BNET Industries

Market Cap:$243.1M
Last Fiscal Year Sales:$2.9M
  • Public
  • US
Dow Jones Description

WorldGate's mission is to create the most innovative and pervasive personal video telephony worldwide; to achieve leadership in market share and technological advancement; and to provide compelling returns on all shareholder investments.

Chief Executive Officer
Hal M. Krisbergh
Number of Employees 39
Contact Information

3190 Tremont Ave

Trevose, Pennsylvania 19053

wgate.com

(215) 354-5455 (Sales & Public Rels)

NAICS Code Telephone Apparatus Manufacturing: 334210

Recent Events

  • WorldGate Teams with Kenmec for Digital Video Phones

    11/25/09 - Joint Venture / Alliance - View Story

  • Deltathree to Provide Digital Voice, Video Services to WorldGate Communications

    10/19/09 - Joint Venture / Alliance - View Story

  • WorldGate Releases Second Quarter 2009 Results

    8/14/09 - Financial Announcement - View Story

  • WorldGate Appoints Dr. George Daddis as CEO

    8/07/09 - Mgmt. Change Entering - CEO - View Story

  • WorldGate Communications Appoints New Executive

    7/10/09 - Mgmt. Change Entering - Vice President - View Story

News & Analysis

finance and worldgate communications - All News and Analysis

Decision Makers

Name (plus bio) Position
Hal M. Krisbergh Chief Executive Officer
James McLoughlin CIO & Senior Vice President
Joel Boyarksi C.F.O.
Joel I. Boyarski Senior Vice President, Chief Financial Officer
Rich Westerfer Chief Operations Officer, Senior Vice President
David Stevanovski Director
Gregory Provenzano Director
Steven C. Davidson Director

Board of Directors

Name (plus bio) Position
Robert Stevanovski Chairman
Anthony Cassara Board of Directors
Clarence L. Irving Jr. Board of Directors
Geoffrey M Boyd Board of Directors
Jeff Morris Board of Directors
Larry Irving Board of Directors
Lemuel A Tarshis Board of Directors
Martin Jaffe Board of Directors
Richard P. Nespola Board of Directors

Organization Position Status
Ojo Video Phone Chairman, Chief Executive Officer Current
Ojo Services Chairman, Chief Executive Officer Current
WorldGate Communications, Inc. Chief Executive Officer Current
WorldGate Communications, Inc. Founder Current
Worldgate LLC Founder Current
WorldGate Communications, Inc. Chairman Current
W.R. Grace & Company president Former
Deloitte Touche Tohmatsu consultant Former
Boston University MBA Former
City College of New York BSEE degree Former

James E. McLoughlin is the Senior Vice President of Sales, Marketing, and Business Development for WorldGate. Mr. McLoughlin was appointed Vice President of Business and Account Development in February 2001. Mr. McLoughlin is responsible for all sales, deployment, and business development efforts. Mr. McLoughlin has 20 years of cable industry affiliate sales and operational experience. He got his start in the business when he joined HBO, cable's market-leading subscription service, in 1981. He earned progressively responsible positions at HBO, including Account Executive, Regional Sales Manager, Director of Affiliate Operations, and finally, Vice President of Affiliate Sales and Operations of HBO's Philadelphia region. Mr. McLoughlin played a central role in taking HBO from a promising premium service to the cable industry's largest, most profitable quality premium network. Mr. McLoughlin is an active member of many industry organizations, including the American Marketing Association's Speakers Bureau, the Boards of Directors of the West Virginia Cable Television Association, Atlantic Cable Show, and CTAM of the Mid-Atlantic and New Jersey Cable Telecommunications Association. He was president of CTAM Mid-Atlantic from 1991 to 1995. He also served on the Long Range Plan Committee for the Tredyffrin-Easttown School District, the Board of Directors of the Devon-Strafford Little League, and the Board of Advisors of the Caron Foundation. Mr. McLoughlin earned an MBA in Finance from The Wharton School at the University of Pennsylvania. He also holds an M.A. degree from Columbia University, and a B.S. degree from Niagara University.

Organization Position Status
WorldGate Communications, Inc. CIO & Senior Vice President Current
Ojo Video Phone Senior Vice President of, Sales, Marketing Current
Ojo Services Senior Vice President of, Sales, Marketing Current
Tredyffrin/Easttown School District Former
Columbia University M.A. Degree Former
Wharton Graduate School of the University of Pennsylvania MBA In Finance Former
Niagara University B.S. Degree Former

Organization Position Status
WorldGate Communications, Inc. C.F.O. Current

Organization Position Status
Worldgate LLC Chief Financial Officer Current
Ojo Services Senior Vice President, Chief Financial Officer Current
Ojo Video Phone Senior Vice President, Chief Financial Officer Current
WorldGate Communications, Inc. Senior Vice President, Chief Financial Officer Current
Worldgate LLC Senior Vice President Current
Raytheon Company Project Supervisor Former
Seagram Former
Boston University M.B.A. Degree In Finance Former
City College of New York Bachelor of Mechanical Engineering Former

Organization Position Status
WorldGate Communications, Inc. Chief Operations Officer, Senior Vice President Current
Ojo Personal Video Phone Chief Operations Officer, Senior Vice President Current
Worldgate LLC Chief Operations Officer Current
Ojo Video Phone Chief Operations Officer, Senior Vice President Current
Ojo Services Chief Operations Officer, Senior Vice President Current
Worldgate LLC Senior Vice President Current
General Instrument Corporation Senior Director of Engineering Former
Institute of Electrical and Electronics Engineers, Inc. member Former
Wharton Graduate School of the University of Pennsylvania Master of Science degree in Engineering Management Former

Organization Position Status
ACN, Inc. Chairman & Co-Founder Current
WorldGate Communications, Inc. Chairman Current
ACN, Inc. Board Member Current

He is currently the President of Cassara Management Group, Inc. (CMGI), a privately held business counseling practice focused on the telecommunications industry. CMGI specializes in business evaluations, management recruitment & development, organizational change strategies and creating strategic business growth opportunities for telecommunications companies.

Organization Position Status
Cassara Management Group Inc. President Current
Oregon Telecom, Inc. Director Current
Deltathree, Inc. Board of Directors Current
WorldGate Communications, Inc. Board of Directors Current
Pangea Corporation Chief Executive Officer Former
Pangea Corporation President Former
Frontier Corporation President Former
Cassara Management Group Inc. Founder Former
Comptel Corporation Chairman of the Board Former
Teleglobe International Board of Directors Former
The American National Red Cross Board of Directors Former
Pangea Corporation Vice Chairman Former
The Flag Company, Inc. Board of Directors Former
Mpower Communications Board of Directors Former
Boston College Master's Degree In Business Administration Former
State University of New York at Plattsburgh Bachelor's Degree In Business Administration Former

Clarence L. Irving, Jr. has been a member of our board of directors since July 2000. He has been President and Chief Executive Officer of Irving Information Group, a consulting services firm, since October 1999 and has served as a director of Covad Communications Group, Inc. since April 1999. Covad owns and operates the largest national broadband network, and is a leading supplier of facilities-based provider of data, voice, and wireless telecommunications solutions for small and medium-sized businesses. Covad is also a key supplier of high-bandwidth access for telecommunications services providers like EarthLink, AOL, and AT&T. On August 15, 2002, Covad Communications Group, Inc. filed a voluntary petition for relief under Chapter 11 of the Federal bankruptcy code in the United States Bankruptcy Court for the District of Delaware. Mr. Irving served as Assistant Secretary of Commerce to the United States Department of Commerce from June 1993 to October 1999.

Organization Position Status
WorldGate Communications, Inc. Board of Directors Current
Covad Communications Group, Inc. Director Current
Commerce Corp. Assistant Secretary Former

Organization Position Status
Deltathree, Inc. Board of Directors Current
WorldGate Communications, Inc. Director Current

Organization Position Status
WorldGate Communications, Inc. Board of Directors Current
Oregon Telecom, Inc. Chief Financial Officer Former
Integra Telecom, Inc. Chief Financial Officer Former
Shawmut Bank Vice President Former
Dartmouth College B.A. Degree Former

Organization Position Status
Deltathree, Inc. Board of Directors Current
WorldGate Communications, Inc. Director Current
Worldgate LLC Director Current

Jeff Morris has been a member of our board of directors since April 2001. Mr. Morris is currently Senior Vice President of Long Term Strategy & Technology Development at Showtime Networks Inc., an originator and distributor of entertainment content through its premium television networks SHOWTIME , THE MOVIE CHANNEL and FLIX , as well as the multiplex channels SHOWTIME TOO , SHOWTIME SHOWCASE, SHOWTIME EXTREME , SHOWTIME BEYOND , SHOWTIME NEXT , SHOWTIME WOMEN , SHOWTIME FAMILYZONE and TMC xtra. He has been in his current position since August 2005. From June 2001 to July 2005, Mr. Morris was the principle of Digital Media Consulting, a new media consulting company. From July 1999 to April 2001 Mr. Morris was President and Chief Executive Officer of Yack, Inc., an Internet events and program guide. Mr. Morris is a veteran of the cable television industry, including a previous tenure from 1984 through 1999 at Showtime Networks, Inc., where his last position was Senior Vice President of New Media and Technology Development.

Organization Position Status
Showtime Networks Inc. Senior Vice President of Long Term Strategy & Technology Development Current
WorldGate Communications, Inc. Board of Directors Current

Organization Position Status
WorldGate Communications, Inc. Board of Directors Current

Organization Position Status
Life-Pack Technologies, Inc. Senior Vice President Current
Aequus Technologies, LLC Co-Founder Current
WorldGate Communications, Inc. Board of Directors Current
General Instrument Corporation Vice President Former
General Instrument Corporation General Manager Former
Aequus Technologies, LLC Management Consultant Former
GTECH, LLC Management Consultant Former
Stanford University Ph.D. Former

Organization Position Status
Silvercrest Asset Management Group LLC Chief Operating Officer Current
Financial Planning Association Current
Silvercrest Asset Management Group LLC Vice Chairman Current
WorldGate Communications, Inc. Board of Directors Current
Credit Suisse Chief Financial Officer Former
Credit Suisse Asset Management Chief Financial Officer Former
Silvercrest Asset Management Group LLC Managing Director Former
Silvercrest Asset Management Group LLC Co-Founder Former
U.S. Trust Corporation Former
Pace University Mba from Pace. Former

Richard P. Nespola is the founder, Chairman and CEO of The Management Network Group, Inc. (NASDAQ: TMNG), the leading provider of strategy, management, operational, and technology consulting services to the global telecommunications, media and entertainment industries. TMNG Global and its operating divisions, Cambridge Strategic Management Group (CSMG) and Cartesian, have performed services for more than 1,200 clients worldwide. With some 600 consultants, the firm is headquartered in Overland Park, Kansas, and has offices in Boston, Chicago, London, New Jersey, New York, Shanghai, and Washington, D.C. During Rich’s diversified career in telecommunications, he has acquired extensive experience in developing strategic and tactical plans across a broad range of areas. He has spearheaded assignments to assist clients with their transformation including new business models, infrastructure, processes and systems required to meet the needs of a dynamic marketplace. TMNG worked with a partner to develop the advanced Wireless Technology Lab, in San Diego, California—the first of its kind in the nation, providing a vendor- and technology-neutral environment for the testing and showcasing of emerging wireless technology infrastructure, applications, and operations.Prior to founding The Management Network Group in 1990, Rich held executive positions with MCI and Sprint. Rich serves on several corporate boards, is a member of the Executive Council of the International Engineering Consortium, and was named by Phone + magazine in 1997 and in 1998 as one of the industry’s 25 most influential people. He received the Ernst & Young Entrepreneur of the Year® Master Award for the Western Region making him a national finalist in the Ernst and Young Entrepreneur of the Year® program in 2000. Rich previously served as a director and chairman of the Association of Telecommunications Financial Managers. In addition, he was part of the adjunct faculty in the College of Management, having earned his BA and MBA from C.W. Post College of Long Island University. Rich has been published in various industry journals, has made presentations at numerous industry forums, and is often quoted by the press on industry trends.

Organization Position Status
The Management Network Group, Inc. Chief Executive Officer Current
The Management Network Group, Inc. Chairman Current
Groundswell Director Current
One Communications Director Current
WorldGate Communications, Inc. Board of Directors Current
Zentive Inc. Chairman of the Board, and Chief Executive Officer Former
The Management Network Group, Inc. President Former
Sprint Corporation Executive Management Roles Former
Telesphere Former
ChoiceOne Communications Inc. Board Member Former
Long Island University M.B.A. Former
Long Island University BA Former

Organization Position Status
WorldGate Communications, Inc. Director Current

Executive News

  • WorldGate Appoints Dr. George Daddis as CEO

    TradingMarkets - 8/07/09 - View Story

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     WGAT $0.72 -0.01 (-2.04% )
Average Volume 326,108
Shares Outstanding 337.70M
Market Cap 243.1M
Year High 1.55
Year Low 0.175
Earnings Per Share -0.11
P/E Ratio -6.55
Dividend N/A
Yield N/A
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