Proven Executive Brings Financial and Operating Experience Within Digital Media Industry
WOODLAND HILLS, Calif., Sept. 13, 2007 (GLOBE NEWSWIRE) -- United Online, Inc. (Nasdaq:UNTD), a leading provider of consumer Internet and media services, today announced the appointment of Scott H. Ray as executive vice president and chief financial officer, effective October 1, 2007.
Ray joins United Online from ValueClick, where he spent the last five years and served as chief financial officer for the publicly-traded provider of online marketing solutions since 2005. At ValueClick, Ray was responsible for the company's global financial and accounting, human resources and facilities functions. Previously, Ray served as executive vice president of finance at ValueClick before being promoted to the CFO role in May 2005. Prior to his tenure as executive vice president of finance, Ray served as general manager for ValueClick's Technology division from 2002 to 2004 with operating responsibility for its advertising technology subsidiaries Mediaplex, Inc. and AdWare Systems, Inc.
"I am delighted to welcome an accomplished executive of Scott's caliber to the United Online management team," said Mark R. Goldston, chairman, president and chief executive officer. "Scott brings to United Online a unique blend of financial, operating and industry experience that adds considerable depth to our leadership ranks. In particular, Scott's corporate development expertise will play an important role as we evaluate internal growth initiatives and potential acquisitions to enhance shareholder value."
Prior to ValueClick, Ray served as chief financial officer for a variety of public technology and financial services companies including OpenTV Corp., Silicon Valley Bancshares and Bay View Capital Corporation. Ray began his career in public accounting, where he worked for several years at Coopers & Lybrand, LLP and Price Waterhouse LLP.
A certified public accountant and a certified forensic accountant, Ray earned a Bachelor of Science in Accounting, with honors, from Arizona State University.
"I would like to thank Neil Edwards for his significantly increased contributions as Interim CFO during the past several months," Goldston continued. "I look forward to Neil's contributions to the company as he continues as our senior vice president, finance, treasurer and chief accounting officer working closely with Scott Ray as a key member of his team."
About United Online
United Online, Inc. (Nasdaq:UNTD) is a leading provider of consumer Internet and media services. The company's Content & Media services include online social networking (Classmates) and online loyalty marketing (MyPoints). Its Communications services include Internet access (NetZero, Juno) and email. United Online is headquartered in Woodland Hills, CA, with offices in New York, NY; Fort Lee, NJ; Renton, WA; San Francisco, CA; Schaumburg, IL; Orem, UT; Erlangen, Germany; and Hyderabad, India.
Cautionary Information Regarding Forward-Looking Statements
This release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Information about potential factors that could affect the company's business, financial condition and results of operations is included in the company's annual and quarterly reports filed with the Securities and Exchange Commission (http://www.sec.gov), including, without limitation, information under the captions "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors."
CONTACT: United Online, Inc. Investors: Erik Randerson, CFA 818-287-3350 firstname.lastname@example.org
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