ENCINITAS, Calif.--(BUSINESS WIRE)-- Single Touch Systems Inc. (OTCBB:SITO.ob - News), an innovative mobile media solutions provider, announced today the expansion of its senior management team with the appointment of John Quinn, a seasoned financial, management and business executive, as Chief Financial Officer. James Orsini, who was appointed Chief Executive Officer and President of Single Touch on May 16, 2011, had also served as interim Chief Financial Officer since then. Mr. Orsini will continue in his roles of Chief Executive Officer and President. Mr. Quinn’s appointment was effective September 26, 2011.
“This is an exciting time at Single Touch. Demand for our product offerings from retailers, advertisers and brands for our proven mobile media solutions is clearly increasing. As our growth accelerates, adding a proven financial executive such as John Quinn strengthens Single Touch’s financial foundation,” said James Orsini. “I have known John for over 25 years and had the pleasure of working with him at KPMG and Saatchi & Saatchi. I am confident that his experience and expertise will help Single Touch achieve its financial goals and build shareholder value. I welcome John to Single Touch and look forward to his contributions as a key member of the expanded senior management team that will lead the company through its next stage of growth."
According to Quinn, “I was drawn to Single Touch by the opportunity to help develop and manage the business success of a company that has established a leadership position in the burgeoning mobile marketing space. I also look forward to working once again with James Orsini, a proven leader of growth companies who brings a unique combination of marketing, financial and operational experience and skills to our company and to the mobile media industry.”
At Single Touch, Mr. Quinn will be based in the company’s new headquarters located in the Newport Corporate Center, Jersey City, New Jersey. The office is scheduled to officially open on October 3, 2011. He will work closely with the CEO, James Orsini and with the Chairman and Chief Innovation Officer, Anthony Macaluso, as well as the Board of Directors to further the company’s financial and operational success.
Mr. Quinn (48) was most recently Principal of ParenteBeard, LLC, an accounting and consulting firm. He was responsible for starting and was co-head of the Transaction Advisory Services group, which focused on M&A advisory and international tax consulting. Prior to joining ParenteBeard in 2010, Mr. Quinn was the New York based Chief Financial Officer of Financial Dynamics, a financial communications and investor relations consultancy. During his six year tenure, Mr. Quinn was instrumental in converting an investor relations services provider into a full service multinational and overseeing the sale and integration of Financial Dynamics to FTI Consulting, Inc. (NYSE:FCN - News).
From 1997-2004 Mr. Quinn was a partner at Scarpati Quinn & Hennessey, LLP, where he was a key contributor to the rapid growth of the accounting firm into an advisory, consulting and international tax service provider. For the eight years prior, he was senior manager of M&A and tax at Saatchi & Saatchi, the global advertising and marketing giant. Mr. Quinn began his career as a senior associate at KPMG in 1986.
Mr. Quinn holds a MBA in international finance from Columbia University’s Business School and graduated with a B.S. in accounting from the State University of New York. He is a Certified Public Accountant.
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