April 24, 2009 (FinancialWire) — Private Media Group, Inc. (NASDAQ: PRVT) (Current Market Cap: US$65.90 Mil.) has appointed Ilan Bunimovitz as CEO to replace Berth Milton, who will continue to serve as the company’s president and chairman. Peter Cohen, who has served as COO since November of 2006, is leaving the company.

Bunimovitz has been executive vice president of Private’s online media division since January, when Private acquired San Francisco-based GameLink LLC, an adult retail portal and ecommerce provider founded by Bunimovitz in 1993. Bunimovitz is also a member of the board of directors and a major shareholder of Private Media.

Barcelona, Spain-based Private Media Group is an adult entertainment firm that distributes content globally via multiple platforms, including broadcasting, mobile, internet, as well as DVDs and print publications.

The company’s GameLink unit is an adult Internet retail site focusing on the digital distribution of adult media and merchandise delivered through its retail website.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.