SITO Mobile (SITO) CEO Jerry Hug Resigns

Today, SITO Mobile Ltd. (NASDAQ: SITO), a leading mobile engagement platform, announced CEO Jerry Hug submitted his resignation which was accepted by the Board. Current SITO Board Member, Richard “Rory” O’Connell, is the interim CEO. SITO’s Board of Directors has commenced a search for a permanent replacement.

At the same time, the company also reiterates its previously announced media placement revenue expectation for the 4th quarter ended December 31, 2016.

SITO Mobile continues to grow revenue and will maintain its focus on current strategic initiatives, helping marketers to leverage its location-based targeting capabilities in combination with transparent real-time insights and measurement.

Based on sales activity for the first six weeks of Q1 2017, the company is confident that its Q1 Media Placement revenue will deliver strong growth over last year’s Q1 Media Placement revenue.

In early 2017, SITO Mobile will introduce new data product offerings – creating new recurring revenue streams.

SITO Mobile is scheduled to report its 4th quarter and full year results on March 28, 2017.

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