Glu Announces Appointment of New Board Member
May 10 2010 - 3:10PM
Business Wire
Glu Mobile Inc. (NASDAQ:GLUU), a leading global publisher of
mobile games, today announced the appointment of Matthew Drapkin to
its Board of Directors. This appointment expands the number of
directors on Glu’s Board from eight to nine.
“We are very pleased to have Matthew Drapkin join our Board of
Directors,” stated William J. Miller, Chairman of Glu. “Matthew
brings a wealth of financial, operational and strategic expertise
to the Board. We are confident he will be a valuable resource for
the Company as we continue to focus on executing our growth
strategy and building stockholder value over the long-term.”
Matthew Drapkin has been a partner at Greenway Capital, a
private investment firm, since December 2009. Previously, Mr.
Drapkin served as head of research, special situations, and private
equity at ENSO Capital, a New York based hedge fund, from March
2008 to October 2009. From January 2003 to March 2008, Mr. Drapkin
worked at MacAndrews & Forbes, a private equity firm, where he
most recently served as the Senior Vice President, Corporate
Development, responsible for sourcing, evaluating, and executing
investment opportunities. Prior to MacAndrews, Mr. Drapkin served
as general manager of two of Conde Nast publication’s wholly-owned
Internet sites and as an investment banker at Goldman, Sachs &
Co. He has a Masters of Business Administration, Finance from
Columbia University School of Business, a Juris Doctor from
Columbia University School of Law and a Bachelor of Arts degree in
American History from Princeton University. Mr. Drapkin serves on
the board of directors of Plato Learning (NASDAQ:TUTR) and Alloy,
Inc. (NASDAQ:ALOY) and the Columbia Law School Board of
Visitors.
About Glu Mobile
Glu (NASDAQ:GLUU) is a leading global publisher of mobile games
for feature phones and smartphones. Its portfolio of top-rated
games includes original titles Beat It!, Bonsai Blast, Brain
Genius, Glyder, Stranded, Super K.O. Boxing! and titles based on
major brands from partners including Activision, Atari, Fox Mobile
Entertainment, Harrah's, Hasbro, Konami, Microsoft, PlayFirst,
PopCap Games, SEGA, Sony and Warner Bros. Founded in 2001, Glu is
based in San Mateo, Calif. and has offices in Brazil, Canada,
Chile, China, England, France, Germany, Italy, Russia and Spain.
Consumers can find high-quality, fresh entertainment created
exclusively for their mobile phones wherever they see the 'g'
character logo or at www.glu.com. For live updates, please follow
Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at
Facebook.com/glumobile.
BONSAI BLAST, BRAIN GENIUS, GLU, GLU MOBILE, STRANDED, SUPER
K.O. BOXING! and the 'g' character logo are trademarks of Glu
Mobile Inc.
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements, including
our expectation that Mr. Drapkin will be a valuable resource to Glu
and statements regarding our ability to execute on our growth
strategy and build stockholder value over the long-term. These
forward-looking statements are subject to material risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. Investors should
consider important risk factors, which include: the risk that
growth of smartphones and advanced networks does not grow as
significantly as we anticipate or that we will be unable to
capitalize on any such growth; the risk that we may have
insufficient working capital to effectively execute our business
strategy, including expanding our smartphone studio capacity and
focusing on our new social, persistent product strategy, while
continuing to address our traditional carrier-based business, and
that, even if we do execute our business strategy, we may not
derive the revenues that we expect; and other risks detailed under
the caption "Risk Factors" in our Form 10-K filed with the
Securities and Exchange Commission on March 31, 2010 and our other
SEC filings. You can locate these reports through our website at
http://www.glu.com/investors. We are under no obligation, and
expressly disclaim any obligation, to update or alter our
forward-looking statements whether as a result of new information,
future events or otherwise.
Glu Mobile (NASDAQ:GLUU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Glu Mobile (NASDAQ:GLUU)
Historical Stock Chart
From Jul 2023 to Jul 2024