Interact-TV Incorporated Announces John E. McConnaughy Jr. As New Director
WILMINGTON, Del., Aug. 22, 2012 /PRNewswire/ -- Interact-TV Incorporated (OTC: ITVI) is pleased to announce that is has appointed businessman and veteran corporate leader John E. McConnaughy Jr. to its Board of Directors.
Mr. McConnaughy founded JEMC Corporation as his personal holding company in 1985 and has been its Chairman and Chief Executive Officer since 1988.
Prior to that, from 1969 to February 1986, Mr. McConnaughy was Chairman and CEO of Peabody International Corp., an environmental products and services firm. Mr. McConnaughy was also the Chairman and CEO of GEO International Corp. when it was spun on from Peabody in 1981, until October of 1992. Prior to joining Peabody in 1969, Mr. McConnaughy served as Vice President of European Consumer Products with the Singer Company, responsible for operations in 16 countries.
Mr. McConnaughy currently serves on the boards of Aina Le'a LLC, Anoteros, Inc., Wave Systems Corp., Arrow Resources Development Inc. and one private company, Kinetitec.Mr. McConnaughy has been a director of over 15 other public and private companies, including Oxygene, Inc., Varsity Brands, Inc., Texstar Corporation, MAI Corporation, Pets Choice Ltd., Akzona Corp., First Bank Corp. (New Haven), Transact International, Inc., and RateXchange, who changed their name to MCF Corporation, Fortune Natural Resources Corporation, Allis Chalmers Energy Inc. and Levcor International Inc. Mr. McConnaughy also served as Chairman of the Board of Trustees of the Strang Cancer Prevention Center and he is Chairman of the Harlem School of the Arts. He is currently Chairman Emeritus of the latter. A graduate of Denison University with a B.A. in Economics, Mr. McConnaughy earned his M.B.A. in Marketing and Finance at Harvard's Graduate School of Business Administration. "We are very excited to have the opportunity to appoint Mr. McConnaughy, who brings unparalleled public company experience to our Board," said ITVI President Robert Bryan. "Along with Alan Brown, who we appointed earlier this year, we have added over 75 years of corporate and finance experience to our management. These appointments should serve notice that we are serious not only about the growth of our businesses, but also about our commitment to our shareholders through development of Interact as a solid corporate entity." Mr. McConnaughy also expressed enthusiasm at his appointment, remarking: "Among my proudest achievements is serving as Chairman of the Harlem School of Arts, and working with young people as they put their talents to use in creating the future. I look forward to my involvement with Interact as it seeks much the same purpose - to shepherd expressions of art to as wide an audience as possible. The marriage of sound business practice and worthy artistics is very exciting indeed."
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