SOURCE: CommerceTel

CommerceTel Corporation

January 14, 2011 05:00 ET

CommerceTel Appoints Paul Meyer as Chief Financial Officer

SAN DIEGO, CA--(Marketwire - January 14, 2011) - CommerceTel Corp. (OTCBB: MFON), an award-winning provider of proprietary mobile marketing technologies and solutions, is pleased to announce the appointment of Paul Meyer as its new Chief Financial Officer. A proven business leader for more than 20 years, Meyer brings enthusiasm, energy and deep public operating experience to the Company.

"CommerceTel is well positioned in a rapidly evolving technology sector. There's no doubt that the next big shift in digital lifestyle is to the mobile platform. With CommerceTel's recent entry into the public markets, I am confident I can provide the kind of senior leadership the company needs, given my public operations and finance background," said Meyer, a partner with Scigliano Group, LLC who had recently served as President and Chief Operating Officer for Shuffle Master, Inc., the gaming industry's premier supplier of automatic card shufflers and proprietary table games. During his five-year tenure with Shuffle Master, Meyer played an instrumental role in growing the company's revenue from $58M to $200M. He also played an integral part in expanding the company's international presence by negotiating major acquisitions overseas to significantly increase business.

Prior to Shuffle Master, Meyer served as President of the Integrated Solutions Division of Concurrent Computer Corporation and has held leadership positions in a wide range of industries, including serving as EVP and GM of Viacom New Media.

"Paul is a proven leader who possesses enormous experience in a broad range of businesses, which made it compelling for me to bring him on board as our new CFO," said Dennis Becker, CommerceTel's CEO. "As a company, we look forward to having Paul help lead us during 2011 and beyond."

For more information, please visit http://www.commercetel.com.

About CommerceTel

CommerceTel is an award-winning provider of proprietary mobile marketing technologies and the inventor of C4, a unique, enterprise-grade platform empowering brands to engage mobile consumers via multiple channels. The only system of its kind, C4 is a cloud-based solution providing broad mobile communications and extensive CRM features. It is integrated with multiple tier-one PSTN/ IP carriers and micropayment processing facilities as well as with carrier premium SMS billing systems.

Safe Harbor

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Statements including words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets as well as the Risk Factors disclosed in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 27, 2010. Further information on CommerceTel's risk factors is contained in its filings with the Securities and Exchange Commission. CommerceTel does not undertake any duty nor does it intend to update the results of these forward-looking statements.

Contact Information

  • Investor Contacts:
    John Liviakis
    Liviakis Financial Communications
    Phone: 415.389.4670
    Email Contact

    Company Contact:
    Dennis Becker
    CEO CommerceTel Corp.
    Phone: 619.725.0990
    Email Contact