Appointment of Special Adviser

RNS Number : 2282V

FastForward Innovations Limited

14 April 2016

 

14 April 2016

FastForward Innovations Limited

("FastForward" or the "Company")

                                   Appointment of Norbert Teufelberger as Special Adviser

Lorne Abony, CEO of AIM listed FastForward trading under the symbol FFWD is pleased to confirm the appointment of Norbert Teufelberger as Special Adviser to the Company.

In his role as Special Adviser, Mr. Teufelberger will support FastForward's initiatives in identifying early stage investment opportunities in the technology and gaming industry, given his extensive experience across these sectors.

FastForward CEO, Lorne Abony said, "Norbert's experience in building one of the most successful global online gaming companies is a serious advantage for FastForward. Norbert has a deep set of relationships across a multitude of technology sectors and a fantastic network; I am delighted that Norbert accepted our invitation to join as a Special Adviser".

Norbert is credited with introducing FastForward to Leap Gaming, an exciting early-stage technology startup focused on Virtual and 3D games, in which FastForward has taken a major stake as announced on 11 April 2016. Norbert is a significant shareholder in FastForward and believes that the Company's strategy to acquire stakes in early stage start-ups will deliver superior returns to shareholders.

Mr. Teufelberger has nearly 30 years' experience in the technology and leisure industry, most recently serving as the CEO of Bwin.party entertainment plc ("Bwin"). Throughout his career he was involved in the  acquisition and integration of numerous technology companies, securing more than $1 billion in a series of equity and debt financings. At its peak, Bwin had approximately 4,000 employees globally and a market cap in excess of $3 billion.

Mr. Teufelberger was born and raised in Voecklabruck, a small city close to Salzburg, Austria and graduated with a degree in Business Administration from the University of Economics and Business Administration in Vienna.

Mr. Teufelberger said "I have been fortunate to have spent the past 30 years building and leading companies that push the envelope of technological innovation. I am excited to be actively involved in the further progress of FastForward, as it strives to identify and help develop early stage investment opportunities into successful businesses, disrupting the status quo and helping change the World as we know it today".

In connection with his appointment, the Company has agreed to grant Norbert 1,000,000 options over ordinary shares in FastForward on the same terms as the options granted to the Directors, as announced on 19 February 2016.

For Press Inquiries, please contact:

Andrew Abony

[phone]

[e-mail]

For further information please visit www.fstfwd.co or contact:

FastForward Innovations Limited Tel: [phone] Elysium Fund Management Limited

Beaumont Cornish Limited (Nomad) Tel: [phone] James Biddle / Michael Cornish

Peterhouse Corporate Finance Limited (Broker) Tel: [phone] Guy Miller / Lucy Williams

CAUTIONARY STATEMENT

The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of FastForward Innovations Limited and the companies in which it invests. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. FastForward Innovations Limited assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

 

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