Leo Hindery Jr., a managing partner of private equity fund InterMedia Partners LP, has joined the board of PhoneGuard Inc. PhoneGuard is a subsidiary of Options Media Group Holdings, and a provider of mobile applications software. . Hindery is the former chairman and chief executive of The YES Network, which he founded.
PhoneGuard, Inc., a subsidiary of Options Media Group Holdings, Inc. (OTCQB: OPMG) (PINKSHEETS: OPMG), a leading provider of mobile applications software, today announced that it has expanded its Board of Directors to four members with the appointment of Leo Hindery, Jr., Managing Partner of InterMedia Partners, LP.
“Leo Hindery is an experienced mobile telecom, internet and media veteran and we welcome him to the Board of Directors of PhoneGuard,” said Keith St. Clair, Chairman of PhoneGuard. “We look forward to benefiting from Leo’s experience and long-standing relationships in the mobile internet space as the company executes its growth strategy and aspires to become the preferred texting and personal security phone application in the marketplace.”
Leo Hindery, Jr. (64) is Managing Partner of InterMedia Partners, LP, a New York-based media industry private equity fund. Until 2004, Mr. Hindery was Chairman and Chief Executive Officer of The YES Network, the nation’s largest regional sports network, which he founded in 2001 as the television home of the New York Yankees. Before that, Mr. Hindery headed Tele-Communications, Inc. (TCI) until it was merged into AT&T in 1999, at which time he became CEO of AT&T Broadband.
For more information regarding PhoneGuard applications, visit www.PhoneGuard.com, www.facebook.com/PhoneGuard or on Twitter at @Phone_Guard.
About PhoneGuard, Inc.
PhoneGuard, Inc., a subsidiary of Options Media Group Holdings, Inc., is a leading provider of mobile applications software. The Company’s flagship product, personal security and anti-texting while driving software application suite, is a next-generation software suite with the most robust set of features and functions available today. The software product, which is easily downloadable to mobile phones, allows for GPS tracking of the mobile device in order to calculate the rate of speed of travel. Above certain predetermined speeds, the software will lock the keyboard and prevent the user from emailing, surfing the web or texting. While PhoneGuard’s Software is designed to prevent texting while driving, it also offers parents and employers the ability to monitor the driving habits of mobile phone users in order to prevent speeding. www.PhoneGuard.com.
Forward Looking Statements
This press release contains forward-looking statements including potential revenue from the sale of PhoneGuard products, our belief that the timing of our introduction of the product is optimal and plans for the sale of PhoneGuard. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, 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. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include unanticipated changes to the working relationship between Justin Bieber and PhoneGuard and Cellairis and PhoneGuard, and the willingness and/or the ability of consumers to pay for the paid application.
Further information on Options Media’s risk factors is contained in its filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2010. Any forward-looking statement made by Options Media in this press release speaks only as of the date on which it is made. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.