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Uphonia Inc. Announces Realignment of Board of Directors and Senior Management
Friday May 4, 1:06 pm ET
CHICAGO--(BUSINESS WIRE)--Uphonia Inc. ("Uphonia" or "Company") (Pink Sheets:UPHN - News) announced its Board of Directors appointed David Marks as a member and accepted the resignations of Paul Melchiorre and Robert M. Pons as members of the Board of Directors of the Company. Mr. Marks is the sole board member of the Company. The Board also accepted the resignation of Mr. Pons as an officer of the Company.
The realigned Board of Directors appointed Frank J Orlando as Chief Restructuring Officer and Kate Ostruszka as Chief Financial Officer of the Company.
Mr. Marks is a member of Crivello Group, LLC, www.crivello.com, and Farwell Equity Partners, www.farwellequitypartners.com, both private equity firms. Mr. Orlando is a Vice President and Ms. Ostruszka is a Controller for Crivello Group, LLC.
Mr. Marks has been a member of the Board of Directors of Tech Laboratories, Inc. since February 2007. Tech Laboratories, Inc. is a publicly traded company dedicated to technologies which enable the production of high quality fuels from waste streams and non-food crop feed stocks. Since March 2007, Mr. Marks has served as a member of the Board of Directors of eTotalSource, Inc., a publicly traded company engaged in developing and supplying proprietary multimedia technology and publishing of multimedia development software. Mr. Marks has been the Chairman of Titan Global Holdings, Inc. ("Titan"), a diversified holding company, since May 2005 and previously served as the Chairman from September 2002 until May 2003. From May 2003 until May 2005, Mr. Marks served as one of the Directors of Titan. In addition, from November 2004 until November 2006, Mr. Marks served as the Chairman of the Board of Directors of Thomas Equipment, Inc., a manufacturer and distributor of skid steer loaders and pneumatic and hydraulic components and systems. Mr. Marks has served as Trustee of Irrevocable Children's Trust and Irrevocable Children's Trust No. 2 since 1994. Irrevocable Children's Trust and Irrevocable Children's Trust No. 2 currently have an ownership or investment interest in commercial properties, private residences, natural resources, telecommunications, and technology companies, and other business and investment ventures. Mr. Marks has responsibility for overseeing all investments by Irrevocable Children's Trust and Irrevocable Children's Trust No. 2 with responsibilities beginning at acquisition and continuing through ownership. Mr. Marks generally acts in the capacity of officer or director for all of the operating companies that are vehicles for investments by the Trusts and is involved in strategic planning, and major decision-making. Mr. Marks is also a managing member of Farwell Equity Partners. Mr. Marks holds a BS in Economics from the University of Wisconsin.
Since January 2007, Mr. Orlando has served Chief Restructuring Officer, Chief Financial Officer, Secretary and a Director of Headliners Entertainment Group, Inc., a publicly traded company engaged in entertainment management. Since March 2007, Mr. Orlando has served as Chief Restructuring Officer, Chief Financial Officer and Secretary of eTotalSource, Inc., a publicly traded company engaged in developing and supplying proprietary multimedia technology and publishing of multimedia development software. Since 2004, Mr. Orlando has served as the Executive Vice President and Director of Marine Growth Ventures, Inc., a specialized holding company engaged in various marine industry operations. From September 1996 until April 2002, Mr. Orlando was vice president and director of corporate development for Phoenix Internet Technologies, Inc., a start up Internet service provider (ISP). In April 2002, Phoenix Internet Technologies, Inc. was sold and Mr. Orlando was retained by the new owners and worked there in a similar capacity until September 2003. From September 2003 through September 2004, Mr. Orlando acted as a consultant to Phoenix Investors, LLC. Mr. Orlando received Bachelors Degrees in Marketing and Production & Operations Management from the University of Wisconsin - Oshkosh in 1995.
Since 2004 Ms. Ostruszka was first the Controller and then Chief Financial Officer Marine Growth Ventures, Inc., a specialized holding company engaged in various marine industry operations. Ms. Ostruszka has over fourteen years of experience in financial analysis particularly in the areas of real estate, gaming, telecommunications and technology while working for Phoenix Investors, LLC and its family of companies. In addition, In addition, since 2004 Ms. Ostruszka has been the Controller of Phoenix Investors, LLC. From 1997 until 2004 Ms. Ostruszka was employed by the Waukesha County Technical College. Ms. Ostruszka also holds a position as an economics instructor at Waukesha County Technical College, Wisconsin. Ms. Ostruszka received a BA in Economics and International Affairs from Marquette University and a MS in Management from the University of Wisconsin - Milwaukee.
About Uphonia Inc.:
Uphonia Inc. (f/k/a SmartServ Online, Inc. or SSRV) (the "Company" or "Uphonia" or "UPHN" or "UPHN.PK") has no active operations.
The Company is incorporated in the State of Delaware. The Company commenced operations in August 1993, and had its initial public offering in March, 1996.
Until late 2005, Uphonia designed, developed and distributed software and services that enabled the delivery to wireless devices of content with special emphasis on cell phones. The content which the Company provided included premium content such as ring tones, images and games, and dynamic changing content such as horoscopes, lottery results and weather reports.
Before this phase, the Company licensed its applications, content, and related services to wireless carriers and enterprises. The Company then had revenue sharing license agreements with wireless carriers such as Verizon Wireless, AT&T Wireless, Nextel, and ALLTEL Wireless, that allowed it to deliver its services and branded content to a wide base of consumer cell phone users. For enterprises, the Company had offered solutions that delivered financial market data, proprietary internal documents and other useful information to mobile workers.
During late 2005 and early 2006, The Company, then headquartered in Plymouth Meeting, PA, attempted to become a Mobile Virtual Network Operator (MVNO). As an MVNO, the Company hoped to launch mobile phone service in the first quarter of 2006 with low cost, prepaid minute plans, discounted international long distance and the latest in mobile content such as ringtones, mobile games and images.
The Company then had an agreement with Sprint to utilize Sprint's Nationwide PCS Network for its prepaid mobile phone service. Under that agreement, Sprint would wholesale wireless minutes from their network directly to Company for resale to its then UPHONIA(TM) customers. As an MVNO, the Company had the advantage of market access without the need to build the telecom infrastructure necessary to originate and terminate domestic wireless calls. Sprint would have benefited by gaining a distribution and marketing partner that was focused on market development in a niche that is secondary to Sprint. The Company's target demographics were immigrant, urban ethnic and youth markets.
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