24.05.2010 20:17:00
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Idle Media Appoints Marcus Frasier as President and CEO
Idle Media (OTCBB: IDLM) announced today the completion of the merger with National Golf Emporium. In addition, Marcus Frasier has been appointed President and CEO of Idle Media. Frasier replaces Bryan Sawarynski, who resigned effective immediately.
Since 2004, Mr. Frasier has successfully founded several online companies, including the very popular and successful idleriot.com – an online media site similar to what collegehumor.com has become - which he later sold in 2006 for an undisclosed amount. In 2005, Idle Media was created as the holding company. That same year Mr. Frasier founded DatPiff.com, the number one online source for mixtapes. Mr. Frasier has extensive knowledge and experience in Information Technology and has been instrumental in the development of all of Idle Media’s online companies.
"We thank Bryan Sawarynski for his professionalism during this transition and we wish him well in the future,” said Marcus Frasier, President and CEO of Idle Media.
Mr. Sawarynski added, "I’m very honored to have worked with Marcus during this period. His extensive background and knowledge in programming and information technology coupled with his keen entrepreneurial business sense makes Marcus the ideal candidate to lead Idle Media.”
Idle Media also filed its financials for the second quarter ending March 31, 2010. The company reported pro-forma consolidated revenues $518,620 and net income of $248,352 for the second quarter ending March 31, 2010. The company’s complete filing and financial report can be accessed via the SEC website.
Mr. Frasier further stated, "Idle Media has rolled out its business and marketing plan. We are working on several projects and over the next couple of weeks anticipate making announcements regarding these exciting ventures that are in the pipeline. We believe that completion of these projects will not only increase revenue for the company, but also increase shareholder value as we work towards building relationships with the financial community to garner support in the company’s public stock
Idle Media is a technology company that supplies a range of Internet and communications services through its wholly owned operating companies.
Information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects" and similar expressions are intended to identify forward-looking statements. The forward-looking statements may include our future operations, financial condition and prospects and business strategies. These forward-looking statements are subject to certain risks and uncertainties that could cause our actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this press release or in other documents including those filed with the SEC. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
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