JumpTV
AIM : JTV
TSX : JTV

October 15, 2007 04:33 ET

JumpTV Appoints Jordan Banks CEO

TORONTO--(Marketwire - October 15, 2007) - G. Scott Paterson, Chairman and CEO of JumpTV, ("JumpTV" or the "Company") (AIM: JTV) (TSX: JTV) is pleased to announce the appointment of Mr. Jordan Banks as Chief Executive Officer of JumpTV effective November 12, 2007. At that date Mr. Paterson will become Executive Chairman.

Additionally, the Company announces that Kaleil Isaza Tuzman, JumpTV President and COO and a member of the Board of Directors, has indicated to the Board that he will assist Mr. Banks in a transition of operating responsibilities through January 8th, 2008, after which time he will resign his operating duties at JumpTV to pursue other interests. Mr. Isaza Tuzman will remain on the Company's Board of Directors.

Commenting on the appointment of Mr. Banks, Mr. Paterson noted, "Jordan is one of Canada's leading Internet executives, having experienced tremendous success over the past decade leading business activities of eBay Canada and the National Hockey League Players' Association. He has added significant value as an Independent (non Executive) Director of JumpTV and our entire Board of Directors feels that his skill set, his leadership talents and his deep knowledge of the Internet ideally position him to lead JumpTV to its fullest potential."

Mr. Banks, 39, was most recently managing director of eBay Canada, the number one online shopping destination in Canada. Hired in 2000, he helped launch eBay Canada that same year and became the second employee of the Canadian office of eBay Inc. In his role as managing director at eBay Canada, he had overall management and P&L responsibility including operations, strategy and marketing. Mr. Banks is credited with building the eBay brand and eBay's community of users in Canada. Today, eBay Canada has over five million confirmed registered users who collectively purchased more than US$1 billion dollars worth of goods on eBay this past year.

Before joining eBay Canada, Mr. Banks managed the Licensing and International Business group at the National Hockey League Players' Association. In this role, he was responsible for supervising and managing global retail product licensees, negotiating license and international event agreements and identifying and pursuing new areas of global business for the organization. Mr. Banks also practiced corporate law at Goodmans LLP in Toronto.

Paterson continued, "During the past two years, Kaleil Isaza Tuzman and I worked to lay the foundation for JumpTV's growth. We, along with the Board, concluded it was time to bring in a new CEO with a track record of successfully building and running companies on a day-in and day-out basis. Jordan's obvious past success made him the ideal candidate to help bring JumpTV to the next level. My role as Executive Chairman will be full-time and active yet I am leaving it in Jordan's capable hands to lead JumpTV into its next stage of growth and evolution."

Mr. Banks commented, "I am delighted to be joining the JumpTV team. I believe that Scott, Kaleil and the entire JumpTV family around the world have built a business that is poised for dramatic growth in revenue, profitability and shareholder value. We are more committed than ever to delivering unique, high-value content and a world-class user experience to an incredibly targeted and passionate audience. Couple this with a stellar management team, and I feel very fortunate to have this opportunity."

Mr. Banks is the founder and chairman of Sportsfest, a non-profit organization focused on raising funds for Alzheimer's disease research and care. He has been a member of the Board of Directors of JumpTV since May 15, 2007 and is also a board member of the Ontario Science Centre, the Information Technology Association of Canada (ITAC), the Baycrest Centre, the Baycrest Foundation, and the Moses and Tamara Tobe Foundation, and sits on the Advisory Board of Next Pathway. Mr. Banks is also one of seven business leaders who together formed the Canadian Football League's "Commissioner's Council", dedicated to the future growth of the CFL.

Mr. Banks is also a member of the Young President's Organization (YPO) and, in May 2006, was named one of Canada's prestigious "Top 40 Under 40" honorees. In 2006, he was also named one of the four inaugural winners of the Hugo Boss "Leave a Mark Award" celebrating "men of excellence" in Canada.

Mr. Paterson commented on Mr. Isaza Tuzman, "JumpTV would not have succeeded to date had it not been for Kaleil's tireless efforts -- we are very grateful for his significant contributions in leading the business until now -- including content acquisition, product/network development, executive hiring, and budgetary discipline. He will continue to add great value to JumpTV through his role on our Board of Directors."

Mr. Isaza Tuzman said "I have thoroughly enjoyed working with the JumpTV team in building the Company to the position it is in today -- as one of the largest live-streaming broadcasters in the world -- and I look forward to continued contributions from a board perspective. Scott and I solicited Jordan with the unanimous support of our Board to become the Company's CEO. I care deeply about our customers and our partners, and I am confident that Jordan's leadership will be embraced and appreciated by all our constituents."

The Company will hold a conference call to discuss the appointment today, October 15, 2007, at 4:15pm EDT. To participate in the call, interested parties can use the following dial-in numbers: U.S. and Canada - 888-693-3477 or International - +1 973-582-2710; conference code 9357492. Callers are suggested to dial-in at least 5 minutes prior to the call.

A replay of the call will also be available for 7 days using the following dial-in numbers: U.S. and Canada - 877-519-4471 or International - +1 973-341-3080; conference code 9357492.

About JumpTV

JumpTV is a leading distributor of live international television and sports over the Internet. With more than 300 television channels from 75+ countries and more than 175 partnerships with sports teams and leagues, JumpTV delivers full-screen sports, news and entertainment content on a real-time basis from all corners of the globe to computers, Internet-enabled television sets, IP set-top-boxes and cell phones with browser access. For more information, visit www.jumptv.com.

Forward-looking statement

Certain statements herein may constitute forward-looking statements, including those identified by the expressions "may," "will," "should," "could," "anticipate," "believe," "plan," "estimate," "potential," "expect," "intent" and similar expressions to the extent they relate to JumpTV or its managements. These statements reflect JumpTV's current expectations and are based on information currently available to management. These forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risk Factors" contained in JumpTV's prospectus (admission document) dated August 1, 2006 and the matters discussed under "Risk Factors" contained in JumpTV's final short form prospectus dated February 19, 2007. These forward-looking statements are made as of the date hereof, and JumpTV assumes no obligation to update or revise them to reflect new events or circumstances.

Contact Information

  • JUMPTV PR / IR Contacts
    North America:
    Lewis Goldberg
    KCSA Worldwide
    +1-212-896-1216
    lgoldberg@kcsa.com
    or
    UK:
    Chris Bowman/Andrew Chubb
    Canaccord Adams Limited
    +44 207 050 6500