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Ann: OFFICE: SNK: Snakk appoints new Chair; refreshes Board for new phase

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    • Release Date: 01/09/15 08:30
    • Summary: OFFICE: SNK: Snakk appoints new Chair; refreshes Board for new phase
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    					SNK
    01/09/2015 08:30
    OFFICE
    NOT PRICE SENSITIVE
    REL: 0830 HRS Snakk Media Limited
    
    OFFICE: SNK: Snakk appoints new Chair; refreshes Board for new phase
    
    SNK: MARKET UPDATE
    1 September 2015
    
    Snakk appoints new Chair; refreshes Board for next phase
    
    AUCKLAND, New Zealand, 1 September 2015 - With the next phase of
    international growth imminent for mobile advertising technology company Snakk
    Media Ltd., (NZAX: SNK), the company is continuing to evolve the Board, which
    has today appointed Australian technology industry veteran Peter James as
    Executive Director and Chair, a role that will now be based in Sydney.
    
    Mr James' experience includes over 20 years as a Board member of a range of
    Australian public companies. He currently chairs ASX-listed Macquarie Telecom
    Group Ltd in addition to a variety of emerging digital media and technology
    businesses in Australia and the US. Since 2003 until last week, Peter was a
    director of leading ASX-listed telecommunications company iiNet Ltd, recently
    acquired by TPG Telecom for AUD$1.5b.
    
    Current Chair Derek Handley, who has been with Snakk since co-founding the
    company in 2010, will step down as a director once the Board agrees an
    effective transition has taken place, likely by the end of 2015.
    
    Mr Handley believes the timing is right to rejuvenate the Board for the
    company's next level of growth and to transition out of the Executive Chair
    role as Snakk builds upon its entry into important new markets in Asia. As
    one of Snakk's largest shareholders, Mr Handley remains optimistic regarding
    the company's potential.
    
    "Snakk is evolving steadily and the time is right to refresh the Board,
    adding directors who have been involved with growth-stage companies, and who
    also have diverse technology-focused skillsets," says Mr Handley. "As
    companies move from start-up to listing, to entering multiple new markets, it
    is important they add new talent across all areas of the company. Refreshing
    and strengthening the Board is a key part of this process."
    
    In addition, current director Michelle Kong will retire from the Board
    following the company's Annual Meeting on 16 September. Ms Kong joined the
    Board prior to its stock exchange listing in March 2013.
    
    As the company enters its next stage, Ms Kong feels the time is right to add
    new talent to the Board. She is also looking to devote more time towards the
    growing demands of her young family, together with a return to full-time
    employment with her current employer, Spark. The Board thanks her for her
    valuable input during a critical time at the earliest stages of Snakk's
    journey and wishes her the best for the future.
    
    Martin Riegel, who has a successful and diverse background working in
    technology and its commercialisation in the US and New Zealand, was appointed
    to the Board in June. This signalled Snakk's first step in the Board's
    evolution, and the company is now looking forward to Peter James joining as
    Executive Chair.
    
    Mr James has a solid track record of joining early-stage listed companies,
    steering them toward significantly increased revenues and value. He says: "I
    am looking forward to joining Snakk. The company is well positioned to
    capitalise on the enormous and largely untapped opportunity of mobile
    advertising, with a growing number of consumers spending more time on these
    screens."
    
    Peter James - biography
    
    Peter has over 30 years' experience in the Technology, Telecommunications and
    Media Industries, and has extensive expertise as Chair, Non-Executive
    Director and Chief Executive Officer across a range of ASX-listed and private
    companies.
    
    He is currently the Chair of Macquarie Telecom Ltd and until recently was
    non-Executive Director of iiNet Ltd. He is also Chair of a range of emerging
    digital media and technology businesses in Australia and the US. He has over
    16 years experience in CEO roles including ASX-listed media and
    communications company Adcorp Australia Ltd, Ainsworth Game Technology Ltd,
    and Computer Power Group Ltd.
    
    Based in Sydney, Peter travels extensively reviewing innovation and consumer
    trends primarily in the US and Asia. He is a successful investor in a number
    of early-stage Digital Media and Technology businesses in Australia and the
    US. This included the leading Australian group buying site JumpOnIt which was
    sold to US-based LivingSocial in 2012.
    
    He also has a particular interest in building high performance,
    customer-focused teams and is one of the judges for the annual Aon Hewitt
    Best Employers program in Australia and New Zealand. He is a Fellow of the
    Australian Institute of Company Directors, a Member of the Australian
    Computer Society and holds a BA Degree with Majors in Computer Science and
    Business.
    
    ENDS
    
    For media enquiries, please contact:
    Julie Landry, 021 895 098, [email protected]
    
    For investor enquiries, please contact:
    Malcolm Lindeque, Company Secretary, 021 464 392, [email protected]
    www.snk.co.nz, www.twitter.com/snakkmedia
    
    About Snakk Media
    NZAX-listed Snakk Media helps brands find and reach consumers using apps,
    games and social media on their smartphones, tablets and other smart screens.
    The company generates revenue every time it successfully targets and delivers
    an ad across its networks of mobile websites, apps and games. The ads are
    targeted to ensure the right audiences see them at the right time and place.
    
    Snakk is one of the first public companies in the world that has met the
    rigorous social and environmental performance standards required to become a
    certified B Corporation.
    End CA:00269402 For:SNK    Type:OFFICE     Time:2015-09-01 08:30:31
    				
 
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