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Bruce Jaffe Joins Hi-Media as Strategy Advisor

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2008-09-09 00:54:42     
Hi-Media Group

Hi-Media Group (ISIN Code FR0000075988 -- HIM, HIM.PA), Europe's leading global, integrated online media company announced today that the former head of corporate development at Microsoft Corporation, Bruce Jaffe, has joined Hi-Media to advise the Board on strategy and development. Mr. Jaffe is an experienced Internet executive who was responsible for acquisitions, investments and joint ventures as corporate vice president for corporate development at Microsoft.

"At Hi-Media, Cyril Zimmermann has built a leading publicly-traded, pure-play Internet company," said Jaffe. "I'm pleased to join them as Hi-Media looks to accelerate its growth as one of Europe's few global online players with a unique portfolio of publishing, advertising and payments businesses."

"We are delighted to have Bruce contributing his formidable experience and insights as we execute on our strategy, particularly as we grow Fotolog and our micro-payments businesses in Europe, Latin America and the United States," said Hi-Media Founder and CEO Cyril Zimmermann. "Bruce's unmatched background gives Hi-Media a tremendous resource as we continue our vision of building a leading integrated online media company."

Founded by Cyril Zimmermann in 1996, Hi-Media has developed into an Internet media leader by combining publishing, advertising and payment platforms. In 2007, Hi-Media acquired Fotolog, the 4th most-trafficked social network in the world (according to Alexa) with over 20 million member accounts in more than 200 countries. The company is the European leader in internet micro-payments and is the #3 advertising network in Europe. Bruce Jaffe will focus on helping to expand Hi-Media's position as a top Internet media company and driving its strategy of integrating advertising and micro-payments services with publishing assets to maximize value across all lines of business for the company's users, partners and shareholders.

About Hi-Media

Hi-Media now ranks among the world's biggest Internet publishers, with 30 million unique users ranking Hi-Media among the world's 100 leading Internet media groups (comScore). The Hi-Media audience is monetized by the Group's integrated advertising network and micro-payment platform, which also provide such services for third parties with more than 200,000 partner sites. Hi-Media is among Europe's leaders in interactive advertising and electronic micro-payments. The Group operates in 9 countries. Hi-Media is listed on the Euronext Paris Eurolist B and belongs to the SBF 250, CAC IT, and CAC Small 90 indices. ISIN Code: FR0000075988. Site: http://www.hi-media.com .

This press release does not constitute an offer to sell, or a solicitation of an offer to buy Hi-Media shares. If you wish to obtain further information about Hi-Media, please refer to our website http://www.hi-media.com .

This press release may contain some forward-looking statements. Although Hi-Media considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements. Hi-Media operates in a continually changing environment and new risks emerge continually. Hi-Media does not undertake and expressly disclaims any obligation to update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.

Investor contact

Cyril Zimmermann

Chief Executive Officer

David Bernard

Executive Director General

Tel: (33) 1 73 03 89 00

Fax: (33) 1 73 03 89 54

Specialized in: Bruce Jaffe - Hi-media
URL: http://www.hi-media.com
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