YP
Corp. Appoints Alistair Johnson-Clague as Independent Director and Announces
Departure of DeVal Johnson
MESA,
Ariz.-(BUSINESS WIRE)-August 12, 2005-
YP
Corp.
(OTC BB: YPNT), a leading provider of Internet yellow pages and related
services, announced that Alistair Johnson-Clague, President and Chief Executive
Officer of Hard Dollar Corporation, has replaced DeVal Johnson on the company's
board of directors.
Johnson-Clague
brings to YP Corp. close to 30 years of experience working in the information
technology industry. At Hard Dollar, Johnson-Clague’s team is the leading
provider of integrated estimating and job control software for the construction
management industry. Before joining Hard Dollar, Johnson-Clague was the
President and General Manager of USinternetworking, Inc. where he led the Siebel
Business Unit in application, consulting, engineering, partnering and marketing
decisions. Prior to joining USinternetworking, he served as General Manager
and
Vice President of the Software and IBM division of Avnet, Inc. (NYSE:AVT),
a
Fortune 500 company specializing in the distribution of electronics, computers
and software. Before
Avnet, Johnson-Clague worked for 12 years at JBA Holdings Plc, the sixth largest
ERP software firm in the world. He held numerous positions during his tenure
at
JBA, including President of JBA’s Computer and Software Solutions Divisions. In
these roles, he was responsible for the overall direction of the divisions’
financial earnings and business plans, customer services, engineering, marketing
and human resources functions. Johnson-Clague earned a Bachelor of Arts degree
in Business Administration from Napier University in Edinburgh,
Scotland.
“We
are
delighted to have someone of Mr. Johnson-Clague’s experience and reputation join
our board,” said YP Corp. President and Chief Executive Officer Peter Bergmann
in announcing the appointment. “His experience in the world of information
technology and software engineering will add a new dimension of experience
to
our existing board. His many years of strong management and demonstrated
leadership will also be integral assets as YP Corp. moves forward.”
“I
am
very impressed with the quality of YP Corp.’s product offering and the potential
ahead of us,” stated Johnson-Clague. “I hope to make a positive contribution to
the growth and profitability of the company and look forward to getting
started,” he concluded.
“It
has
been a pleasure for me to serve as an officer and director of YP over the
years,” said DeVal Johnson of his departure. “It is difficult for me to leave a
company that I have been with since 1998, but the company I am currently the
CEO
of, Simple.Net, continues to grow rapidly and the demands on my time have grown
as well.”
CEO
Peter
Bergmann stated “DeVal’s knowledge of the inner workings of YP Corp. and the
industry will be missed. I understand his desire to focus on his growing
enterprises in other fields and truly appreciate his contributions over the
years.”
About
YP Corp.
YP
Corp.,
a leading provider of Internet-based Yellow Pages services, offers an Internet
Advertising Package™ (“IAP”) that includes a Mini-WebPage™ and Preferred Listing
through its Yellow Pages web site at www.YP.Com. The Company's web site contains
listings for approximately 17 million businesses in the United
States.
YP
Corp.
also provides an array of other Internet services that complement its Yellow
Pages web site, including an Internet Dial-Up Package™ (dial-up Internet access)
and QuickSite™ (web site design & hosting services).
YP
Corp.
is a longstanding member, exhibitor and sponsor of the two major Yellow Pages
trade associations - Yellow Page Integrated Media Association (YPIMA), the
major
trade association of Yellow Pages publishers throughout the world, and the
Association of Directory Publishers (ADP), which mostly represents independent
Yellow Pages publishers. YP Corp. is based in Mesa, AZ and Las Vegas, NV. For
more information, visit the web site at www.YP.Com.
Forward-looking
Disclaimer
This
press release may include statements that constitute "forward-looking
statements," which are often characterized by the terms "may," "believes,"
"projects," "expects," or "anticipates," and do not reflect historical facts.
Forward-looking statements involve risks, uncertainties and other factors that
may cause actual results, performance or achievements of YP Corp. and its
subsidiary to be materially different from those expressed or implied by such
forward-looking statements. Factors that may affect forward-looking statements
and the Company's business generally include but are not limited to (i) the
risk
factors and cautionary statements made in the Company's Annual Report on Form
10-KSB for the fiscal year ended September 30, 2004; and (ii) other factors
that
YP Corp. is currently unable to identify or quantify, but may exist in the
future.
Forward-looking
statements speak only as of the date the statement was made. YP Corp. does
not
undertake and specifically declines any obligation to update any forward-looking
statements.