August 10, 2000 09:30am
New Frontier Media Announces Corporate Officer Changes; Kreloff to Retain Chairman and CEO Offices
Source: New Frontier Media, Inc.
by: Company Press Release
(BOULDER, CO) -- New Frontier Media, Inc. (Nasdaq: NOOF - news), a leader in the electronic distribution of adult entertainment, announced that at a recent board of directors meeting, Edward Bonn was named President of the Company. Mr. Bonn retains his titles of Chief Executive Officer of Interactive Telecom Network, Inc. and Card Transactions Inc., both wholly owned subsidiaries of New Frontier Media. At the same time, Brad Weber was named Executive Vice President and Treasurer of the Company. Mr. Weber retains his title as President and Chief Operating Officer of Interactive Telecom Network, Inc. and Card Transactions, Inc., both wholly owned subsidiaries of New Frontier Media. Mark Kreloff, former President, retains the offices of Chairman of the Board and Chief Executive Officer for New Frontier Media.
``These recent appointments strengthen our corporate infrastructure,'' stated Mark H. Kreloff, Chairman and CEO. ``Edward and Brad bring a tremendous amount of experience to the team and have already proven invaluable. I expect that they will continue to be instrumental as we execute our business plan. Their vision and leadership is essential to our organization. We welcome both Edward and Brad as corporate officers,'' concluded Kreloff.
Mr. Bonn became a director of New Frontier Media in June 1999 and joined New Frontier Media in October 1999 in conjunction with the acquisition of 100% of Interactive Gallery, Inc. and Interactive Telecom Network, Inc. (``ITN''), and 90% of Card Transactions, Inc. (``the acquisition''). Mr. Bonn is the founder and CEO of ITN. Mr. Bonn was formerly the Chairman of the Board of Independent Entertainment Group, a California-based, publicly traded, service bureau and information provider. Mr. Bonn was the founder of several companies including ICOM Group, Inc., an audio text service bureau that specialized in automated credit card processing and fraud control procedures. In addition, he founded Response Telemedia, Inc., a privately held company offering a variety of 800/900 information and entertainment. Mr. Bonn attended the University of Oregon from 1969-1972 with a focus in International Studies and attended business and accounting classes at UCLA from 1980-1982.
Mr. Weber joined New Frontier Media in October 1999 in conjunction with the acquisition by the Company and became a director of New Frontier Media's board. Mr. Weber joined ITN in 1995 as Executive Vice President and become Chief Operating Officer in January 1998. Mr. Weber was formerly Director of Interactive Audiotext Services, Inc., an audio text service bureau and information provider. He was also a founder and CEO of the ICOM Group, Inc., an audit text service bureau that specializes in automated credit card processing and fraud control procedures. Mr. Weber received his undergraduate degree in Economics at Occidental College and received his Masters in Business Administration from California Lutheran University.
ABOUT NEW FRONTIER MEDIA, INC.
New Frontier Media, Inc. is a leader in the electronic distribution of adult entertainment with an unparalleled library of content. Through its television subsidiary the Company distributes adult entertainment via pay-per-view and subscription table/satellite video networks. Cable/DBS networks include Pleasure(TM) the most-edited standard available in the category; TeN(TM) and ETC (Erotic Television Clips)(TM) which incorporate a partial-editing standard, and Extasy(TM) and True Blue(TM) which incorporate the least-edited standard.
Through its Internet subsidiaries, New Frontier Media designs, creates and implements Company-owned subscription/membership-based web sites for the adult Internet consumer markets. It also operates Internet traffic sales and acquisition programs for the adult webmaster community. In addition, the Company serves as a single source for a comprehensive range of high-performance Internet products and services, including transaction processing, dedicated access, web hosting, co-location, e-commerce application development, streaming media, and bandwidth management. New Frontier Media's network infrastructure enables the delivery of live and on-demand video events to millions of Internet users.
For more information, contact Keely Hawk, VP Corporate Communications of New Frontier Media, Inc., 303-444-0900, ext. 145.
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