holds a
Graphic Arts certificate from the University of Technology, a
diploma in Management, and attended the Australian Graduate School
of Management.
“It is very timely that a person of Mr.
Schuetrumpf’s caliber and abilities has joined our team,” said Gary
Moss, CEO of YANGAROO Inc. “Grant is joining us at a time when our
advertising business is growing consistently and he will lead
business development efforts, capitalizing on our technology to
deliver both short and long form content across our comprehensive
broadcast footprint. Grant’s knowledge of the industry, his proven
ability to drive growth, both organic and through acquisition, and
his extensive network make him the ideal person to take YANGAROO
Advertising to the next level. Grant is an excellent addition to
our team and I look forward to working with him as we continue on
our growth path.”
Pursuant to Mr. Schuetrumpf’s employment
agreement, YANGAROO has granted 500,000 stock options (the
“Options”) to him in accordance with the terms of its stock option
plan. The Options are exercisable for a period of five years from
the date of grant at a price of $0.14 per share. Following 10% of
the Options vesting on the date of grant, the remaining 90% will
vest as to a third on each 6-month anniversary following the date
of grant.
About YANGAROO:
YANGAROO is a company dedicated to digital media
management. YANGAROO’s patented Digital Media Distribution
System (DMDS) is a leading secure B2B digital cloud based solution
focused on the music and advertising industries. The DMDS solution
provides more accountable, effective, and far less costly digital
management of broadcast quality media via the Internet. It replaces
the physical, satellite and closed network distribution and
management of audio and video content, for music, music videos, and
advertising to television, radio, media, retailers, and other
authorized recipients. The YANGAROO Awards platform is now the
industry standard and powers most of North America’s major awards
shows.
YANGAROO has offices in Toronto, New York, and
Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V)
under the symbol YOO and in the U.S. under OTCBB: YOOIF.
The statements contained in this release that
are not purely historical are forward-looking statements and are
subject to risks and uncertainties that could cause such statements
to differ materially from actual future events or results. Such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
For YANGAROO Investor Inquiries:
Gary Moss
Phone: (416) 534-0607
gary.moss@yangaroo.com
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