JERSEY CITY, March 11, 2014 (ADOTAS) — Kitara Media Corp. (OTCBB: KITM), a leading video solutions provider for advertisers, digital marketers and publishers, today announced industry veteran Chris Magdelinskas (pictured) as Chief Technology Officer. Magdelinskas will be responsible for developing and executing Kitara Media’s technical strategy and leading a technology team. Magdelinskas brings 15 years of online advertising technology experience and leadership.
“Chris’s expertise combined with the exceptional talents of our technology team will further enhance our video advertising solutions,” said Bob Regular, CEO of Kitara Media. “We are committed to expanding Kitara Media’s vision, capabilities and features to continue successfully serving our clients. This is a very exciting time for our technology team to be bold and continue to support online video advertising across desktops and devices.”
An experienced technology leader, Magdelinskas has acted as head of technology for UGO, HUGE and Digital Broadcasting Group. As well he has led many significant video syndication and infrastructure projects with major television networks. Magdelinskas will be leading efforts to optimize Kitara Media’s video advertising solutions and evolving the proprietary PROPEL+ Video Technology Platform.
“I’m excited to join Kitara Media at such a pivotal time for the company in a fast evolving market,” said Magdelinskas. “I am confident in the ambitious and talented team at Kitara Media who are focused on the online video advertising opportunity. We must continue to evolve our video solutions and the PROPEL+ Platform to maximize future growth of the company and further serve our growing roster of clients and partnerships.”
About Kitara Media
Kitara Media is a leading digital media and technology company providing video solutions to advertisers, digital marketers and publishers. With nearly 500 million monthly video ad views, Kitara Media delivers strong engagement for advertisers, high revenues for publishers, as well as improved user experience with PROPEL+, an internally developed proprietary video ad technology platform. Kitara Media owns and operates several online media sites including Healthguru.com. The company is headquartered in Jersey City, NJ. For more information visit http://www.kitaramedia.com.
Certain information and statements contained in this press release, including those regarding Kitara Media’s capital structure, ability to execute its operating plan, anticipated financial flexibility and other statements that are not statements of historical fact, are forward-looking statements within the meaning of federal securities laws. These statements may be identified, without limitation, by the use of forward-looking terminology such as “anticipates”, “expects,” “will” or comparable terms or the negative thereof. Such statements are based on management’s current estimates, assumptions that management believes to be reasonable, and currently available competitive, financial, and economic data as of the date hereof and we undertake no obligation to update any such statements to reflect subsequent changes in events or circumstances. Forward-looking statements are inherently uncertain and subject to a variety of events, factors and conditions, many of which are beyond the control of Kitara Media and not all of which are known to Kitara Media, including, without limitation those risk factors described from time to time in Kitara Media’s reports filed with the SEC.