Alloy Appoints Richard Perlman to Its Board of Directors; Regains Compliance with Nasdaq Independent Director Requirements
26 Settembre 2006 - 2:00PM
Business Wire
Alloy, Inc. (�Alloy�) (NASDAQ: ALOY), a media and marketing company
primarily targeting the dynamic 10-24 year old market announced
today that it has appointed Richard Perlman as an additional member
of its Board of Directors. As a result of this appointment, Alloy
has regained compliance with Nasdaq Marketplace Rule 4350(c)(1),
which requires Alloy to maintain a majority of independent
directors. Mr. Perlman will serve as one of the five independent
directors on Alloy�s Board effective as of September 22, 2006 and
will stand for election at the Company's 2008 Annual Meeting of
Stockholders. Alloy�s Corporate Governance and Nominating Committee
recommended the appointment of Mr. Perlman and the full Alloy Board
unanimously approved such recommendation. Mr. Perlman is Chairman
of TurboChef Technologies, Inc. which develops and manufactures
speed-cooking solutions. He was formerly chairman of PracticeWorks,
Inc. from March 2001 until its acquisition by The Eastman Kodak
Company in October 2003. From January 1998 to March 2001, he served
as chairman and treasurer of AMICAS, Inc. (formerly VitalWorks
Inc.). Mr. Perlman is the founder of Compass Partners, L.L.C., a
merchant banking and financial advisory firm specializing in
corporate restructuring and middle market companies, and has served
as its President since its inception in May 1995. From 1991 to
1995, he was Executive Vice President of Matthew Stuart & Co.,
Inc., an investment banking firm. Mr. Perlman received a B.S. in
Economics from the Wharton School of the University of Pennsylvania
and a Masters in Business Administration from the Columbia
University Graduate School of Business. Matt Diamond, Alloy�s
Chairman and Chief Executive Officer, commented on the recent board
addition, stating, "We believe that we have further strengthened
the Company by adding Richard Perlman to the Alloy Board. His
history of creating significant�shareholder value as well as his
strong financial background will benefit Alloy's management and
contribute to its long-term growth." About Alloy Alloy, Inc., under
the banner of Alloy Media + Marketing (AM+M), is a widely
recognized pioneer in nontraditional marketing. Working with AM+M,
marketers reach consumers through a host of programs incorporating
Alloy's diverse array of media and marketing assets and expertise
in direct mail, college and high school media, interactive, display
media, college guides, promotional and social network marketing.
For further information regarding Alloy, please visit our corporate
website at (www.alloymarketing.com). Forward-Looking Statements
This announcement may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, including statements
regarding our expectations and beliefs regarding our future results
or performance. Because these statements apply to future events,
they are subject to risks and uncertainties. When used in this
announcement, the words "anticipate", "believe", "estimate",
"expect", "expectation", "project" and "intend" and similar
expressions are intended to identify such forward-looking
statements. Our actual results could differ materially from those
projected in the forward-looking statements. Additionally, you
should not consider past results to be an indication of our future
performance. Factors that might cause or contribute to such
differences include, among others, our ability to: increase
revenues; generate high margin sponsorship and multiple revenue
streams; increase visitors to our Web sites (www.alloy.com,
www.delias.com, and www.ccs.com) and build customer loyalty;
develop our sales and marketing teams and capitalize on these
efforts; develop commercial relationships with advertisers and the
continued resilience in advertising spending to reach the teen
market; manage the risks and challenges associated with integrating
newly acquired businesses; and identify and take advantage of
strategic, synergistic acquisitions and other revenue
opportunities. Other relevant factors include, without limitation:
our competition; seasonal sales fluctuations; the uncertain
economic and political climate in the United States and throughout
the rest of the world, and the potential that such climate may
deteriorate further; and general economic conditions. For a
discussion of certain of the foregoing factors and other risk
factors see the "Risk Factors That May Affect Future Results"
section included in our annual report on Form 10-K for the year
ended January 31, 2006, and in subsequent filings that we make with
the Securities and Exchange Commission. We do not intend to update
any of the forward-looking statements after the date of this
announcement to conform these statements to actual results, to
changes in management's expectations or otherwise, except as may be
required by law. Alloy, Inc. ("Alloy") (NASDAQ: ALOY), a media and
marketing company primarily targeting the dynamic 10-24 year old
market announced today that it has appointed Richard Perlman as an
additional member of its Board of Directors. As a result of this
appointment, Alloy has regained compliance with Nasdaq Marketplace
Rule 4350(c)(1), which requires Alloy to maintain a majority of
independent directors. Mr. Perlman will serve as one of the five
independent directors on Alloy's Board effective as of September
22, 2006 and will stand for election at the Company's 2008 Annual
Meeting of Stockholders. Alloy's Corporate Governance and
Nominating Committee recommended the appointment of Mr. Perlman and
the full Alloy Board unanimously approved such recommendation. Mr.
Perlman is Chairman of TurboChef Technologies, Inc. which develops
and manufactures speed-cooking solutions. He was formerly chairman
of PracticeWorks, Inc. from March 2001 until its acquisition by The
Eastman Kodak Company in October 2003. From January 1998 to March
2001, he served as chairman and treasurer of AMICAS, Inc. (formerly
VitalWorks Inc.). Mr. Perlman is the founder of Compass Partners,
L.L.C., a merchant banking and financial advisory firm specializing
in corporate restructuring and middle market companies, and has
served as its President since its inception in May 1995. From 1991
to 1995, he was Executive Vice President of Matthew Stuart &
Co., Inc., an investment banking firm. Mr. Perlman received a B.S.
in Economics from the Wharton School of the University of
Pennsylvania and a Masters in Business Administration from the
Columbia University Graduate School of Business. Matt Diamond,
Alloy's Chairman and Chief Executive Officer, commented on the
recent board addition, stating, "We believe that we have further
strengthened the Company by adding Richard Perlman to the Alloy
Board. His history of creating significant shareholder value as
well as his strong financial background will benefit Alloy's
management and contribute to its long-term growth." About Alloy
Alloy, Inc., under the banner of Alloy Media + Marketing (AM+M), is
a widely recognized pioneer in nontraditional marketing. Working
with AM+M, marketers reach consumers through a host of programs
incorporating Alloy's diverse array of media and marketing assets
and expertise in direct mail, college and high school media,
interactive, display media, college guides, promotional and social
network marketing. For further information regarding Alloy, please
visit our corporate website at (www.alloymarketing.com).
Forward-Looking Statements This announcement may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, including statements regarding our expectations and
beliefs regarding our future results or performance. Because these
statements apply to future events, they are subject to risks and
uncertainties. When used in this announcement, the words
"anticipate", "believe", "estimate", "expect", "expectation",
"project" and "intend" and similar expressions are intended to
identify such forward-looking statements. Our actual results could
differ materially from those projected in the forward-looking
statements. Additionally, you should not consider past results to
be an indication of our future performance. Factors that might
cause or contribute to such differences include, among others, our
ability to: increase revenues; generate high margin sponsorship and
multiple revenue streams; increase visitors to our Web sites
(www.alloy.com, www.delias.com, and www.ccs.com) and build customer
loyalty; develop our sales and marketing teams and capitalize on
these efforts; develop commercial relationships with advertisers
and the continued resilience in advertising spending to reach the
teen market; manage the risks and challenges associated with
integrating newly acquired businesses; and identify and take
advantage of strategic, synergistic acquisitions and other revenue
opportunities. Other relevant factors include, without limitation:
our competition; seasonal sales fluctuations; the uncertain
economic and political climate in the United States and throughout
the rest of the world, and the potential that such climate may
deteriorate further; and general economic conditions. For a
discussion of certain of the foregoing factors and other risk
factors see the "Risk Factors That May Affect Future Results"
section included in our annual report on Form 10-K for the year
ended January 31, 2006, and in subsequent filings that we make with
the Securities and Exchange Commission. We do not intend to update
any of the forward-looking statements after the date of this
announcement to conform these statements to actual results, to
changes in management's expectations or otherwise, except as may be
required by law.
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