CORRECTING and REPLACING Gerard Barron, Co-Founder and Former CEO of Adstream, an International Advertising Management and Distribution Company, to Serve as Executive Chairman for Kannuu

Barron to Guide Business Development Initiatives, Accelerate Adoption of the Kannuu Video Search and Discovery Platform

CORRECTION…by Kannuu

DALLAS--()--Please replace the release dated December 4, 2013 with the following corrected version due to multiple revisions.

The corrected release reads:

GERARD BARRON, CO-FOUNDER AND FORMER CEO OF ADSTREAM, AN INTERNATIONAL ADVERTISING MANAGEMENT AND DISTRIBUTION COMPANY, TO SERVE AS EXECUTIVE CHAIRMAN FOR KANNUU

Barron to Guide Business Development Initiatives, Accelerate Adoption of the Kannuu Video Search and Discovery Platform

Kannuu Pty Ltd, a provider of search and discovery solutions for video content across multiple services and devices including Smart TVs, tablets and smartphones, today announced that Gerard Barron, co-founder and former CEO of Adstream, one of the world’s largest advertising management and distribution networks, will serve as executive chairman for Kannuu, guiding the company’s business development initiatives and spearheading Kannuu’s aggressive growth strategy.

Mr. Barron will remain on the board of directors for Adstream but will relinquish his responsibilities as CEO at the end of this year to focus on accelerating adoption of Kannuu, a comprehensive platform that satisfies consumer demand for fast and easy search and discovery of video content across multiple services and devices while driving advertising revenue, strengthening customer loyalty and maximizing the value of video assets for service providers.

Founded in 2000 in Sydney, Australia, Adstream provides services to advertisers, agencies, production agents, publishers and broadcasters to assist with the production, management and distribution of advertisements on television, radio, internet, mobile, print and workflow platforms. Adstream offers solutions in asset management, validation, delivery, storage, and versioning with products such as Adbank, Quickprint, nVerge, Adreach and Adinfinity among others.

Under Mr. Barron's leadership, Adstream has grown from a startup to a multi-national company with over 36 offices across Europe, Americas, Asia, Africa and the Middle East. Adstream supports global advertisers with the world's largest digital networks for all forms of advertising delivery, digital asset management and workflow solutions.

Mr. Barron is an exceptionally successful entrepreneur and early growth investor who has served as Kannuu’s Chairman of the Board of Directors since the company's inception.

Kannuu Executive Chairman Gerard Barron said, "Over the past several years the Kannuu team has made great strides in building out the Kannuu platform, securing marquee customer wins, and validating Kannuu’s unique and compelling value proposition. Multi-screen viewing of video content -- both traditional linear TV and OTT services -- is clearly at an inflection point and is hindered only by the limitations of currently available search and discovery solutions. The Kannuu platform vanquishes these limitations, and avails to providers tremendous revenue and customer loyalty opportunities that, quite frankly, are largely left untapped because of unnecessary complexity, technological ineptness and the incomplete or mis-guided internal initiatives of providers. I am eager to work closely with the Kannuu team to achieve our aggressive growth goals, and I am confident we’ll take the company to greater heights as service providers learn what is possible today thanks to the Kannuu platform."

Kannuu CEO Todd Viegut said, "In today’s market of exploding video content, Smart TV saturation and pervasive multi-screen viewing, whichever provider offers the best interface for consolidated search and discovery across multiple video services and devices will own the customer -- and a healthy cut of all revenue opportunities associated with that privileged relationship. We’re proud to deliver to consumers a unique, fast and easy search experience purpose-built for today’s market, and to our service provider customers a flexible, end-to-end search and discovery solution that can be rapidly implemented and is proven to deliver immediate and long-term benefits."

About Kannuu

Kannuu provides cutting-edge search, discovery and findability solutions for quickly finding video content in today’s multi-screen environment. Combining sophisticated delivery infrastructure, advanced search algorithms, proprietary recommendation techniques, flexible business rules and a unique and intuitive user interface, Kannuu enables device manufacturers, service providers, software companies and application developers to maximize the full value of video content. By providing a fast, easy and vastly superior user experience, Kannuu satisfies consumers and drives revenue for service suppliers. For more on Kannuu, visit www.kannuu.com.

Contacts

for Kannuu Pty Ltd
Rory Doherty, 214-459-6321
Rory@CurrentCommo.com

Release Summary

Gerard Barron, Co-Founder and Former CEO of Adstream, Guides Business Development Initiatives, Accelerates Adoption of the Kannuu Video Search and Discovery Platform

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Contacts

for Kannuu Pty Ltd
Rory Doherty, 214-459-6321
Rory@CurrentCommo.com