Eleven Ventures
Partner Gregory Ballard Joins Turtle Beach Board of Directors
San Diego, CA – April 20, 2017 –
Leading console gaming headset and audio accessory maker Turtle Beach
Corporation (NASDAQ: HEAR)
today announced the appointment of Gregory Ballard to its board of directors,
effective April 18, 2017.
Ballard is currently a general partner
with San Francisco-based Eleven Ventures, an operationally focused, seed
venture investment fund. Prior to joining Eleven Ventures, Ballard served as a senior
vice president for Mobile and Social Games at Warner Bros. from 2010 until
2016, and before that he was CEO of Glu Mobile, a publicly traded mobile game
company. Additionally, since 2008 he has served as a director on the board of directors
for DTS Inc., which was recently acquired by Tessera Technologies.
With his new appointment to the
Turtle Beach board, Ballard brings more than three decades of leadership
experience in the audio, consumer electronics, gaming and digital entertainment
industries. This includes 11 years of experience in audio and consumer hardware
as a board member or CEO with DTS, SonicBlue, and Pinnacle Systems and 13 years’
experience in gaming and as a board member, CEO or senior executive with Warner
Bros., Glu Mobile, THQ, and Capcom. Ballard earned a JD degree from Harvard Law
School.
“We’re very pleased to have Greg join
the Turtle Beach board,” said Ron Doornink, chairman of the board, Turtle Beach
Corporation. “He is a perfect addition given his strong background in audio
hardware and gaming, and his extensive board experience over the past decade in
pertinent industries and companies will enable him to jump right in.”
Turtle Beach CEO Juergen Stark
commented: “In addition to his very relevant experience, Greg has a rich
background with smaller companies and entrepreneurial efforts. It was very
evident from our discussions that he has a strong passion for audio and gaming,
so I’m looking forward to working with him.”
Commenting on his appointment,
Ballard said: “I’ve followed Turtle Beach for many years because of their
strong brand and industry leadership, and have always admired the company’s
commitment to innovation and quality. I look forward to diving deeper into the
company’s vision for its future products and working with the board to further
those efforts.”
For more information on the latest
Turtle Beach products and accessories, visit www.turtlebeach.com and
be sure to follow Turtle Beach on Facebook, Twitter and Instagram.
About Turtle Beach Corporation
Turtle Beach Corporation (http://corp.turtlebeach.com)
designs innovative, market-leading audio products. Under
its award-winning Turtle Beach brand (www.turtlebeach.com),
the Company is the clear market share leader with its wide selection of
acclaimed gaming headsets for use with Xbox One and PlayStation®4,
as well as personal computers and mobile/tablet devices. Under the HyperSound brand (www.hypersound.com),
the Company markets pioneering directed audio solutions that have applications
in digital signage and kiosks, consumer electronics and hearing healthcare. The
Company’s shares are traded on the NASDAQ Exchange under the symbol: HEAR.
Cautionary Note on Forward-Looking Statements
This press release includes forward-looking information and
statements within the meaning of the federal securities laws. Except for
historical information contained in this release, statements in this release
may constitute forward-looking statements regarding assumptions, projections,
expectations, targets, intentions or beliefs about future events. Statements
containing the words “may”, “could”, “would”, “should”, “believe”, “expect”,
“anticipate”, “plan”, “estimate”, “target”, “project”, “intend” and similar
expressions constitute forward-looking statements. Forward-looking statements
involve known and unknown risks and uncertainties, which could cause actual
results to differ materially from those contained in any forward-looking
statement. Forward-looking statements are based on management’s current belief,
as well as assumptions made by, and information currently available to,
management.
While the Company believes that its expectations are based upon
reasonable assumptions, there can be no assurances that its goals and strategy
will be realized. Numerous factors, including risks and uncertainties, may
affect actual results and may cause results to differ materially from those
expressed in forward-looking statements made by the Company or on its behalf.
Some of these factors include, but are not limited to, risks related to the
Company’s liquidity, the substantial uncertainties inherent in the acceptance
of existing and future products, the difficulty of commercializing and
protecting new technology, the impact of competitive products and pricing,
general business and economic conditions, risks associated with the expansion
of our business including the implementation of any businesses we acquire, our
indebtedness, the outcome of our HyperSound strategic review process and other
factors discussed in our public filings, including the risk factors included
in the Company’s most recent Annual Report on Form
10-K and the Company’s other periodic reports. Except as required by
applicable law, including the securities laws of the United States and the
rules and regulations of the Securities and Exchange Commission, the Company is
under no obligation to publicly update or revise any forward-looking statement
after the date of this release whether as a result of new information, future
developments or otherwise.
All trademarks are the property of their respective owners.
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For More
Information, Contact:
Cody Slach
Investor
Relations
Liolios
949.574.3860
hear@liolios.com
Eric
Nielsen
Step
3 PR
On
behalf of Turtle Beach
202.276.5357
eric@step-3.com