Mindspark Interactive Network Taps Gaming Industry Pro as President of IWON®

WHITE PLAINS, N.Y., July 7 /PRNewswire/ -- Mindspark Interactive Network, Inc. ("Mindspark"), a leading developer of online social and entertainment destinations and operating business of IAC (Nasdaq: IACI), today announced the addition of Gui Karyo to its executive team as President of casual gaming site IWON (www.iwon.com), one of the Internet's original gaming destinations. In this role, Mr. Karyo will be responsible for leading the strategic direction and expansion of the IWON brand.

"Gui's proven leadership in the gaming space brings valuable vision and expertise at a time when the online gaming industry is ripe with opportunity for properties with the scale, resources, and brand of IWON," said Joey Levin, CEO, Mindspark.  "The addition of Gui will help make us a stronger, more active player in this space, and we'll continue to invest in more expansive gaming experiences for our millions of monthly active users."

"It's an ideal time to join the IWON and Mindspark team," said Gui Karyo, President, IWON.  "I'm incredibly thrilled about the chance to bring innovation to IWON from across the interactive entertainment space and create unique and compelling new experiences for our core audience and new players alike." 

Most recently, Mr. Karyo was Executive Vice President, Operations at Majesco Entertainment where he led the processes for product development, marketing sales and operations and increased revenue against the casual game business. Before that, Mr. Karyo was President of Publishing, Executive Vice President, Operations and CIO for Marvel Enterprises, Inc. where he launched the first digital comic initiative with Marvel Comics and participated in the company's restructuring. Gui began his career as an electrical engineer at Lyrrus, Inc., a technology start up.  

About IWON®

IWON®, one of the fastest growing casual gaming destinations on the Web, and a top 20 game site with more than 4.7 million unique visitors per month (comScore May 2010), celebrated its 10th anniversary in 2009.   The site offers a range of both classic and new games, including Puzzle, Arcade, Casino, Card, Sports, Action and Board game favorites. Users can win cash and prizes instantly or through daily, weekly, monthly and annual sweepstakes opportunities. The site also features a Team Challenge initiative, awarding cash prizes to nationally recognized charities.  Over the past 10 years, IWON has awarded over 500,000 prizes worth more than $72 million.

About Mindspark Interactive Network, Inc.

Mindspark, an operating business of IAC (Nasdaq: IACI), is home to some of the most popular and engaging brands on the Web.  Mindspark  features social and entertainment destinations including Zwinky®, IWON®, Excite®, Retrogamer™, Kazulah™, and GirlSense®, and fun and interactive products that enable users to creatively express themselves online including Webfetti™, My Fun Cards™, SmileyCentral®, Smiley Creator™, MyWebFace™, Cursor Mania™, and Popular Screensavers™.

SOURCE Mindspark Interactive Network, Inc.