DivX Announces Jerry Murdock to Resign From Its Board of Directors
September 04 2009 - 4:05PM
PR Newswire (US)
SAN DIEGO, Sept. 4 /PRNewswire-FirstCall/ -- DivX, Inc.
(NASDAQ:DIVX), a digital media company, today announced that Jerry
Murdock has submitted his resignation from the Board of Directors
of the Company, effective December 31, 2009. Mr. Murdock joined the
DivX board following Insight Venture Partners' financing of the
Company in 2005 and prior to DivX going public in September 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081124/DIVXLOGO)
"Since Jerry first joined as a director, we have benefited from his
deep public board experience, as well as his strategic leadership
and passion to make DivX successful," said Kevin Hell, Chief
Executive Officer, DivX, Inc. "We want to thank Jerry for helping
the company grow and develop during his four-year tenure. His
dedication to DivX and its board of directors has been invaluable."
"We are grateful for the time, talent, commitment and wisdom that
Jerry has brought to the DivX board," stated Chris McGurk, Chief
Executive Officer for Overture Films and Anchor Bay Entertainment,
and Chairman for DivX's Corporate Governance and Nominating
Committee. "It has been a privilege to work with DivX and be part
of the creation of such a powerful consumer brand," noted Jerry
Murdock, Managing Director, Insight Venture Partners. "My best
wishes for continued success go to DivX and all of my fellow board
members." About DivX DivX, Inc. is a digital media company that
enables consumers to enjoy a high-quality video experience across
any kind of device. DivX creates, distributes and licenses digital
video technologies that span the "three screens" comprising today's
consumer media environment--the PC, the television and mobile
devices. Over 200 million DivX devices have shipped into the market
from leading consumer electronics manufacturers. DivX also offers
content providers and publishers a complete solution for the
distribution of secure, high-quality digital video content. Driven
by a globally recognized brand and a passionate community of
hundreds of millions of consumers, DivX is simplifying the video
experience to enable the digital home. For more information, please
visit http://www.divx.com/. Forward-Looking Statements Statements
in this press release that are not strictly historical in nature
constitute "forward-looking statements." Such statements include,
but are not limited to, statements regarding DivX's visibility
within the investment community. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause DivX's actual results to be materially different
from historical results or from any results expressed or implied by
such forward-looking statements. These factors include, but are not
limited to: the risk that customer use of DivX technology may not
grow as anticipated; the risk that anticipated market opportunities
may not materialize at expected levels, or at all; the risk that
the Company's activities may not result in the growth of profitable
revenue; risks and uncertainties related to the maintenance and
strength of the DivX brand; risks associated with DivX's ability to
penetrate existing and new markets; risks regarding the effects of
competition; the risk of DivX's dependence on its licensees and
partners; risks related to the effect of intellectual property
rights claims; and other factors discussed in the "Risk Factors"
section of DivX's most recent report filed with the Securities and
Exchange Commission. All forward-looking statements are qualified
in their entirety by this cautionary statement. DivX is providing
this information as of the date of this release and does not
undertake any obligation to update any forward-looking statements
contained in this release as a result of new information, future
events or otherwise.
http://www.newscom.com/cgi-bin/prnh/20081124/DIVXLOGO
http://photoarchive.ap.org/ DATASOURCE: DivX, Inc. CONTACT:
investors, Karen Fisher, +1-858-882-6415, , or media, Jennifer
Baumgartner, +1-503-901-5371, , both of DivX, Inc. Web Site:
http://www.divx.com/
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