QUEBEC CITY, Dec. 3 /CNW Telbec/ - WANTED Technologies Corporation (TSX-V: WAN), the leading source of insight and analysis based on hiring demand, announces the election of the Board of directors of the Company. The shareholders of WANTED approved, at the annual shareholders' meeting held on December 3rd, 2009, to increase the number of directors to seven by re-electing Tim Baskerville, Jean Énault, Guy Girard, André Forest, Bruce Murray and Jan Oosterwaal as well as by approving the nomination of Meredith Amdur as new Board member.
Ms. Amdur is currently head of Strategy/Strategic Planning for Microsoft Corporation's Entertainment & Devices division, a portfolio of businesses of approximately $8 billion that includes Xbox, Windows Mobile, PC Hardware, Windows Embedded Software and MSTV. Amdur joined Microsoft in 2007 as director of Strategy for the Xbox business.
Prior to her role with Microsoft, Ms. Amdur was a management consultant with Deloitte Consulting LLP, managing a range of strategy development, financial and operations improvement projects for client companies in the media, publishing, telecommunications and Internet space globally. She also served as director of the Media & Content practice for Paris-based satellite industry consultancy, Vista Advisers, providing international strategic planning and market appraisal and valuation services. Prior to her career in corporate strategy and planning, Amdur spent 15 years in business information publishing in both the U.S. and Europe. Ms. Amdur holds an MBA from Cornell University, an MSc from the London School of Economics and a BA from the University of North Carolina at Chapel Hill.
WANTED also announces the issuance of a total of 150,000 stock options to three members of its executive team and 50,000 stock options to Meredith Amdur, for a total issuance of 200,000 stock options, all in accordance with the stock option plan of the Company. Each option is subject to a 90 day hold period and entitles its holder to purchase 1 common share of WANTED at a price of $0.40 per share for a five-year period, up to 20% per year, on a cumulative basis.
About WANTED Technologies Corporation
WANTED is the leading source of insight and analysis based on hiring demand. Clients in the media, HR/staffing, financial services and government sectors use WANTED's online data and SaaS-based analytical solutions to identify economic trends, analyze competitive and market activities and prioritize sales opportunities.
WANTED is also the exclusive data provider for The Conference Board's Help-Wanted OnLine Data Series(TM), the monthly economic indicator of hiring demand in the United States.
WANTED Technologies (TSX-V:WAN) was founded in 1999. The company's headquarters are in Quebec City, Canada, and it maintains a US-based subsidiary with primary offices in New York City. The company began collecting detailed hiring demand data in 2002, and currently maintains a database of hundreds of millions of unique job listings. Visit www.wantedtech.com for more information about how WANTED helps organizations make better decisions and improve sales results.
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SOURCE WANTED Technologies Corp.
For further information: For further information: Mr. Bruce Murray, President and CEO, (418) 523-6663, ext. 222; Mr. Martin Auclair, VP Finance and CFO, (418) 523-6663, ext. 337; Source: WANTED Technologies Corp.