Turning Pennies into dollars: (OTCBB:DGTW) DigitalTown, Inc
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DigitalTown Names Jan K. Andersen as CEO
(OTCBB:DGTW) DigitalTown, Inc.
Tuesday January 27, 6:00 am ET
MINNEAPOLIS, MN-Jan 27, 2009 - The board of directors of DigitalTown, Inc. recently named Jan K. Andersen to the new position of Chief Executive Officer. Richard A. Pomije will continue as Chairman of the Corporation
Andersen most recently served as President and CEO of Bellacor.com, which he led from its inception in 2000 to become a leading e-tailer in the home furnishings category. While at Bellacor.com, he grew revenues by more than 50% annually and brought the company to profitability within a year of its initial launch. He was also an early pioneer of several e-tail strategies now commonplace.
Prior to Bellacor.com, as VP of Marketing, he was a driving force at NetRadio.com, a pioneer in streaming audio on-line. While at NetRadio, he designed the strategy that led to the company becoming a leader in streaming music on-line by originating the concept of "narrowcasting" or highly specialized music programming.
"I am extremely excited about joining DigitalTown, Inc.," said Andersen, "and looking forward to the challenges that lie ahead. DigitalTown presents the opportunity to launch one of the largest locally based community networks in the country. Digital Town's 27,000 online communities centered on the local high school represent enormous potential to integrate the grassroots with national outreach and networking. This integration will deliver new opportunities to students, their schools and communities and to our partners serving them."
Andersen, who originally stems from Denmark, received his MBA from the University of St Thomas in St. Paul, Minnesota.
Richard A. Pomije, founder and chairman, said of Andersen, "With Jan's 14 years of internet experience, multiyear performance profitability and leadership, DigitalTown has an able captain to lead our team through this time of rapid growth."
About DigitalTown
DigitalTown, Inc in Burnsville, Minn., is developing a nationwide network of more than 27,000 local online communities for high school students, alumni, boosters and local citizens.
Safe Harbor Language
Any statements contained here-in related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 1995. Readers are cautioned not to place undue reliance on forward-looking statements. DigitalTown, Inc. undertakes no obligation to update any such statements to reflect actual events. For more information, please visit www.digitaltown.com.
Contact:
Company Contact: info@digitaltown.com 890-2362 Source: DigitalTown, Inc.
Profile for DigitalTown, Inc.
DigitalTown, Inc. focuses on the design and development of digitaltown social-networking portal. Its portal connects local online spirit sites formed around a town and its high school, as well as includes features, such as email, alumni communication and reunion tools, calendar, and organizing tools for boosters, personal profiles, photo, video and music sharing, and timely community news. The company owns the domains associated with all of these communities. It owns Laptopcomputers.com and Notebookcomputers.com, which are PC related domains, as well as GoSchools.com domains, which specialize in high school domain names. DigitalTown, formerly known as BDC Capital, Inc., was founded in 1982 a... Detailed DGTW Company Description...
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