GoFish Names Former Kodak Gallery Chief Architect As Chief Technology Officer
SAN FRANCISCO - November 21, 2006 -GoFish Corporation (OTCBB: GOFH), a leading online user-generated video company, today announced the appointment of former Kodak EasyShare Gallery Chief Architect, Greg Schroeder, as the company's chief technology officer. This news follows the company's recent announcements that Peter Guber, chairman and CEO of Mandalay Entertainment Group, joined its board of directors and that several executives, formerly with Yahoo!, joined the company.
Schroeder brings over 20 years of in-depth experience in the technology industry to GoFish's management team. Prior to joining the company, Schroeder was chief architect and director of Systems Integration, New Business at Kodak Imaging Network, Inc. In these positions, Schroeder was responsible for internal systems and processes, as well as both intra- and inter-corporate partnerships. Kodak EasyShare Gallery, formerly Ofoto, is the largest online photo website, with over 35 million users and storing over 2 billion user-generated images.
"Greg Schroeder is an extraordinary leader in the technological community, and his engineering, entrepreneurial and operating experience will be a great addition to GoFish," said Michael Downing, founder and president of GoFish. "We look forward to engaging Greg in helping establish GoFish as the preeminent brand in online video."
Schroeder attended Harvard and UCLA, graduating with degrees in Linguistics and Computer Science.
"GoFish is an amazing platform from which to develop a new user-generated online video product," said Schroeder. "The potential for this market is remarkable, and I'm looking forward to helping Michael and his team achieve their goal of bringing a more unique, satisfying online video experience to people all over the world."
Schroeder was a principal architect at Manugistics, Inc. and also held key managerial and technical leadership positions in several companies across a variety of industries, from enterprise solutions to application service providers to relational databases, including ProBusiness (ADP), Illustra (Informix, IBM) and Britton Lee (Teradata, NCR, AT&T).
About GoFish Corporation
GoFish Corporation, (OTCBB: GOFH) headquartered in San Francisco, is a leading consumer online video destination that, in two years, has grown to deliver millions of videos per month to a rapidly growing audience of enthusiasts. An early entrant into the user-generated video sector and the first publicly traded company in the space, GoFish is a place on the web where millions of people come to upload, share and watch their favorite videos from around the world. For more information about the company, go to www.gofishcorp.com.
Forward-Looking Statements
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. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our inability to generate sufficient operating cash flow from advertising revenue, a reduction in the demand for user-generated video and related services, a fall-off in search engine directed traffic to our web site, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company's Current Report on Form 8-K filed on October 31, 2006, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.