SOURCE: Truli Media Group

Truli Media Group

February 20, 2013 08:30 ET

Truli Media Group, Inc. Forms Audit Committee

LOS ANGELES, CA--(Marketwire - Feb 20, 2013) - Truli Media Group, Inc. (OTCQB: TRLI) announced today that Jon Garfield, a member of the Board of Directors, was appointed Chairman of its Audit Committee. Management believes this step will help the company as it develops and grows. Michael Jay Solomon commented, "In building Truli as a public company Jon will provide us an audit system concurrent with other companies that fall within the guidelines under Sarbanes-Oxley. A well run company increases its efficiencies in providing more value for the shareholders. We welcome Jon's assistance and his experience in establishing Truli Media's Audit Committee."

From January 2007 through August 2010, Jon was CEO, member of the Board of Directors, and Secretary of Clearant. Prior to that, he served as an independent financial consultant, providing financial services including SEC reporting obligations, Sarbanes-Oxley compliance and CFO/Board advisory services. In 2008 he was Entrepreneur Of The Year semi-finalist, and CFO Of The Year finalist.

1998 through January 2001, he was CFO of a telecom service provider and a software developer. The company grew from $10 million to $300 million. In 1996 he co-founded New York Stock Exchange listed Coach USA, Inc., and was VP of Acquisitions from concept, to IPO to $1 billion in revenues, completing over 50 acquisitions.

From 1991 to 1996, Jon served as the number two finance person at Maxxim Medical, Inc., an NYSE listed manufacturer and distributor of medical products. The company grew from $20 million in 1991 to over $500 million with five divisions.

During 1986 to 1991 he practiced public accounting with Arthur Andersen and PricewaterhouseCoopers. He received his CPA license in 1987 and in 1986 his Accounting Degree from the University of Texas at Austin.

He is a member of the Board of Directors of Neah Power and Chairman of its Audit Committee since 2008, a publicly-traded alternative energy company.

From 2010 to the present time, Jon has been Chairman of the Advisory Board of OneMedPlace, an investor conference focused on emerging growth and mid-sized healthcare companies, which is held concurrently with the JPMorgan healthcare conference in San Francisco and is one of the largest investor healthcare events in the U.S.

Mr. Garfield remarked, "I am very pleased to be associated with Michael Solomon, and I very much believe in the future of the Truli Media Group."

About Truli offers a unique distribution platform focused on Christian and family-friendly content that is free for users to view, interact and engage with on any mobile apparatus such as tablets, phones, smart TV, etc. is free for ministries, as thousands of sermons are delivered weekly, as well as individuals, music videos, authors, film/television producers and educators seeking to gain visibility and provide their content in a targeted and relevant community linked by a shared belief. Truli offers a single platform that is flexible and easy to access to connect users, enabling the delivery of relevant content to the Evangelical community market of 100+ million people in the U.S. (and 700+ million outside the U.S.) representing $4.3 billion of annual gross industry sales in the U.S. alone.

Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact Information

  • Investor Relations

    Chuck Arnold
    (386) 409-0200