StationDigital Appoints Lou Rossi to CEO and Chairman of the Board - Founder Tim Roberts Transitioning to a Product-Focused Role
Mr. Rossi Founded and Sold Several Successful Ventures - Will Continue to Drive the Company's Subscriber Growth Rate
June 16, 2014 --
LOS ANGELES, June 16, 2014 /PRNewswire/ -- LA-based Internet radio and digital broadcast platform provider StationDigital Corporation (OTCQB: ALDV) today announced a change in executive management, with Lou Rossi taking on the role of Chairman of the Board and CEO. Former CEO and company founder Tim Roberts is transitioning to a non-officer/director role as the Founder and Master Digital Architect.
"I'm very pleased to pass the reins of StationDigital to Lou Rossi, a capable and proven leader who will move the company forward," said Mr. Roberts. "The company is achieving growth milestones at an accelerating pace, and I believe Lou will help us to exceed our aggressive revenue and growth targets. My new role will help me to focus on our core product by offering refinements and enhancements to make it the very best listening experience."
Mr. Rossi holds considerable tech industry experience as an engineer, executive and entrepreneur. As the CEO of CCPrep.com, he negotiated the sale of the firm to Earthweb Incorporated for $3.25 million. He then founded Qoncert as a complement to CCPrep.com, which began to generate significant revenue and profits. While CEO of Qoncert he founded a sports marketing program that saw 100% year-over-year revenue growth for four straight years. Qoncert achieved Cisco Gold Certification, the highest level of certification from Cisco. In 2013 he broke apart the many pieces of his companies, selling them to various other firms. Mr. Rossi has taught hundreds of classes and spoken at high-profile events on Cisco certifications and the impact they have on the industry.
"Tim built an amazing company, and I'm proud to now take the lead as CEO," said Mr. Rossi. "We will continue to add to our management team and board as we expand and capture market share. I have developed several firms from the ground up to become substantial revenue generators, and anticipate duplicating this success at StationDigital. We have the chance to become the next generation iTunes, Netflix, or Pandora because we offer a theme-based and personalized listening experience."
Technology industry veteran Mr. Roberts holds more than 20 years' experience with various executive-level posts. He was the founder of Savvis Communications, which was sold to Century Link for $2.5 billion in 2011 is now in the top 10 largest Internet providers in the world.
StationDigital provides quality streaming content through its library of more than 20 million songs. It features a personalized listening experience that allows users to build custom music playlists based upon themes and interests. It also offers the SD Rewards program which helps users earn virtual currency for listening to music and sharing StationDigital with friends on social media.
About StationDigital Corporation
StationDigital is a multimedia digital broadcast company that offers free music streaming of over 23 million songs. StationDigital features both genre-based and artist-based music discovery stations to suit an endless variety of musical tastes, and a personal recommendation service to its more than three million users all available both online and through its iOS and Android mobile apps. StationDigital's users can customize their listening experience by selecting playlists and stations based on themes, interests and location, as well as favorite artists, songs or genre, and by providing feedback on the music they hear. StationDigital also offers the industry's first Listener Rewards program in which users earn points for listening, sharing and inviting friends on social media to enjoy StationDigital. Listener Rewards points are redeemable in the StationDigital online store to purchase music, merchandise and additional discounts. StationDigital is headquartered in Los Angeles. For more information, visit www.stationdigital.com or download the StationDigital app for Android or iOS mobile devices.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE StationDigital Corporation
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