Executive Team

John Nardone, Chairman and CEO

A globally-respected marketing innovator, John Nardone is sought out by many of the world's most prestigious brands for his insights into creating brand relevance. Valued for his client-side perspective as a veteran packaged goods and interactive marketer, John has been a trusted advisor to senior management of many of the world's well-known brands. Before joining MMA in 2004, he served as President, International at Modem Media where he led the agency's global expansion with mergers and acquisitions in London, Hong Kong, Japan, Germany, France, and Brazil. During his 20-year career, he has achieved many firsts, including placing the first paid ads on the Internet, establishing the first online media pricing model, and launching some of the first websites for consumer products, among many other historic accomplishments.

John's vision and innovation have earned him many industry awards. He was honored as a Media AllStar by MediaWeek magazine and named by Advertising Age as one of the Top 10 most quoted people in marketing for three successive years. He has delivered more than 150 speeches to venture capitalists and senior marketing, advertising, and media executives around the world. He has served on committees for the American Association of Advertising Agencies (4A's), Association of National Advertisers (ANA) and Internet Advertising Bureau (IAB).

Prior to Modem Media, John spent seven years leading established and new brands for Procter & Gamble and PepsiCo. While at P&G, he was instrumental in developing the market launch plans for Aleve. At PepsiCo, he led the development and launch of Stolichnaya Oranj, which was named best new product launch of 1994 by Beverage Digest.

He holds an MBA from Duke University's Fuqua School of Business and a BA from Duke University.

Stephano Kim, President and Chief Operating Officer

Stephano manages the day-to-day business operations at [x+1]. Stephano joined [x+1] in 2006 as senior vice president of corporate and business development to evaluate and drive new business opportunities, including strategic alliances and mergers and acquisitions.

Prior to joining [x+1], Stephano led investments in consumer technology and media for Advanced Technology Ventures, an early stage fund with more than $1.5 billion under management. He joined ATV from America Online, Inc. where he directed business strategy and development. At AOL, Stephano advised executives on marketing, distribution and Internet advertising strategy. He also negotiated and managed key partnerships with global corporations, such as Hewlett-Packard, Sony, Dell, and DoubleClick.

In addition to this work, Stephano led software and service investments for OCI Ventures Group, the U.S. venture subsidiary of an Asian conglomerate with interests in media, consumer goods and manufacturing. He also co-founded two start-ups: Psylum, a content and community network for video and online gaming which was sold to USA Networks, in 2000; and Blackboard, Inc. (NASDAQ: BBBB), the leading provider of e-learning enterprise software and services for which he served as director of operations.

Stephano holds an M.B.A. with honors from Columbia Business School and a bachelor's degree in business marketing and management from Cornell University.

Jason Shulman, Chief Revenue Officer

As chief revenue officer, Jason Shulman is responsible for driving revenue and managing [x+1]'s sales, marketing and business development operations. He has more than 15 years experience in facilitating the growth of both advertising agencies and high- technology companies. At [x+1], Shulman leads the worldwide business development team, including direct client acquisitions and channel partnerships. Regarded as an industry turn-around artist, Shulman has increased revenue three fold in two years, while adding new clients, such as Echostar, Monster, Verizon and ESPN.

Prior to [x+1], Shulman was an executive vice president at Carat Fusion, a subsidiary of Aegis PLC, where he was responsible for leading all new business efforts in North America for the world's third largest interactive agency. During his tenure, the company experienced double-digit growth and his client roster included: Motorola, AOL, Gateway and Western Union.

Shulman's professional experience focuses on delivering value and creating opportunities for clients, employees and investors. Shulman has held senior executive positions with other technology firms, including: vice president of business development for AudioBase; director of sales at Breece Hill Technologies; and executive vice president of business development for Freestyle Interactive.

Shulman entered the sales business in Colorado and started in technology solution sales. As the technology business began to accelerate, he moved to California to work with Internet start-up companies. He also became involved in The Hesed Foundation (www.hesedfoundation.com), where he is currently on the Board of Directors, which is dedicated to the improvement and enhancement of human life and the strengthening of communities.

Shulman received a Bachelor of Arts degree from Middlebury College, and currently lives in Rye, New Hampshire with his wife and three beautiful daughters.

Nancy Lazaros, Chief Financial Officer

Nancy Lazaros serves as [x+1]'s Chief Financial Officer and is responsible for the financial strategy, planning and operations of the company. She plays a key role in the planning of the company's strategic business initiatives.

Prior to joining [x+1], Ms. Lazaros guided Third Screen Media's financing, corporate development and core business initiatives. Ms. Lazaros was instrumental in the successful sale of the company to AOL. Prior to joining Third Screen Media, Ms. Lazaros served as a consultant to help develop business plans and corporate strategies for emerging companies. Prior to her consulting role, she served as Vice President of Business Operations Research for DoubleClick, a digital advertising technology and services provider. While at DoubleClick, she drove the strategic direction of the company's research division, including the exploration of marketing and advertising opportunities. Ms. Lazaros joined the company in 2001 when her former company, @Plan, was acquired by DoubleClick. While serving as CFO, she was an integral part of @Plan's launch and successfully orchestrated and completed the company's initial public offering, raising $35 million within the first two years of operations. She has also served in management roles for Popcorn Channel, RHI Entertainment, General Electric Capital Corporation, and Vestron.

Nancy is a graduate of The University of Rhode Island.

Ted Shergalis, Founder and General Manager, media+1

Prior to founding [x+1], Ted worked in both the debt and equity capital markets desks at Morgan Stanley Dean Witter. He managed and optimized the capital structures of Fortune 100 companies such as RJR Nabisco and Conrail/CSX, and he helped take Akamai, Sycamore Networks, Breakaway Solutions, and Agile Software public. Ted graduated with honors from Harvard University.

Leon Zemel, EVP and General Manager, site+1

At [x+1], Leon leads the team that is responsible for driving optimal performance for clients' interactive marketing efforts, through implementing [x+1]'s full suite of campaign management, optimization, audience segmentation, and business intelligence technologies. Prior to working at [x+1], Leon held senior positions in the marketing strategy and analysis groups for three leading direct marketing agencies: Digitas, OgilvyOne, and Wunderman.

During his 15 years in the direct marketing industry, Leon has delivered analytical marketing services for cross-channel business/product strategy, as well as focused programs within channels, including Web, direct mail, telemarketing, and DRTV. He has led relationships with such clients as AOL, American Express, Barnes & Noble, IBM, and The New York Times. Leon received his MBA from Columbia Business School.