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Co-Founder Of Pandora - Will Glaser Joins OverNear's Board Of Advisors

LOS ANGELES, Dec. 6, 2012 /PRNewswire/ -- OverNear, Inc., developer of an evolutionary mobile application that extends social networking " from online to on-land," today announced the addition of Will Glaser to its Board of Advisors. Glaser is co-founder and former COO/CTO of Pandora Media, where he ran its operations and product development.

"Will has extraordinary insight into the solutions demanded by users in analytics-driven, data-intensive industries, and we are very pleased to welcome him to OverNear's Board of Advisors," said Fred E. Tannous, co-founder and CEO of OverNear, Inc. "As we move toward harnessing Big Data to understand how people and organizations connect, OverNear is expected to apply this knowledge through mobile technology to improve connections in the real world. Will's experience in this category is an invaluable asset to our organization."

"OverNear uses the power of big data and mobile technology to uncover and capture actionable opportunities that would otherwise simply pass you by," Glaser said. "I am confident that my role on OverNear's Board of Advisors will aid the company in delivering on-target solutions for socially-driven and data-intensive initiatives."

Previously, Glaser also founded and served as VP of Engineering for Hydra Systems, at which time he was recognized by Microtimes as one of the "100 Most Influential People in High Technology." He was Senior Systems Engineer at Amtel Video, where he co-invented and developed Amtel's Crystal Scan HDTV display technology. Glaser earned his Bachelor of Arts and Sciences from Cornell University with a triple major in Computer Science, Mathematics and Physics. In addition to board memberships at his own startups, Mr. Glaser served as Board Chair of The Boyer House Foundation and as Board Chair of University Safari.

About OverNear:

OverNear is a Los Angeles-based startup developing a free mobile app expected to fulfill the promise of extending social networking into the real world via the smartphone. Employing its patent-pending Geospatial Remote Presence Technology, OverNear brings a new dimension to social networking by uncovering connection opportunities among users based on their present and future plans. Built from the ground up as a time-based, location-aware communications platform, OverNear offers a highly-integrated feature set that leverages the smartphone's location-based services to streamline the way people engage in real-world social interaction. Its unique, dual-mode location-awareness functionality with selective one-to-one location sharing capability, allows real-time delivery of proximity-based push notifications while providing users with complete control over their privacy settings. OverNear TM will be available in the Apple App Store in January 2013.

F orward-Looking Statements

This press release contains "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 that are based on current expectations, estimates, forecasts and assumptions and are subject to risks and uncertainties. Words such as "anticipate," "assume," "believe," "estimate," "expect," "goal," "intend," "plan," "project," "seek," "target," and variations of such words and similar expressions are intended to identify forward-looking statements.  Such forward-looking statements are subject to certain risks, uncertainties and assumptions that may cause actual results to differ materially from those expressed by the forward-looking statements, including, but not limited to, the following: general economic, industry and market sector conditions; the ability to obtain additional financing to implement the Company's long-term growth strategy; the ability of the Company to launch its product; the ability to effectively manage the Company's growth; the ability to anticipate and respond to changing consumer trends and preferences; reliance on the Company's management and its ability to attract and hire key personnel; the intense competition in the social mobile marketplace; the ability to establish and maintain brand recognition; the ability to develop and support successful applications for mobile platforms; the ability to advertise the Company's products through a variety of advertising media; the ability to develop and market new technologies to respond to rapid technological changes; increased governmental regulation of the online and mobile social networking or Internet industries; and circumstances that could disrupt the functioning of the Company's applications and websites.  In evaluating these statements, you should carefully consider these risks and uncertainties and those described under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" in the Company's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other Securities and Exchange Commission filings.

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