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Thwapr Announces Bob Rosenblatt as New Board Member

^{Published on 2010-06-07 09:10:07 - Market Wire}
 

NEW YORK, NY--(Marketwire - June 7, 2010) - Mobile video sharing platform Thwapr Inc. ([ http://www.thwapr.com ]) (OTCBB: [ THWI ]) today announced the addition of Bob Rosenblatt to the company's board of directors. Mr. Rosenblatt is well-known in the corporate world for his track record of guiding large corporations through organic growth, acquisitions and global expansions.

Mr. Rosenblatt previously served as the group president and chief operating officer of Tommy Hilfiger B.V., where he successfully prepared the company for acquisition by a private equity firm for $1.6 billion. Prior to his position at Hilfiger, Mr. Rosenblatt was president of Home Shopping Network USA, now a part of HSN, Inc. (NASDAQ: [ HSNI ]). Under his leadership, HSN grew to become the fourth largest cable television network in the U.S., with global revenues in excess of $2 billion. Rosenblatt has also served as CFO and senior vice president of Bloomingdale's.

"We are thrilled to have an executive with Bob's gravitas join the Thwapr Board of Directors," said Thwapr CEO Bruce Goldstein. "It is extremely important for us to surround ourselves with the best possible people who can help develop business relationships and partnerships in key sectors such as retail, fashion and entertainment. Bob's experience driving global businesses will add extraordinary depth to our team and help us achieve our business objectives worldwide."

"I am impressed with Thwapr's technology and the unique solution it offers for mobile video sharing," said Mr. Rosenblatt. "The business applications for this platform are numerous and I look forward to working with the management team to help realize its full potential."

Mr. Rosenblatt also serves on the board of directors for other organizations including Universal Recording Arts and Music, a startup company that teaches students how to use recording equipment to create soundtracks and live recordings.

About Thwapr, Inc.
Thwapr (OTCBB: [ THWI ]) is a mobile-to-mobile video sharing communications platform. Thwapr's mission is to provide a social mobile video sharing experience regardless of carrier or device worldwide. Developed by founding members of Apple's QuickTime team and technologists from AVID/Digidesign and MTV, Thwapr's patent-pending technology allows mobile users to send video "Thwaps" captured with their device to any other mobile users, easily and instantly. For more information and to register for Thwapr, please visit [ www.thwapr.com ] on your mobile phone or computer. Follow Thwapr @ [ www.twitter.com/thwapr ] or become a fan at [ www.facebook.com/thwapr ].

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new products and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in Thwapr's annual report on Form 10-K for the most recent fiscal year, Thwapr's quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.