VuMee (OTCBB: VUME) has announced Michael Spiegel as Chief Executive Officer.
When asked what attracted him to the industry, Spiegel said that "the explosive growth of consumer time spent with mobile and new media along with the transition to smartphones and tablets, is a perfect storm of opportunity for a company like VuMee that can create value and monetize quality video content."
According to Cisco, global internet video traffic will be 55 percent of all consumer Internet traffic in 2016, up from 51 percent in 2011. The sum of all forms of video will be approximately 86 percent of global consumer traffic by 2016. The mobile media sector, reached the $1 billion revenue mark faster than any other communications industry and is predicted to hit the $100 billion mark.
Michael Spiegel is an established entrepreneur with a history of incubating technology startups since 1996. He has been an integral part in developing the burgeoning South Florida technology sector. Mr. Spiegel was the President of MNS Holdings, a real estate holding company located in Fort Lauderdale, Florida, from 2005 to 2011. In 1998 he founded WebUnited, one of the first regional ISP’s in South Florida, and was its CEO until it was sold in 2004. Prior to that, he served as the CEO of Protectpoint Security, a managed security platform for small to mid-sized businesses. Mr. Spiegel and his wife are avid philanthropists for various national and international causes.About VuMee VuMee is a digital mobile advertising platform designed to provide high profile individuals and brands the ability to connect with fans and consumers via engaging and entertaining video content. VuMee utilizes user-friendly push technology to help connect companies, brands and celebrities to targeted consumer segments. It acts as a unique platform to hear from consumers, build visual relationships and connect users with their favorite celebrities and brands through both mobile and PC platforms. Forward-Looking Statements. Certain of the above statements contained in this press release contain 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. Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks and uncertainties, including but not limited to, risks associated with the company's future growth and operating results, the uncertainty of market acceptance of the company's business plan, competitive factors and general economic conditions. VuMee has no duty and undertakes no obligation to update such statements.