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SourceForge Appoints Scott L. Kauffman President and Chief Executive Officer
Veteran Executive Solidifies SourceForge's Focus as an Internet Media and E-Commerce Company
MOUNTAIN VIEW, CA -- (Marketwire) -- 12/04/08 -- SourceForge, Inc. (NASDAQ: LNUX), theleader in IT community-driven media and e-commerce, today announced theappointment of Scott L. Kauffman as the Company's President and ChiefExecutive Officer, and a member of the Board of Directors.
Most recently, Kauffman was President and CEO of PopTok, a start-up thatfacilitates the personalizing and digitizing of television, movie and musicvideo snippets for use in everyday conversations. He remains a member ofPopTok's board of directors. Previously, Kauffman was President and COO atBlueLithium, an Internet advertising network and performance marketingcompany, acquired by Yahoo. In addition, he has held executive leadershippositions at Zinio, MusicNow, Coremetrics, eCoverage and CompuServe.
"Scott has the level of energy and vision that we believe will help buildSourceForge into a major Internet company. He brings more than 20 years ofexecutive experience in digital entertainment and consumer-facing Internetbrands," said Robert M. Neumeister, Jr., Interim President, CEO andChairman of the Board of Directors of SourceForge. "The team is extremelyexcited to be adding an individual with such rock-solid leadership skillsand experience."
Kauffman was also President and CEO of AdKnowledge, a developer of webtraffic measurement solutions for Internet advertising, where he filed totake the company public after growing it to more than 100 customers, andlater negotiated its sale to a majority-owned subsidiary of CMGI. Kauffmanspent seven years at Time Warner in a variety of executive positionsincluding Vice President, Business Development for Time Warner Interactive,managing the New York digital media studio and creating interactivetelevision applications. Early in his career, Kauffman worked at Newsweekfor five years and was publisher of both Newsweek on Campus and Newsweek onHealth.
"SourceForge is a well-known innovator in online media and e-commerce. Thecompany enjoys a large and growing global audience of loyal customers andcommunity members," said Kauffman. "I'm looking forward to engaging all ofSourceForge's constituents to build on our strengths and grow SourceForgeinto a significantly larger player in our industry."
Kauffman holds an AB in English from Vassar College and an MBA in marketingfrom New York University. In 1996, Advertising Age named Kauffman one oftwenty digital media masters, and in 1992, Advertising Age named Kauffmanone of the top 100 marketers in the country. Kauffman currently serves as amember of the board of directors of Coremetrics, MDC Partners, PopTok andZango.
Effective today, Kauffman joins the Company as a part-time employee totransition management responsibilities. Kauffman will join the Company'sBoard of Directors and commence full-time responsibilities as the Company'sPresident and Chief Executive Officer on January 5, 2009. Neumeistercontinues as President and Chief Executive Officer on an interim basisuntil Kauffman assumes full-time responsibilities.
About SourceForge, Inc.
SourceForge's media and e-commerce web sites connect millions ofinfluential technology professionals and enthusiasts each day. Combininguser-developed content, online marketplaces and e-commerce, SourceForge isthe global technology community's nexus for information exchange, goods forgeeks, and open source software distribution and services. SourceForge'snetwork of web sites serves 34 million unique visitors each month* andincludes: SourceForge.net, Slashdot, ThinkGeek, Linux.com andfreshmeat.net. For more information or to view the media kit online, visitwww.sourceforge.com. (*Source: Google Analytics and Omniture, October2008.)
SourceForge, SourceForge.net, Slashdot, freshmeat, and ThinkGeek areregistered trademarks of SourceForge, Inc. in the United States and othercountries. All other trademarks or product names are property of theirrespective owners.
NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release containsforward-looking statements within the meaning of the Private SecuritiesLitigation Reform Act of 1995. These statements are based on management'scurrent expectations, and involve risks and uncertainties. Forward-lookingstatements include statements regarding the appointment of a new Presidentand Chief Executive Officer and the commencement of his full-time serviceswith the Company, and his ability to have an impact in building SourceForgeinto a major Internet company and expanding its role in its industry.Actual results may differ materially from those expressed or implied insuch forward-looking statements due to various factors, including thetiming of Kauffman assuming full-time responsibilities as the Company'sPresident and Chief Executive Officer, and his ability to successfullyexecute on the Company's business objectives, as well as the other riskfactors identified in the Company's Annual Report on Form 10-K for thefiscal year ended July 31, 2008. These documents are available at theSecurities and Exchange Commission web site: www.sec.gov. Allforward-looking statements included in this press release are based uponinformation available to SourceForge, Inc. as of the date hereof, andSourceForge, Inc. does not assume any obligations to update such statementsor the reasons why actual results could differ materially from thoseprojected in such statements.
Contact:Investor RelationsSourceForge, Inc.(650) 694-2164Email Contact
"Scott has the level of energy and vision that we believe will help buildSourceForge into a major Internet company. He brings more than 20 years ofexecutive experience in digital entertainment and consumer-facing Internetbrands," said Robert M. Neumeister, Jr., Interim President, CEO andChairman of the Board of Directors of SourceForge. "The team is extremelyexcited to be adding an individual with such rock-solid leadership skillsand experience."
Kauffman was also President and CEO of AdKnowledge, a developer of webtraffic measurement solutions for Internet advertising, where he filed totake the company public after growing it to more than 100 customers, andlater negotiated its sale to a majority-owned subsidiary of CMGI. Kauffmanspent seven years at Time Warner in a variety of executive positionsincluding Vice President, Business Development for Time Warner Interactive,managing the New York digital media studio and creating interactivetelevision applications. Early in his career, Kauffman worked at Newsweekfor five years and was publisher of both Newsweek on Campus and Newsweek onHealth.
"SourceForge is a well-known innovator in online media and e-commerce. Thecompany enjoys a large and growing global audience of loyal customers andcommunity members," said Kauffman. "I'm looking forward to engaging all ofSourceForge's constituents to build on our strengths and grow SourceForgeinto a significantly larger player in our industry."
Kauffman holds an AB in English from Vassar College and an MBA in marketingfrom New York University. In 1996, Advertising Age named Kauffman one oftwenty digital media masters, and in 1992, Advertising Age named Kauffmanone of the top 100 marketers in the country. Kauffman currently serves as amember of the board of directors of Coremetrics, MDC Partners, PopTok andZango.
Effective today, Kauffman joins the Company as a part-time employee totransition management responsibilities. Kauffman will join the Company'sBoard of Directors and commence full-time responsibilities as the Company'sPresident and Chief Executive Officer on January 5, 2009. Neumeistercontinues as President and Chief Executive Officer on an interim basisuntil Kauffman assumes full-time responsibilities.
About SourceForge, Inc.
SourceForge's media and e-commerce web sites connect millions ofinfluential technology professionals and enthusiasts each day. Combininguser-developed content, online marketplaces and e-commerce, SourceForge isthe global technology community's nexus for information exchange, goods forgeeks, and open source software distribution and services. SourceForge'snetwork of web sites serves 34 million unique visitors each month* andincludes: SourceForge.net, Slashdot, ThinkGeek, Linux.com andfreshmeat.net. For more information or to view the media kit online, visitwww.sourceforge.com. (*Source: Google Analytics and Omniture, October2008.)
SourceForge, SourceForge.net, Slashdot, freshmeat, and ThinkGeek areregistered trademarks of SourceForge, Inc. in the United States and othercountries. All other trademarks or product names are property of theirrespective owners.
NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release containsforward-looking statements within the meaning of the Private SecuritiesLitigation Reform Act of 1995. These statements are based on management'scurrent expectations, and involve risks and uncertainties. Forward-lookingstatements include statements regarding the appointment of a new Presidentand Chief Executive Officer and the commencement of his full-time serviceswith the Company, and his ability to have an impact in building SourceForgeinto a major Internet company and expanding its role in its industry.Actual results may differ materially from those expressed or implied insuch forward-looking statements due to various factors, including thetiming of Kauffman assuming full-time responsibilities as the Company'sPresident and Chief Executive Officer, and his ability to successfullyexecute on the Company's business objectives, as well as the other riskfactors identified in the Company's Annual Report on Form 10-K for thefiscal year ended July 31, 2008. These documents are available at theSecurities and Exchange Commission web site: www.sec.gov. Allforward-looking statements included in this press release are based uponinformation available to SourceForge, Inc. as of the date hereof, andSourceForge, Inc. does not assume any obligations to update such statementsor the reasons why actual results could differ materially from thoseprojected in such statements.
Contact:Investor RelationsSourceForge, Inc.(650) 694-2164Email Contact
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