PodTech Network, Inc., the leading online video network featuring original technology and digital entertainment programming, today announced the appointment of James McCormick to CEO. John Furrier, the founding CEO, will continue to serve on the board of directors and lead efforts to develop new products and revenue models to support the growing demand for online video and social media based marketing.

“James has demonstrated the operational leadership to take PodTech to the next level,” said John Furrier. “I look forward to continuing to work together, to build on our market position and capitalize on the growth and opportunity in new media.”

McCormick joined PodTech in September 2006 as Chief Operating Officer. He has been instrumental in increasing the number of customers and revenue for the company as well as helping to create the infrastructure necessary to position the company for future growth. McCormick brings over 20 years of operational, finance, and senior management experience to the company. He has held senior positions at companies including Quiet Solution, Perfect Commerce, iPrint Technologies, General Magic, UB Networks and Tandem Computers.

“James has helped the company achieve admirable revenue growth and progress toward profitability since he joined PodTech in 2006,” said Paul Matteucci, general partner at US Venture Partners. “PodTech is well positioned to build on this foundation to establish a sustainable segment-leading company. John has done an amazing job of transforming PodTech from an original idea into a growing business with great customers, partners, and employees. We are pleased with his continued commitment to the company and to the development of the online media market.”

About PodTech Network

PodTech is the leading online video network featuring original technology and digital entertainment programming. PodTech’s media platform allows professional content producers to deliver their content to millions of people who can easily find, share, and interact with it. For advertisers, PodTech offers unique, highly contextual ways to reach and measure target audiences through the fastest growing, most viral medium of online video. PodTech has over 40 clients including advertisers such as IBM, Intel, Hewlett Packard, Seagate, and Symantec. Founded in 2005, PodTech Network is based in Palo Alto, California, and is funded by US Venture Partners and Venrock.