Oasys CEO Resigns

Oasys Mobile CEO Gary Ban has quit after the company’s stock “fell to a 52-week low of 75 cents this week. Oasys’ value has tumbled from a 52-week high of $2.95 just a year ago”.
“Bernard Stolar, a member of the Oasys board, will take on what the company called “an active business role” in Oasys and also will serve as lead director of the board. Oasys said it had launched a serve for a new CEO.”
Oasys is bleeding money, reporting a $3.87 million loss for the first six months of the year compared to $1.78 million for the same period in 2005. To be fair, revenue is growing pretty well (except for a Sports Illustrated deal, which they got out of) and the company became one of the gatekeepers for Sprint.
Related stories:
Oasys Mobile Q2 Results

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