Mandalay Digital Group, Inc., Expands Advisory Board
Real Estate Investment Heavyweight and Philanthropist John Bendheim Brings Unique Outside Perspective to the Mandalay Digital Team
LOS ANGELES, May 4, 2012 /PRNewswire/ -- Mandalay Digital Group, Inc. (OTC BB: MNDLE.OB) today announced that John Bendheim, President of Bendheim Enterprises, a real estate investment holding company, has joined the Mandalay Digital Group Advisory Board.
Mr. Bendheim is currently President of Bendheim Enterprises, Inc., a real estate investment holding company with operations located exclusively in California and Nevada. Mr. Bendheim also founded Inland Homes in 1994, and he has specialized in providing equity funding for real estate transactions. Prior to Inland Homes, he was President of Benditel Incorporated, an apparel manufacturer based in Los Angeles, California.
"I am thrilled to join the Mandalay Digital Advisory Board and to be involved with the company at this stage of its development," commented Mr. Bendheim. "Mandalay Digital has established itself a new leader in the rapidly evolving and expanding mobile content sector, and I look forward to witnessing the company's advances firsthand as the company broadens its reach to all areas of mobile content and mobile content distribution."
Mr. Bendheim is currently a member of the Board of Directors of the California Republic Bank, Cedars-Sinai Medical Center, American Fidelity Corporation, Beverly Hills Chamber of Commerce, University of Southern California Marshall School Board of Leaders, Wallace Annenberg Center for the Performing Arts, and the Evergreen Community School. Mr. Bendheim was the past Chairman of the Cedars-Sinai Board of Governors and the Los Angeles Sports & Entertainment Commission.
Further, Mr. Bendheim was past Chairman of the Cedars Sinai Sports Spectacular, which honors the top world class athletes and has raised millions of dollars for the children of the Genetic Birth Defects Center. In 2008, he was awarded the Cedars Sinai Board of Governors Philanthropic Leadership Award for his endless contributions to the Heart Stem Cell Center and to the community of Beverly Hills and beyond, and he established the John Bendheim Executive in Residence Program at the USC Marshall School of Business.
Mr. Bendheim received his Bachelor of Science degree in 1975 and an MBA in 1976 from the University of Southern California.
"John is an excellent addition to the Mandalay Digital Advisory Board," commented Robert Ellin, Executive Chairman of the Mandalay Digital Group. "He is a seasoned Board member — particularly with his work with California Republic Bank, American Fidelity, and Cedars-Sinai. His wide range of business experience and his countless philanthropic efforts significantly raises the profile of Mandalay Digital within our local community and beyond. His input will prove very valuable as we continue to build our brands and expand our mobile data service and content offerings through additional acquisitions, joint ventures, and partnerships."
About Mandalay Digital Group
Mandalay Digital Group is at the convergence of internet media content and mobile communications. It delivers a mobile services platform that works with mobile operators and third-party publishers to provide portal management, user interface, content development and billing technology that enables the responsible distribution of mobile entertainment. Mandalay Digital is headquartered in Los Angeles and has offices in Europe and Latin America to support global sales and marketing. For additional information, visit www.mandalaydigital.com.
Forward Looking Statement
Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to levels of orders, ability to record revenues, release schedules, market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in the Company's filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.
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