JERSEY CITY, NJ--(Marketwired - Apr 2, 2013) - Single Touch Systems, Inc. (OTCBB: SITO), a technology based mobile media solutions provider, today announced that by unanimous consent, Peter Holden has been elected to its Board of Directors. He is widely recognized as a pioneer in leveraging intellectual property (IP) as a financial asset class. In 2011 he was named by the Intellectual Asset Management Journal as "One of the top-50 people, companies and other things that have helped to shape today's IP market."
Mr. Holden is currently Senior Vice President, Corporate Development and Investments at IPVALUE where he is responsible for IP investments and acquisitions. Prior to joining IPVALUE, Mr. Holden founded the IP Investment Group at Coller Capital, a global Private Equity firm with over $14 billion under management in 2006. He has since overseen the investment in, and subsequent monetization of, many IP vehicles involving thousands of patents from leading corporations and research centers worldwide.
He formerly held senior positions at Panasonic, IPVALUE Management, University Patents, Inc., and Invisible Hand LLC, an IP venturing fund that he founded and ran with a former Board Member of Nokia. Mr. Holden holds Post-Doctoral, Ph.D. and undergraduate degrees from the United Kingdom and Japan. He also held positions as Senior Fellow at Wharton Business School and was awarded the Honda Fellowship at the University of Electro-Communications in Tokyo, Japan. He has also advised several governmental and sovereign initiatives on IP fund formation.
"Peter has a tremendous track record in the IP space and his decision to join our team is a terrific validation of the strength of our assets and our ability to realize our Company's potential value. Peter's leadership role in the IP industry, his knowledge and his success will play a key role in helping our Company to craft, guide and execute on our IP monetization strategies for the benefit of all Single Touch shareholders," stated Single Touch's Chairman and Chief Innovation Officer, Anthony Macaluso.
Mr. Holden commented, "The scalability of Single Touch's operating business provides a unique context to its portfolio of intellectual property. In building its business, Single Touch has developed an impressive portfolio of issued and pending patents that hold tremendous value in the streaming media ecosystem, an area undergoing substantial growth with a strong outlook. It's exciting and represents a great challenge and opportunity for me to advise and support the team that will seek to unlock and benefit from the value of the Single Touch patent portfolio."
About Single Touch Systems, Inc.
Single Touch Systems, Inc. is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented technologies and a modular, adaptable platform, Single Touch's multi-channel messaging gateway enables marketers to reach consumers on all types of connected devices, with information that engages interest, drives transactions and strengthens relationships and loyalty. For more information about Single Touch Systems, Inc. visit: www.singletouch.net
This news release may contain forward-looking statements that involve risks and uncertainties and reflect Single Touch's judgment as of the date of this release. These statements may include those regarding strategy, growth and future operations. Actual events or results may differ from Single Touch's expectations. The risks and uncertainties include reliance on brand owners and wireless carriers, the possible need for additional capital, as well as other risks identified in Single Touch's filings with the SEC. Single Touch disclaims any intent or obligation to update these forward-looking statements beyond the date of this press release, except as may be required by law.