WOWIO Taps Robert Estareja for Corporate Development
WEST HOLLYWOOD, CA / ACCESSWIRE / July 29, 2014 / Wowio, Inc. (OTCBB:WWIO), a digital media technology company with a patented process for inserting ads into eBooks, today announced the appointment of Robert Estareja to its growing Corporate Development efforts.
Mr. Estareja is the principal of Navitus Holdings Inc., a boutique mergers & acquisitions, corporate finance advisory firm. Mr. Estareja has had experience in developing acquisition programs to increase revenue and build assets and has been effective in accomplishing several financial goals for his clientele.
WOWIO CEO Brian Altounian said, “We are very pleased and excited to have Robert join the WOWIO team in the capacity of growing our corporate and business development activities worldwide. Robert has proven to be a highly resourceful senior executive and his M&A experience coupled with his extensive business relationships make him a great fit for our growing corporate and business development efforts. With our technology development and execution strategy now well underway, Robert is a significant asset to us in reaching our goal of expanding our patent and technology around the world.”
“I am pleased and honored to join WOWIO as I believe the company’s patent and intellectual property will have a profound impact in the e-publishing ad space,” said Mr. Estareja. “I am confident that my network of relationships will provide an exciting level of support of Mr. Altounian’s vision for the future of WOWIO. I think I can bring new structure to an acquisition program that can have an immediate impact on the company’s financials and lay the groundwork for long-term growth.”
Mr. Estareja is currently an advisor to a diversified, international investment management group with over $13 billion assets under management, where he is spearheading the group's technology investments, strategic relationships and corporate development activities, a REIT that has over $3 billion in assets and a diversified insurance enterprise with over $1.3 billion in assets where he has been engaged to increase revenues and build assets through mergers & acquisitions.
About WOWIO, Inc.
WOWIO, Inc., (OTCBB:WWIO) is a technology development company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: AD-SUPPORTED eBOOKS! Our exclusive ownership of an issued patent that governs this opportunity allows us to expand our reach as a digital media company far beyond producing and distributing content across multiple platforms. WOWIO has built and acquired a number of digital media technologies, platforms and distribution outlets and is focusing its efforts on opportunities to create and monetize ancillary content product lines beyond eBooks and other forms of digital media.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Source: WOWIO, Inc.