Worldlingo Appoints New Advisory Board Members

Laszlo L. Rakoczi and Eric Walter appointed as strategic advisors

WorldLingo, the professional online translation service, has appointed Laszlo Rakoczi and Eric Walter to its advisory board. Laszlo serves on a number of advisory boards and is also a senior partner at PanPacificPartners (PPP) a strategic investment banker. In the early 1980's, whilst group executive VP of Tymnet/Tymshare, Laszlo drove the creation of Minitel, the French interactive network. Eric is a strategic advisor to a number of software companies and a former management consultant with McKinsey & Co. Their expertise and strategic advice will help WorldLingo to enhance its presence in the corporate sector.

Laszlo is also chairman and founder of EduActive and a board member of Direct Stock Market. He serves on the advisory boards of:, WorldInternetCenter, NeuSoft, NovusVentures, BraxTel, MicroTeams, GemaTech and others. Laszlo has advised many Fortune 500 companies on spin-outs and divestitures. He was formerly a partner at H&Q Tech Partners, the investment bankers, where he was responsible for strategic alliances.

Eric has worked with a wide range of companies in consumer, industrial and retail markets. Since 1992, he has been engaged in early stage company financing and strategic relationships. Eric held senior positions with fast growing innovative companies with responsibilities for consumer electronics manufacturing, international sourcing, customer service, distribution operations and telesales at: Hello Direct, Electronic Arts, where he was employee number 11, and USI International.

Phil Scanlan, Chairman WorldLingo said, "As part of our next phase of growth, we plan to grow our business to business links with corporate markets. Laszlo and Eric's corporate expertise, industry knowledge and strategic advice will help WorldLingo to real ise its ambitions for growth in the corporate sector. We are looking forward to Laszlo and Eric's contribution to our expansion."


About WorldLingo

WorldLingo is a leading provider of integrated, online translation solutions. The company's services range from cost effective machine translation solutions, to professional human translation and culturally sensitive localization. A global network of over 5,000 professional translators produces human translations. WorldLingo also offers unique, real-time translation solutions for two-way email and instant messaging. These solutions make it easy for businesses and professionals to interact with internal and external multilingual audiences anywhere in the world. By combining accurate and cost effective translation, WorldLingo is taking great strides towards breaking down language barriers in the world of commerce.

WorldLingo produces thousands of translations every day. Clients include AT&T, Sony, Eli Lilly, Belkin, Cadbury Schweppes, Qualcomm, Priceline, and Tribal DDB. WorldLingo is also an official supplier of translation services to the European Union. In addition, Microsoft has integrated WorldLingo's technology into Office XP and Word 2002. WorldLingo is a global organisation with offices in the US, Australasia and Europe.

For more information: contact WorldLingo