SOURCE: Cinsay, Inc.

Cinsay, Inc.

May 10, 2011 09:20 ET

Celebrated Entrepreneur/Philanthropist Red McCombs Named to Cinsay, Inc. Board of Directors Following Significant Equity Investment in eCommerce Technology Developer

AUSTIN, TX--(Marketwire - May 10, 2011) - Celebrated businessman, philanthropist and sports team owner Red McCombs has joined the Board of Directors of Cinsay, Inc., the Austin-based new technology company whose proprietary portable web-based video player eCommerce platform has attracted agreements with a wide range of national and international business brands. McCombs' appointment to the Cinsay, Inc. Board of Directors comes following a strategic investment in the company by McCombs Family Partners.

"I am one of those guys who, when I see a good idea, I want to be a part of it. When I see a great idea, I want to own a big part of it," McCombs said. "What Chris and his remarkable team have developed and are building for this company is something that, given the right nurturing and the proper opportunities to show what it can do, is going to change the eCommerce game altogether. For me, game-changing opportunities like this are what strategic investing is all about, so I am happy to be onboard."

Red McCombs is the one-of-a-kind Texas businessman, philanthropist and sports team owner whose golden touch is legendary and which landed him on Forbes magazine's list of the Top 400 Richest Americans in 2005. Founder of the Red McCombs Automotive Group, a co-founder of Clear Channel Communications, a former owner of the San Antonio Spurs, Denver Nuggets and Minnesota Vikings, McCombs is the namesake of the McCombs School of Business at the University of Texas at Austin, following his endowment to the university of $50 million.

Cinsay, Inc. delivers groundbreaking media and eCommerce experiences through its next-generation video, advertising, and eCommerce enterprise platform. Leveraging the latest internet and mobile technology, the Cinsay platform leverages the strong impact video content has on a consumer's decision to purchase and then Cinsay's proprietary eCommerce software brings the store to the consumer and successfully turns a viewer into a shopper and a shopper into a buyer.

Based in Austin, Texas, with offices in Dallas and Los Angeles, Cinsay is a privately-held company.

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