MIVA, Inc. Announces the Departure of CFO & COO Lowell W. Robinson

Ad Operations OnlineMike Cutler, MIVA, Inc’s SVP Finance / Chief Accounting Officer, promoted to CFO

NEW YORK – MIVA, Inc., (NASDAQ:MIVA), announced that CFO and COO Lowell Robinson will be leaving the company. Mr. Robinson’s departure follows the asset sale of MIVA, Inc’s MIVA Media business to Adknowledge, Inc. on March 12, 2009. MIVA, Inc.’s existing SVP Finance / Chief Accounting Officer Mike Cutler will assume Mr. Robinson’s duties and take the new title of CFO. The changes are effective immediately.

“Lowell made important contributions to MIVA, Inc. in its turnaround efforts since joining in December 2006 and we wish him the best of luck for the future,” commented Peter Corrao, President and CEO of MIVA, Inc.

“I am delighted to announce the promotion of Mike Cutler to the role of CFO. Mike is a seasoned finance professional with an impressive track record and a deep understanding of MIVA, Inc.’s financial operations. I look forward to working with him as we embark on this exciting new phase in the company’s development following the sale of MIVA Media.”

Mr. Cutler joined MIVA, Inc. in December 2006, prior to which he worked for two years as CFO at NASDAQ listed voice, video and broadband provider, WVT Communications. Previously Mr. Cutler worked as Finance Director at Gibraltar Steel and before that he was SBC/Ameritech’s Executive Director of Finance responsible for managing their international telecom portfolio.

Following the sale of its MIVA Media business, MIVA, Inc. has reduced its corporate team by over 50 percent, which includes the transfer of 10 corporate personnel to Adknowledge, Inc.


About MIVA, Inc.

MIVA, Inc. (NASDAQ:MIVA) is an Internet company that owns and operates the ALOT product portfolio. ALOT’s products are designed to ‘Make the Internet Easy’ by enhancing the way consumers engage with content online. The company’s millions of active users utilize ALOT to discover ‘best-of-the-web’ third party content, display that content through customizable toolbar, homepage and desktop products and deliver high value search traffic to MIVA, Inc for in-house and third-party monetization.