VOLLEE STRENGTHENS EXECUTIVE TEAM WITH CHIEF FINANCIAL OFFICER
William R. Beyer, Former CFO of Bitfone Corporation, Brings 20 Years of Experience to 3G Mobile Games Company
Menlo Park, Calif. - Sept. 5, 2007 - Vollee, Inc., the 3G mobile games company streaming a console gaming experience to phones, announced today the appointment of William R. (Bill) Beyer as Chief Financial Officer (CFO). He joins Vollee with two decades of experience in leading blue-chip companies, conducting commerce in over 20 countries and having closed more than $265 million in private equity financing. Most recently, Bill served as CFO and treasurer of Bitfone Corporation leading the company to profitability and a successful acquisition by Hewlett-Packard in February 2007. In his role at Vollee, Bill will apply his experience to ensure success in meeting the company's growth initiatives.
Bill's proven expertise in strategic financial management, business development and operations make him an integral new member of our leadership team," said Martin Dunsby, president and CEO, Vollee. "His remarkable track record with emerging companies and fund raising will play a critical part in the expansion of Volleeís 3G gaming service."
Prior to his tenure at Bitfone, Bill served as CFO and treasurer of Mahi Networks, Inc. where he insured that the company was sufficiently capitalized in an extremely difficult funding environment. He joined Mahi Networks from Advanced Fibre Communications, Inc. (Nasdaq:AFCI; now Nasdaq:TLAB) where he served as regional vice president of international business development and finance and actively participated in the company's public offering process. "We are seeing a strong reception for Volleeís service and are enthusiastic about the up-coming U.S. launch," said Beyer. "Vollee is poised to make a significant impact on the mobile industry and I am pleased to be a part of such an innovative, forward-looking team."
With Vollee, consumers can experience high-end video games for the first time ever on their 3G mobile handsets. The patent-pending VolleeX engine automatically adapts proven PC games licensed from traditional videogame publishers in real-time, capturing every detail of the graphics, game physics and a near limitless number of levels offering hours of playing time. The games are then streamed over 3G networks enabling mobile carriers and game publishers to provide consumers with the ability to play full games as never before seen on mobile handsets.
About Vollee
Vollee streams a console gaming experience to 3G phones, offering a radically different user experience than previously seen in mobile gaming. By providing the highest quality always-connected games through its subscription and ad-supported service, people can now discover the fun of high-end video games on their mobile handsets. Using its patent-pending VolleeX engine, Vollee delivers an exciting catalog of licensed titles with their original 3D graphics, sophisticated AI and deep game play.
Vollee's service allows video game publishers to safely enhance and expand the reach of proven franchises, maximize return on original investment, leverage cross-marketing on new titles and extend existing online gaming communities to mobile at a fraction of the cost and time. Vollee offers mobile operators a showcase for 3G networks, increased ARPU through extended game play, a greater share of publisher marketing budgets and the opportunity to attract new gaming consumers.
Vollee is funded by BlueRun Ventures and Benchmark Capital. For more information, visit www.vollee.com.
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Press contact:
Paul Brady
Fusion PR on behalf of Vollee
(310) 481-1431, Ext. 18
Paul.Brady@FusionPR.com