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Doug Schnieder Joins CommerceTel Corp. (MFON.OB) Board Of Directors

Jan. 24, 2011 10:37 AM ET
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Friday, CommerceTel announced the appointment of Doug Schneider to its Board of Directors. The company feels confident that they will benefit from Schneider’s years of industry experience. Prior to joining CommerceTel, Schneider was CEO at Genea Energy, where he increased gross margins, as well as sales by over 42%, by transforming the business into a software-as-a-service smart building company. Schneider was also president of the SME Hosting Business Unit at Verio, building a domain-based hosting company and website provider that serves 140 countries. In addition, he held C-level and senior executive positions at AllCell and Cellular One.

Schneider holds positions with two other companies: Pelion Venture Partners, an investment group, where he serves as an investment advisor; as well as Transaction Wireless, a publisher of virtual an mobile gift cards, where he acts as CEO. Schneider is a graduate of the University of California, holding a bachelor’s in mechanical engineering and an MBA he received at the Kellogg School of Management at Northwestern University.

“I’ve been a huge supporter of CommerceTel since its inception back in 2006,” said Mr. Schneider. “It’s a natural evolution to extend my involvement to the Board level now that the Company has entered the public markets and is poised to execute a very aggressive growth strategy. As a Director, I look forward to assisting in the Company’s success.”

Commerce Tel is a maker of proprietary mobile marketing technologies, and the creator of C4, a cloud-based enterprise platform that allows brands to serve advertising to and engage consumers via mobile communications and other sources. C4 integrates with PSTN/IP carriers and micropayment processing facilities, as well as SMS billing systems.

“I’m very excited to have Doug join the Company as a Director,” stated Dennis Becker, CommerceTel’s CEO. “Very few people have the background and proven experience in hyper-growth business models that Doug has, and it’s a huge testament to CommerceTel’s market position and growth strategy that he has agreed to serve on our Board.”

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