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James G. Dole Joins WorldGate As Chief Financial Officer

 

WorldGate, (OTCBB: WGAT.OB) a leading provider of next-generation video phone solutions, announced today that Mr. James G. Dole has joined WorldGate as the Company’s Chief Financial Officer, Treasurer and Senior Vice President, Finance. Mr. Dole will replace Mr. Joel Boyarski, who will remain with the Company in his role as the principal accounting officer and principal financial officer until the end of August and then in a senior advisory role until his retirement from WorldGate effective October 20, 2010.

“Over the past decade, Joel has been an important member of the senior management team and has been instrumental in leading WorldGate’s financial operations. I wish Joel the very best and would like to express my very sincere appreciation for his many significant contributions to WorldGate,” said George E. Daddis Jr., CEO of WorldGate. Mr. Boyarski commented, “The last ten years at WorldGate have been very rewarding for me, both personally and professionally. As WorldGate is about to enter a new phase, I am confident that the management team and the rest of my friends at WorldGate will continue to build on the progress we have achieved. For me, this also marks a new beginning, and I look forward to enjoying all the new opportunities it will bring.”

“We are very pleased to welcome Jim to the WorldGate team,” said Mr. Daddis. “Jim’s an enterprising, forward-thinking finance and operations executive who brings more than 25 years of strategic planning, mergers and acquisitions, business development, financial management and capital markets experience to WorldGate. The fact that WorldGate continues to attract such talented and experienced leaders like Jim is a testament to our technology and the attractiveness of the opportunities before us.”

“I am honored to join WorldGate and I look forward to working with my new colleagues to build long-term shareholder value,” said Mr. Dole. “With the recent industry announcements around video communications from companies like Apple and Cisco, and the upcoming launch of WorldGate’s next generation video technology platform and the Ojo Vision video phone, it’s clear to me WorldGate is in the right place at the right time.”

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