Cognigen Networks Announces Election of New Directors

CNN Money:

"Cognigen Networks, Inc. , an online pay-per-action marketing network announced today the election of four new directors and the re-election of Robert K. Bench as a director of the company. The new directors are James U. Jensen, Roy D. Banks, John M. Knab, and John D. Thomas.

The directors were elected during Cognigen's annual shareholder meeting that was held on December 10, 2007. Following the shareholder meeting, the reconstituted board of directors elected James U. Jensen to serve as Chairman of the Board.

James U. Jensen is also the Independent Board Chairman for the Wasatch Funds and served as Secretary and General Counsel of NPS Pharmaceuticals until 2004 and as a Director until 2001. Roy D. Banks has over 15 years of experience in the high-tech, Internet marketing and payment processing industries. He currently serves as President of Authorize.Net, a leading provider of Internet payment processing products and services. John M. Knab is the current CEO, President, and Chairman of Phonex Broadband Corporation, which develops, manufactures and distributes wireless voice, audio, and data technologies."