Network Media Group (OTCMKTS:NETWF) Stock Gains Momentum: But Why?

On Wednesday, Network Media Group Inc (OTCMKTS:NETWF) was in the news cycle on Wednesday after it announced that its board member Steven Kotlowitz had retired from his position. He had been a member of the board since as far back as 2012. In the press release put out yesterday by the company, Network Media Group’s entire management team and board thanked him for his contributions and wished him well.

Trading Data

On Wednesday, NETWF stock ended flat at $0.0385 with more than 10K shares, compared to its average volume of 4.51K shares. The stock moved within a range of $0.0385 – 0.0385 after opening trade at $0.0385.

Network Media Group Announces Board Member Steven Kotlowitz Retirement

The founder and Chief Executive Officer of the company Derik Murray spoke about the development as well. He noted that Kotlowitz had been a noted support of the company’s strategy to build a company with worldwide presence and establishing the Network Media Group brand in the global markets.

Kotlowitz had formerly been a senior executive in both entertainment and sports, which helped him in providing the management of the company with the right guidance.

Murray went on to add that although Kotlowitz was moving away from his position on the company’s board he was going to continue to be a mentor and advisor to Network Media Group. Kotlowitz noted that he was proud of his stint at the company and the contributions that he had made to Network Media Group throughout the course of his tenure.