AndhraNews.net
Home » Business News » 2011 » October » October 27, 2011

Dr. Thomas Middelhoff joins ePals as Chairman of ePals Europe


October 27, 2011 - WASHINGTON, DC

ePals Corporation (TSX-V: SLN), an education technology company and leading safe social learning network, today announced that Dr. Thomas Middelhoff has joined the Company as Chairman of ePals Europe. It is anticipated that ePals Europe will be formally incorporated as a subsidiary of the Company before year end.

Dr. Middelhoff is currently Managing Partner of Pulse Capital Partners and former Chairman and CEO of media company Bertelsmann AG, where he helped create and build AOL Europe into a business that ultimately sold at a value of US$6 billion. Dr. Middelhoff currently serves on the board of The New York Times, the boards of German companies 3W Power Holdings S.A. and Marseille-Kliniken AG, and as non-executive chairman on the supervisory board of Senator Entertainment AG.

Dr. Middelhoff will focus on building a European-based ePals team, putting in place key content and distribution partnerships and launching local language versions of the ePals Global Community throughout Europe in 2012. The ePals Global Community currently connects millions of classrooms, educators, students and parents around the world in a safe and secure social learning network that combines high-quality content with local, national and international collaborative learning experiences that motivate students and enhance outcomes.

"Education media is a trillion dollar global business just beginning to undergo the same fundamental change that traditional entertainment media companies have already faced as a result of the Internet shifting value to digital products and collaborative environments," said Dr. Middelhoff. "While educational publishers are increasingly adjusting to this reality, a rapidly changing education media market favors companies like ePals that live at the intersection of digital media, cloud computing and project-based learning, and have executives with deep expertise in building community-based digital media companies at scale with new forms of business and financial models that are difficult for traditional media companies to embrace. I look forward to working towards making Europe a centerpiece of ePals' global strategy."

"As a senior executive at AOL during the early growth of the Internet, I worked closely with Thomas in the creation of AOL Europe and have been looking ever since for an opportunity to work with him again in what we both do best -- embrace and build value from the transformation of publishing markets by digital media and collaborative online platforms," said Miles Gilburne, Chairman and CEO of ePals and a former senior executive and board member at AOL. "As ePals moves to systematically build its international businesses in China and now in Europe, it would be difficult to find a more capable and experienced executive to help ensure that European students, teachers and families, as well as European cultures and languages in all their diversity, play an important role in our global learning community."

About ePals Corporation
ePals Corporation (TSX-V: SLN) is an education technology company and the leading provider of safe social learning networks (SLN). Focused on the K-12 market, ePals offers elementary and secondary school administrators, teachers, students and parents worldwide a safe and secure platform for building educational communities, providing quality digital content and facilitating collaboration for effective 21st century learning. ePals' award-winning products include: the ePals Global Community™; SchoolMail®365; LearningSpace®; and In2Books®, a common core eMentoring program that builds reading, writing and critical thinking skills. ePals customers and partners include International Baccalaureate, Microsoft Corporation, Dell Inc., IBM Corp., National Geographic and leading school districts across the United States and globally. ePals serves approximately 700,000 educators and reaches millions of teachers, students and parents in approximately 200 countries and territories. For the ePals Global Community, visit www.epals.com. Corporate information is available at www.corp.epals.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Chief Financial Officer
Aric Holsinger
ePals Corporation
Phone: (703) 885-3400

Senior Marketing Manager
Jacqueline Van Meter
ePals Corporation
Phone: (703) 885-3400

Investor Relations
Cory Pala
E.vestor
Phone: (416) 657-2400

MarketWire

Comment on this story

Share