SAN DIEGO, CA--(Marketwire - January 18, 2011) - CommerceTel Corporation (
"The mobile industry represents the largest installed base of digital platforms in history," said Shah, who holds over eight patents for his inventions, "and the landscape to invent world changing technology is still very much wide open." Alex continued, "Working with CommerceTel provides an opportunity to combine disruptive technology with industry leading brands in a very exciting space."
Previously, Alex was the Senior Vice President of R&D at Blue Titan, a Draper Fisher funded venture, where he led the development of software tools to manage complex IT integration challenges. Blue Titan acquired VelociGen, a company Alex founded in 1997, whose technology accelerated dynamic web sites, and was a key component of large financial trading systems at Ameritrade, Smith Barney, and Goldman Sachs. Mr. Shah began his career as a visualization engineer for Warner Bros. Feature Animation (Space Jam, The Quest for Camelot, Iron Giant), and The Scripps Research Institute, where his work made the cover of Scientific American in 1992.
"I can't think of a better candidate to lead CommerceTel's technology and intellectual property pursuits," said Dennis Becker, CommerceTel's CEO, of Mr. Shah. "Having Alex join our team is a huge asset in pursuing our vision of pioneering groundbreaking technology in the mobile sector."
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