TORONTO, Nov. 27 /CNW/ - Kaboose Inc. (TSX:KAB), the largest independent
family-focused online media company in North America, today announced that
Internet and technology industry veteran Craig Wallace has been appointed
President and Chief Operating Officer. With specific expertise in operational
leadership, strategic planning, team building and business development, Mr.
Wallace brings to Kaboose more than a quarter of a century of experience
building, growing and operating successful Internet and technology based
businesses. Mr. Wallace will be responsible for the overall operations of
Kaboose and will report directly to Jason DeZwirek, the Company's Chairman and
Chief Executive Officer.
Mr. Wallace is the former President and Chief Executive Officer of AOL
Canada Inc., where he was responsible for the Company's overall strategic
direction and management. Prior to this, Mr. Wallace was President and Chief
Operating Officer of PC Docs Group, a leading global document management
software company that traded on both NASDAQ and the TSX and had over 600
employees prior to being sold to Hummingbird Communications. Mr. Wallace was
also the President and Chief Executive Officer of iSTAR Internet Inc., a
publicly traded Internet Service Provider. Prior thereto, Mr. Wallace held a
variety of increasingly senior executive positions at Microsoft Canada,
including National Sales Manager, Director of Marketing and Director of Sales
and Marketing for the Enterprise Division.
"Craig has a proven 25-year track record of leading both well-established
and emerging Internet and technology companies," said Jason DeZwirek, Chairman
and Chief Executive Officer of Kaboose. "His broad experience in sales,
marketing, finance and management will be a valuable addition to our
organization and our senior executive team as we continue to execute on our
"Kaboose has experienced rapid and impressive growth over the past few
years," noted Mr. Wallace. "There are very few opportunities to join a company
with such a strong market position in such a fast growing sector. I look
forward to leading this strong team of professionals through the next stage of
growth and expansion."
Mr. Wallace succeeds Jonathan Graff, who will assume the role of
Vice-Chairman. Mr. DeZwirek commented, "I want to personally thank Jonathan
for his significant contributions to the Company while serving in the role of
President over the past four years. Jonathan has been an integral part of
Kaboose's evolution and growth, and has played a critical role in the eight
acquisitions completed during his tenure. In his new role, Jonathan will be
fully focused on strategic initiatives, including corporate development and
About Kaboose Inc.
Kaboose is the largest independent, family-focused online media company
in North America and one of the top-five most visited family destinations
online. From pregnancy to parenting, birthday parties to scrapbooking, and
entertainment to education, Kaboose has the content and applications to help
parents plan and share their family life. Kaboose owns some of the world's
leading online properties targeting families, including BabyZone.com,
ParentZone.com, Kaboose.com, AmazingMoms.com, TwoPeasInABucket.com,
BubbleShare.com, BirthdayInABox.com, Funschool.com and Zeeks.com. Kaboose
trades on the Toronto Stock Exchange under the symbol "KAB."
This document may contain forward-looking statements, relating to Kaboose
Inc.'s operations or to the environment in which it operates, which are based
on Kaboose Inc.'s operations, estimates, forecasts and projections. These
statements are not guarantees of future performance and involve risks and
uncertainties that are difficult to predict, and/or are beyond Kaboose Inc.'s
control. A number of important factors could cause actual outcomes and results
to differ materially from those expressed in these forward-looking statements.
Consequently, readers should not place any undue reliance on such
forward-looking statements. Kaboose Inc. disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
For further information:
For further information: Jonathan Pollack, Chief Financial Officer for
Kaboose Inc. at TEL: (416) 593-3000 ext.290, FAX: (416) 593-4658