USA - East Coast
Global IP Solutions, Inc.
25 Nashua Road
Building C, Suite 3
Londonderry, NH 03053
USA
Phone: +1 603 425 1274
Fax: +1 603 425 1277
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Europe
Global IP Solutions AB
Magnus Ladulåsgatan 63B
SE-118 27 Stockholm
Sweden
Phone: +46 8 410 39 800
Fax: +46 8 5455 3049
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Asia Pacific
Global IP Solutions Asia Pacific Ltd.
Suite 4509, The Lee Gardens
33 Hysan Avenue,
Causeway Bay
Hong Kong
Phone: +852-3180-2250
Fax: +852-3180-2299
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Korea
Global IP Solutions
18/F Kyungam bldg.
Samsung-dong
Seoul
Korea
Phone: +82 2 3450-1516
Fax: +82 2 3450-1510
E-mail:
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| GLOBAL IP SOLUTIONS TO LIST ON THE OSLO STOCK EXCHANGE |
Company Builds On Momentum with New CEO Appointment of Emerick WoodsSan Francisco - June 20, 2008 - Global IP Solutions (GIPS), the leading provider of multimedia processing solutions, announced that the Oslo Stock Exchange will admit the company to a listing on Oslo Børs. The first day of trading will be no later than August 1, 2008. The company also announced that Emerick Woods has been appointed chief executive officer. Woods will build on GIPS strengths to create and execute growth strategies that will extend its leadership position into new platforms, new geographies and new markets. "Global IP Solutions has wide recognition for providing the best quality multimedia processing for IP network applications in the industry. This listing is an important milestone for the company and we are well positioned to seize the leading share of growth in the voice and video over IP market," incoming CEO Woods said. Prior to the listing application, GIPS raised $10 million from a pre-emptive rights offering, which was oversubscribed by nearly 20 percent. "I am excited to join such an innovative company with outstanding talent and look forward to leading GIPS to success," added Woods.
Ditlef de Vibe, Global IP Solutions' Chairman said: "Emerick is the right leader to take GIPS forward. His vision, expertise and drive align perfectly with the expectations that we anticipate for the company going forward. He has the skills and experience to make a big impact on the IP-communication market, and his track record will prove essential in advancing the company in the right direction."
Mr. Woods brings over 30 years of sales, engineering and operational management experience from the telecommunications, Internet, and enterprise software industries. Mr. Woods was previously President and CEO of Aligo Inc., and held similar positions at Trapezo, Inc. and Coherity, Inc., Vicinity and TuneUp.com. He has also held a variety of executive and general management positions at HP, Symantec and Microcom as well as consulting positions at Booz Allen & Hamilton and McKinsey & Company.
Mr. Woods holds a Masters in Business Administration degree from Harvard Business School and a Bachelor of Science degree in Computer Science from Yale University. |