Mobile pioneer Michael J. O'Farrell adds further industry expertise to
Board.
TORONTO, Oct. 19 /CNW/ - SilverBirch Inc. (TSX.V: SVB) is pleased to announce that Michael J. O'Farrell has joined its Board of Directors. O'Farrell is currently the Chair and Executive Director of the dotMobi Advisory Group, a mobile industry trade association, and is co-author of the upcoming Wiley publication, Mobile Internet for Dummies.
As a global expert on mobile and interactive digital media, O'Farrell is widely considered an industry leading strategist. In addition to shaping the early market practices of the Open Mobile Alliance, he was a co-founder of the Wireless Advertising Industry Association in 2000 (now the Mobile Marketing Association) and has launched new products and services with Nokia, Motorola and Ericsson through mobile network operators world wide.
"Mr. O'Farrell's acceptance of our Board offer is a strong endorsement of our accomplishments to date and our strategy going forward," said SilverBirch CEO, Derek van der Plaat, "He is undoubtedly one of the most knowledgeable specialists in our field. Having him work with our team is going to be most rewarding."
Mr. O'Farrell's compensation will include the standard award of 100,000 Director's common share options, granted at the October 18th, 2007 closing price of $0.24.
In other business, meeting on October 18th, 2007, the Board also finalized details of Mr. van der Plaat's previously announced grants of common share options, with vesting tied to profitably exceeding $11 million in revenue for fiscal 2008. Further options in the amount of 480,000 were granted at a strike price of $0.24. They also approved a grant to Aberdeen Gould Inc., amounting to 400,000 common share options, also priced at $0.24, in consideration of their successful completion of recent financial initiatives designed to strengthen the Company's working capital, and its M&A activities.
About SilverBirch Inc.
Toronto-based SilverBirch Inc. is a fully integrated developer, publisher and distributor of high quality interactive media content and, through its Jambo Mobile division, provides mobile marketing and direct-to-consumer mobile content. In addition, the company is a multi-platform video game developer and operates an MMORPG (massive multiplayer online role-playing game) game called Metin 2 (see www.metin2.us). For more information, please visit www.silverbirchstudios.com and www.jambomobile.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this news release. Forward-Looking Statements - Certain information set forth in this news release, including management's assessment of future plans, contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond management's control, including the impact of general economic conditions, industry conditions, and currency fluctuations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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