Communicate.com (CMNN) CEO David Jeffs steps down
Some Canadian news from the public Domain Company Communicate.com, holders and developers of such sites as perfume.com. Their current CEO, David Jeffs stepped down:
From their blog:
VANCOUVER, BRITISH COLUMBIA — (MARKET WIRE) — June 01, 2007 — Communicate.com Inc. (OTCBB: CMNN), an emerging growth, debt-free eCommerce company, is pleased to announce the appointment of seasoned Internet industry executive C. Geoffrey Hampson as Chief Executive Officer and Chairman of the Board of Directors, effective immediately.
David Jeffs will continue as Communicate.com’s President and will remain a Director of the Company’s Board.
Communicate.com is also pleased to announce that Mr. Hampson has invested USD$1 million into the Company through a non-brokered private placement of 1 million units. Each unit consists of a common share of Communicate.com and a common share warrant exercisable at $1.25 per share. As per U.S. Securities regulations, the common shares are restricted and are subject to a minimum one-year holding period.
Mr. Hampson has been a Founder, President and CEO of many successful start-up and operating companies over the last 25 years. Mr. Hampson was CEO and President of PEER 1 Network Enterprises, Inc., an Internet infrastructure company. During his leadership, PEER 1 grew from a small local player with annual revenues of approximately USD$250,000 to one of the largest in the industry, with annual revenues of approximately USD$61,000,000 and data centers and network points of presence in 14 cities across North America and in Europe. Mr. Hampson was the founder and CEO of Novocon International Inc., a manufacturer of fiber products for composite reinforcement until Synthetic Industries acquired it in 1997.
[via blog.cmnn.com]
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