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Press ReleaseEspial Appoints Bob Daly CFOOctober 12, 2006
October 12, 2006 - Espial® IPTV, a leading provider of IPTV middleware and applications, today announced the appointment of Bob Daly as CFO. Mr. Daly has more than 20 years experience in senior positions with both public and private companies. He joins Espial at a time of accelerating growth and will be responsible for ensuring strong financial controls and accounting best practices at the company. Mr. Daly is a Chartered Accountant with financial leadership in the high tech sector for both start-ups and large multi-billion dollar public companies. As Vice President of Finance for JDS Uniphase during that company's period of hyper-growth, Mr. Daly guided day-to-day financial functions and led statutory financial reporting and filing requirements. He was also a key member of the operations team responsible for business unit strategy, operational targets, and international business performance. Other roles for Mr. Daly include CFO for Oprel Technologies and Controller for Cognos Incorporated. For the past four years, he has been a highly sought-after consultant and President of Business Planning Associates, where he advised firms on financial reporting and control, corporate strategy, operations planning, and corporate finance. Highlights of his consulting experience include interim roles as CFO, leading a client to an initial public offering, and advising a major financial institution in the creation of a $50 million venture capital fund. “I am delighted that Espial is adding the caliber of financial leadership talent that Bob represents,” said Espial CEO Jaison Dolvane . “Not only does he provide financial management best practices, but he adds significant experience and strategic insight to the Espial management team that will help us optimize our growth.” Espial's Evo ® IPTV service platform has been in high demand by carriers rolling out IPTV services. Evo's turbo-fast performance, openness, and modularity have attracted service provider customers across the globe and driven Espial's IPTV revenue growth to 100% annually over the past three years. “Espial is a robust and growing market leader in the burgeoning IPTV industry,” said Daly. “I look forward to helping Espial maintain strong financial discipline while exploring financial structures to further accelerate the company's growth. Espial has a bright future ahead and I am excited to be part of its next stage of strategic development.” Mr. Daly has a Bachelor of Commerce with Distinction from Mount Allison University , Sackville, N.B. - 30 - ABOUT ESPIAL IPTV ( www.espial.com ) Espial provides IPTV middleware and applications that are fully skinnable, turbo-fast, and truly open. Espial's Evo ® IPTV service platform includes applications such as SkinTones ®, Electronic Program Guide, Video on Demand, Content Portal, Games, Triple Play, and Web Browsing. Espial products have been integrated with or deployed by more than 100 vendors and operators including Siemens, Motorola, Sumitomo Electric Networks, Amino, Thomson, Philips, Tilgin, LodgeNet, OnCommand and S-Net Systems. Media Contacts: Espial IPTV Meredith Dundas +1-613-230-4770 x1142
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