Adaptive Medias, Inc. announced that Jim Waltz, 45, Acting Chief Operating Officer of Adaptive Medias, Inc. and Norman Brodeur, 43, a seasoned corporate finance executive and longtime investor in Adaptive Medias, have been appointed to the Company's Board of Directors. Waltz and Brodeur will be replacing Bruce Wiseman and Mark Lambert, who have resigned from the Board, effective immediately. Mr. Waltz has been serving as Acting Chief Operating Officer of the company since January 2015.

Since August 2010, Mr. Waltz has served as the Chief Executive Officer of Beanstock Media, where he heads business strategy and execution using his hands-on knowledge of the inner workings of the technology and his strategic vision of the ad serving and ad network worlds to connect consumers with rich, engaging and relevant interactive ad content. Prior to joining Beanstock Media, Mr. Waltz held senior positions, including President of Traffic MarketPlace, Chief Executive Officer of AdModus and Vice President of Sales at DoubleClick. Mr. Brodeur, a longtime investor in Adaptive Medias, has been a Managing Partner at William Nichols Venture Capital Partners since 2003.

Mr. Brodeur has over 20 years of experience in the financial services and investment banking industries having actively participated in a number of prominent private and public offerings. Mr. Brodeur also specializes in developing strategic partnerships and alliances for emerging growth companies with a focus on companies with digital media, entertainment and disruptive technologies.