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re: last nights ann Company Announcements Office
Australian Stock Exchange Limited
20 Bridge Street
SYDNEY, NSW 2000
By electronic lodgement
MULTIMEDIA INDUSTRY VETERAN JOINS EMT BOARD OF DIRECTORS
Industry Expert and Digital Rights Pioneer to help position company
for rapid growth in North American market
Sydney, March 22, 2005 – Entertainment and Media Telecoms Inc. (EMT), the 4th largest supplier of On-Demand Entertainment Systems in North America today announced that long time US multimedia industry veteran and digital media rights pioneer Dave Weisman has joined its Board of Directors, effective immediately.
Mr. Weisman is credited with the successful development of several significant technology based businesses through the 1990’s, including Thomson Enterprise Networks, which he co-founded in 1996 and was acquired in 1999 at a valuation of USD$400m. His operational management skills also turned troubled ACT Networks around prior to a USD$275m sale to Clarent Corporation.
Having recently completed an equity investment in EMT, a rapidly growing supplier of state-of-the-art Video-on-Demand Entertainment systems focused on the hospitality industry, Mr. Weisman is bringing his long-standing reputation and hands-on experience to bear in developing EMT’s North American strategic and operational plans.
“Dave Weisman has been an innovator and major driver in the Multimedia Networking and red-hot in-room video on demand systems market for 15 years and has built a number of highly successful companies that have become leaders in their markets”, said Peter Dykes, EMT Executive Chairman. “We are looking to him to grow our market penetration in North America and to help us establish strategic partnerships with incumbent suppliers and other key market players.
“I have been watching EMT for over a year and I have been impressed with their rapid growth, successful penetration into the North American Hospitality market, and savvy business acquisitions”, commented Weisman. He added, “Acquiring Verizon’s Video-On-Demand Hospitality business customer base and GalaVu instantly given EMT critical mass in America and has totally legitimized them as a major player in North America. I hope to be able to help them navigate this market and make smart decisions as they build out their presence and attract new customers”.
ENDS
Entertainment Media & Telecoms Corporation Limited ABN: 81 071 275 253
Level 22, AGL Centre, 111 Pacific Hwy, North Sydney NSW 2060 Australia
Ph: +61 2 9954 4200 Fax: +61 2 9954 5220 Email: [email protected] www.emtcorp.com.au
Profile: Dave Weisman
Dave Weisman began his career in the video networking business in 1991 when he joined Retix and helped the company develop and successfully market the first multimedia focused networking platform. The company went public on the Nasdaq Exchange and was one of the most successful IPO’s in 1992.
After Retix, Dave joined Adaptive and was responsible for bringing to market the first Asynchronous Transfer Mode (ATM) switch, which integrated voice, video, and data onto a single network. The company was acquired in 1993 by Network Equipment Technology for $100M.
Co-founding Thomson Enterprise Networks in 1996, Weisman clinched a US$450M contract with the British Army to deliver them high performance integrated voice, video, and data systems. The company was acquired in 1999 for US$400m.
Subsequently he helped restructure and revitalize troubled ACT Networks and worked with a senior management team to sell the company to Clarent Corporation for $275M.
Other companies where Mr. Weisman has held executive operational roles include IP Dynamics and Canyon Networks. Most recently Dave is serving as the CEO and Chairman of Houston, Texas based Eagle Broadband, a leading provider of Bundled Digital Services technology and services, and he further serves as the Chairman of the Board with USurf, a leading provider of next generation communication technology and services.
Mr. Weisman holds Bachelor of Arts degrees in Economies and International Relations from the University of California, Los Angeles He served as a Pilot in the US Air Force and has seen combat duty in Central America and in the Middle East.
About EMT Corporation
Entertainment Media & Telecoms Corporation Ltd (EMT) is an Australian owned and run company listed on the Australian Stock Exchange, (ASX Code: ETC), incorporated in Delaware, North America and the parent company of GalaVu Entertainment Networks. EMT specializes in the provision and operation of Digital Service Delivery Systems for the Hospitality Industry, and provides modern digital technologies and content to over 30,000 rooms globally. Sites operate in Australia, New Zealand, North America, Canada, UK, Caribbean, South Africa, Europe and Singapore. Headquartered in North Sydney, Australia, the company also has Operations, Sales and Customer Support Offices offices in Toronto, Dallas and Halifax. Preferred suppliers include: Extreme Networks for Ethernet infrastructure, Solution Inc. for High Speed Internet Access software and controls, and Eagle Broadband for Set Top Box technology. For more information, visit www.emtcorp.com.au