AdOn Network Announces New CEO
PHOENIX - May 15, 2007 - AdOn Network, a leader in providing innovative keyword-targeted advertising solutions for advertisers and publishers, today announced the promotion of Steve Armstrong to the position of President and CEO.
Steve Armstrong promoted from VP of Operations and Finance to President and CEO replacing Chad Little
Mr. Armstrong assumes the role of President and CEO after serving as AdOn Network's VP of Operations and Finance since 2003. Along with his four years of experience as a part of the executive management team at AdOn Network, Mr. Armstrong is a veteran of the hi-tech industry with over 13 years of senior management experience including his term as one of the original management team at X.com, which became PayPal.
Mr. Armstrong will be replacing Chad Little, who served as President and CEO of AdOn Network since it's inception in 1999 and was one of the company's co-founders. Mr. Little will continue to serve on the AdOn Network board of directors.
"When I began my career at AdOn Network (then myGeek) in 2003, I saw an opportunity to be involved in a small company with a great culture that had the potential for tremendous growth," said Steve Armstrong, CEO of AdOn Network. "I had been through the rise and fall of the first dot com wave in the late 90's in the Silicon Valley area and was impressed by the commitment of AdOn Network's management team to weather that storm, push through the difficult times and emerge as a strong company with a clear mission and vision for the future."
"I am grateful to Chad Little for his legacy of leadership. Chad built a strong core team that provides the heartbeat of this company, and he created a culture that values the individual efforts of every employee along with a collective commitment to excellence that has positioned AdOn Network for continued growth and success."
"With the team that we have in place, the scaleable technology that we have built and the new products that are scheduled to launch in 2007, the future of AdOn Network is extremely bright and I am excited about the opportunity that lies ahead of us."
Prior to AdOn Network, Mr. Armstrong was the Corporate Controller for Panasas, a leading California-based company in the network attached storage space and backed by Mohr Davidow Ventures, The Carlyle Group, and other prominent venture groups. Before Panasas, Mr. Armstrong was the Corporate Controller at PayPal, a pioneer in the field of online payments and transactions. PayPal was formed by the merger of Confinity with X.com, an online bank, where Mr. Armstrong was the Corporate Controller before, during and after the merger. Prior to that, Mr. Armstrong had been the Corporate Controller at Eos, a leading manufacturer for advanced power supplies for the laptop computer market whose clientele included recognized industry leaders such as Dell, Sony, IBM, NEC, Texas Instruments, DEC, Solectron and Acer.
Mr. Armstrong holds a Bachelor of Science in Business Administration & Accounting from the University of California, Riverside. Mr. Armstrong is a member of the Executive Forum, the Financial Executive Institute and also has a Degree in Culinary Arts from Scottsdale Culinary Institute.
About AdOn Network
AdOn Network, founded in 1999 and headquartered in Phoenix, Ariz., is a leader in providing innovative contextual and behavioral advertising solutions for advertisers and publishers, delivering quality traffic from US and International sources. AdOn Network offers site-specific ROI tracking along with Behavioral, Contextual and Geo Targeting to equip advertisers with powerful performance-based tools to maximize their revenues. AdOn Network also features turnkey ASP solutions for Publishers which enable them to create, manage and distribute their own advertiser accounts. For more information, visit For more information, visit www.AdOnNetwork.com.