MarketWired: Power.com Opens New Global Headquarters in San Francisco and New York City

SAN FRANCISCO, CA–(Marketwire – July 7, 2009) – Power.com, the social inter-connectivity company, is expanding its operations with their new global headquarters in San Francisco and an additional office in New York City. From its new U.S. headquarters, Power.com will continue its groundbreaking effort to create a borderless Internet where users have the inalienable right to own and control their personal data. As an advocate for social media user rights, Power.com has held its ground in the fight for users to have ownership, control and privacy for their personal data. Five diverse and highly qualified executives will be joining Steve Vachani, CEO, and Eric Santos, CTO, at Power.com’s new US headquarters. Profiles of these five team members are included below.

“We are committed to facilitating the borderless Internet, and with our new offices and the hiring of a world class executive team, we will be able to more effectively execute our vision and uphold our commitment to the rights of all Internet users,” commented Steve Vachani, CEO.

Power.com’s New U.S. Executive Team Members

Rob Pollock, President & COO — Former President and COO of eFax Inc. and the founding CEO of eFax.com. As CEO, he managed the logistics and rapid growth of eFax.com from startup. eFax.com later merged with Jfax and currently has a $1 billion+ market capitalization. He was also startup-phase CEO of eVault.com, a leading security solutions company which was sold for $186 million. Previously, Rob was the founder and CEO for sixteen years of a leading computer peripherals sales and marketing company, which he led from startup to $200 million in annual revenues at its peak.

Michael Ross, CFO — President of New York-based investment bank Joseph Capital LLC. Served in the Investment Banking Division of Salomon Smith Barney and as Vice President at Bank of America and Lehman Brothers. Served as lead analyst to the hedge fund Vision Capital during the year it ranked number one among equity-linked funds and as buy-side analyst at Sanford C. Bernstein. Michael has a Ph.D. in Finance from UC Berkeley and is a Chartered Financial Analyst.

Zak Mandhro, Director of Product Marketing — Led the global Convergent Technologies group at a multi-billion dollar technology consulting company, BearingPoint/Deloitte. Earned $150 million on projects for clients ranging from Fortune 500 companies, the US Department of Defense, the Federal government and various startups. Zak is also the founder and product visionary of Famiva.com, a leading social network for families.

Boyan Josic, Director of Global Business Development — Responsible for Power’s worldwide revenue generation efforts and strategic partnerships and licensing opportunities. Founder of ProfileBuilder and Profile Pulse, two startups leading the trend of identity and content aggregation. Prior to that, he was the co-founder and President of BOSSdev, an IT consulting firm which he took from zero to $15 million in annual revenues in its first 3 years of operation.

Ed Niehaus, Global Marketing & Communications Advisor — Co-founder and CEO of the 1990s’ top Internet public relations agency which helped drive the market entry of forty-five leading Internet companies. Launched Yahoo!’s market entry when they had three employees and no CEO, as well as driving Apple’s turnaround PR efforts after Steve Job’s return — including the launch of the iMac.

ABOUT POWER.COM

Power.com is the world’s leading social inter-connectivity company. Founded in 2007 by serial entrepreneur Steven Vachani, the company is funded by Draper Fisher Jurvetson with contributions from other notable investors. Power.com is a dedicated advocate for users’ rights online. Headquartered in San Francisco, CA the company has over 40 employees in offices worldwide, including Brazil and New York. For more information visit www.Power.com.

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