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For Immediate Release
Itiva Adds Chris Morgando to VP Shareholder Relations
Moves Corporate HQ Within Palo Alto
Palo Alto, Calif. – October 24, 2006 – Itiva Digital Media, a breakthrough rich media delivery network, has named Chris Morgando to the post of VP, Shareholder Relations. In addition, the company has announced a new headquarters office in Palo Alto, California.
“Itiva is providing EMI Music Canada with a much higher quality Internet video streaming service at a very low cost” said Michel Billard, CEO of Itiva. “We’re proud that our first implementation in the music industry is with one of the top four record companies in the world. We’re proving that high quality video can be streamed to a very large audience, and its commercialization will prove its cost effectiveness.”
“We’re drawing close to commercial availability, and are taking important steps to full corporate development,” said Michel Billard, CEO of Itiva. “Key positions are being filled with some of the brightest talent available. Chris Morgando has been involved with investors for many years and brings strong relationships and keen communication skills to the team. We are thrilled to welcome his spirit and talent to our group. His committed involvement in many non-profit organizations only strengthens our confidence in his professional relationships. Itiva Digital Media is very fortunate to have him as a team addition.”
Known for his keen eye on emerging technology, Mr. Morgando has lent his expertise in branding and development to numerous ventures. Mr. Morgando began actively pursuing technology companies after working closely for over 10 years with Las Vegas resort and entertainment mogul Steve Wynn. While working for Steve Wynn, Chris Morgando interacted exclusively with private guests, celebrities, presidents and dignitaries. “Being a part of the Wynn organization has given me a sense of style and detail that I know will carry on in all of my endeavors,” said Mr. Morgando. “Itiva is no exception. This technology has great potential to literally change the landscape of rich media content delivery over the Internet. It’s exciting to be so closely involved at this time, especially as we’re so close to having so very much to say. I’m thrilled to be a part of this team and to be the primary point of contact for those who have invested in Itiva’s future.”
About Itiva
Itiva Digital Media, a privately held company, has moved its headquarters to 165 University Avenue, Suite 6, in Palo Alto, California. Itiva provides a content delivery service that significantly and positively influences adoption of high quality video over the Internet by enhancing the viewer experience and making a strong business case for media companies and content developers. Itiva technologies are being showcased by film and music companies now, with commercial availability in late 2006. For more information, visit www.itiva.com.
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Contact for Itiva Networks
Vanessa Lyall
Itiva Networks
Tel: 650-330-1300 ext 201
vanessalyall@itiva.com
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