JERSEY CITY, NJ -- (Marketwired) -- 05/03/13 -- Single Touch Systems, Inc. (OTCBB: SITO), a technology based mobile media solutions provider, today announced that James Nelson has been elected to its Board of Directors. Mr. Nelson is a prominent business leader with significant experience as Director and Chairman of the audit committee of numerous private and public companies.
Mr. Nelson has served as a Director of Icahn Enterprises G.P. since 2001 and is a member of its audit committee. Currently, Mr. Nelson serves as a Director and member of the audit committee of one of Icahn Enterprises subsidiaries, Tropicana Entertainment. Mr. Nelson also serves as Director, and member of the audit committee of Take-Two Interactive Software and as Chairman of Voltari, Inc. (formerly Motricity, Inc.). In the past, Mr. Nelson has served as a Director and member of the audit committee of Atlantic Coast Entertainment Holdings and Director and chairman of the audit committee of the Viskase Companies.
Mr. Nelson from April 2009 through November 2012 served as a Director and chairman of the audit committee of Cequel Communications. He formerly served as Chairman and Chief Executive Officer of Eaglescliff Corporation, Chairman and Chief Executive Officer of Orbit Aviation, Chief Executive Officer and Co-Chairman of Orbitex Management, and Director of Orbitex Financial Services Group. Mr. Nelson had served as a Director and member of the audit committee of Shuffle Master and Director and member of the audit committee of Pacific Energy Resources.
"James rounds out our board of prominent business, finance and technology leaders. His vast experience in unlocking shareholder value and building companies is an asset to Single Touch. The composition of our board reflects the goals of our company to execute on a tremendous opportunity," stated Single Touch's President and CEO James Orsini.
Mr. Nelson added, "As Single Touch advances both its operating business and the monetization of its IP portfolio, the Company is emerging as a well positioned member of the large and growing mobile technology space. I look forward to contributing to the Company's evolution and success."
Concurrent with Mr. Nelson becoming a Director, Richard Siber is retiring from Single Touch's board after five years of serving as a Director to the Company.
"Since 2008 Richard has been a valuable member of our board and our team. With his deep experience in the wireless industry, he has helped shape and grow the Company to where we are today. We thank him for his contributions and steadfast support of Single Touch," stated Single Touch Chairman and Chief Innovation Officer, Anthony Macaluso.
Orsini added, "Having been on our audit, compensation, governance and nominating committees, Richard has played an important role in our corporate development and we thank him for his guidance."
About Single Touch Systems, Inc.
Single Touch Systems, Inc. is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented technologies and a modular, adaptable platform, Single Touch's multi-channel messaging gateway enables marketers to reach consumers on all types of connected devices, with information that engages interest, drives transactions and strengthens relationships and loyalty. For more information about Single Touch Systems, Inc. visit: www.singletouch.net
This news release may contain forward-looking statements that involve risks and uncertainties and reflect Single Touch's judgment as of the date of this release. These statements may include those regarding strategy, growth and future operations. Actual events or results may differ from Single Touch's expectations. The risks and uncertainties include reliance on brand owners and wireless carriers, the possible need for additional capital, as well as other risks identified in Single Touch's filings with the SEC. Single Touch disclaims any intent or obligation to update these forward-looking statements beyond the date of this press release, except as may be required by law.
Investor and Media Contact:
Hampton Growth IR
Source: Single Touch Systems