Friday, September 17, 2010

Upstream Worldwide, Inc. (MFGD.OB) Appoints New Chief Operating Officer

Upstream Worldwide, Inc. has quickly evolved into a direct-from-consumer reverse logistics recycler of precious metals and electronics. Located in Fort Lauderdale, Florida, Upstream Worldwide has developed a number of consumer websites and a unique global platform. Today, Upstream Worldwide announced they have appointed Chuck Wallace as their new Chief Operating Officer.

Wallace is a major player in the sector and is well-known for being the co-founder of Esurance Insurance Group in 1999 and was a key member of the senior team at the company until 2007. After his success at Esurance, Wallace served as the CEO of Ustream TV and helped the company evolve into a multi-national leader in live interactive video broadcast space. Since June 2008, Wallace has been a private equity investor and served in advisory and consulting roles for several software companies and internet services.

Leading the team at Upstream is Doug Feirstein who serves as the company’s CEO. When asked what the addition of Chuck Wallace will mean to the young company, Feirstein was quoted as saying, “We are very excited to officially welcome Chuck as our new COO. He has tremendous experience in successfully leading companies through rapid growth environments. His ability to perform at the highest level in several critical areas of a corporation including operations, financing, business development and corporate strategy, add tremendous value to our Company as we are continually expanding our business strategies and operations to capitalize on growth opportunities in niche markets that utilize our core strengths.”

To learn more corporate information about Upstream Worldwide, visit the main company website at: www.Money4Gold.com.

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