Replies to post #3496 on Hipcricket Inc.(fka HIPPQ)

[Amigo Mike]

Hipcricket Names Company Chairman Todd Wilson as Interim CEO and Promotes COO Doug Stovall to President
Marketwired Hipcricket, Inc.
10 hours ago

BELLEVUE, WA--(Marketwired - Jun 2, 2014) - Hipcricket®, Inc. (OTCBB: HIPP) (OTCQB: HIPP), a leader in mobile engagement and analytics, has appointed Chairman Todd Wilson as interim CEO, and has appointed COO Doug Stovall as president effective May 30. They succeed Ivan Braiker, whose employment ceased on that date. The company has also launched a search for his full-time replacement.

"On behalf of the board, I would like to thank Ivan for his dedication and leadership over the last 10 years," said Wilson. "As our company's co-founder, Ivan played a key role in establishing Hipcricket as a leader in the mobile marketing industry."

Wilson joined Hipcricket's board of directors in June 2010, was appointed chairman in June 2013, and will continue to serve in that capacity as well. He has more than 20 years of experience as an investor, board member and advisor to growing middle market companies. He received an MBA from the Fuqua School of Business at Duke University and a Bachelor's degree in Finance from The Wharton School of Business.

Stovall, a recognized mobile marketing expert, joined Hipcricket in 2010 as senior vice president of sales and was promoted to COO in June 2013. As president and COO, Stovall will be responsible for day-to-day operating activities and executing the company's strategy and vision.

"Doug brings the right talent, experience and leadership to the role of president," noted Wilson. "In fact, he has been highly successful in developing major partnerships and executing on client engagements since he joined Hipcricket in 2010. He has guided the launch of multiple products, like our advertising network, and played a vital role in Hipcricket's execution of 400,000 client campaigns. His strong leadership has helped establish our industry-leading 90% customer renewal rate, which has led to increasing sales. We expect Doug's vision and skilled execution will continue to drive the growth of Hipcricket."

Prior to joining Hipcricket, Stovall held management positions with mobile sales, product and services units with Acuity Mobile, Merkle, TeleCommunication Systems, Aether Systems and Xpedior. He holds a MBA with an emphasis in Organization and Operations Management from William Carey College and a Bachelor's degree in Psychology from the University of Southern Mississippi.

Tom Virgin, the company's CFO since 2007, will also be leaving the company and plans to transition his responsibilities by the end of August 2014.

[Amigo Mike]

Lookie there ..... a change in the C-Suite .... after padding the parachute just a month ago. Didn't think it would happen.

Both Braiker and Virgin out. The vast majority of investors that I know in HIPP are highly in favor of the sale of the company. I'm in favor of a sale as well. With Braiker and Virgin out (CEO and CFO) ..... and a money manager at the helm ..... it is ripe for sale here. Could easily see Stovall and crew integrated into another company. Anywhere above 4X revenues is fine by me although comps are higher and HIPP has a number of blue chip clients in their book of business and a growing backlog.

Here's to hoping we see a sale in short order. Still have yet to see Yahoo appeal decision which is expected at any day. A win of the appeal there could certainly make it even more interesting.

Amigo Mike