SANTA MONICA, Calif.,
March 25, 2014 /PRNewswire/
-- BOLDFACE Group, Inc. (OTCQB: BLBK), a celebrity beauty
licensing company focused on top tier entertainment and designer
brands for opportunities in the beauty, home and fragrance market,
announced the appointment of Mr. John
LaBonty as President and Chief Executive Officer.
Mr. LaBonty joins with a wealth of experience including
VP/General Manager of International for Smashbox Cosmetics, where
he grew gross revenue by more than 400%. Mr. LaBonty also has
extensive mass-market consumer brand experience with Procter &
Gamble and Tambrands (Tampax tampons). He has led multiple
sales, marketing and general management organizations with both
companies within North America and
internationally. In addition to his extensive consumer
experience, Mr. LaBonty was the Vice President of Sales and
Distribution for Citigroup's Latin
America consumer division where he oversaw a $2.3 billion organization of more than 10,000
personnel spanning 19 countries. Mr. LaBonty has the perfect
blend of leadership roles in consumer product and finance
organizations.
"We could not be more thrilled with the addition of Mr. LaBonty
to lead the company. We are honored that Mr. LaBonty will be
taking the helm and bringing the company vision to life," said
Nicole Ostoya, the current CEO who
will transition to Co-Founder and Chief Marketing Officer of
Boldface. "He brings excellent leadership, operational and
financial expertise combined with significant international
experience. A force to be reckoned with."
"I am delighted to have the opportunity to join Boldface Group
and to assist Nicole and Robin in their vision to create the
world's leading branding and licensing company. I am
impressed with what they have created and am confident that we can
bring their vision to reality." said Mr. LaBonty.
Boldface ended its last quarter ended December 31, 2013 with gross revenues of
$1.969 million, a 27% increase over
the prior quarter, and LTM (Last Twelve Months) gross revenues of
$8.433 million.
About BOLDFACE
BOLDFACE is a Santa Monica,
California based celebrity beauty licensing company founded
by beauty industry veterans Nicole
Ostoya and Robin Coe
Hutshing. BOLDFACE sells cosmetics and beauty products
under the Kardashian Beauty™ brand, and will sell fragrance
products by Mario Lopez and beauty
and personal care products by UGLYDOLL™. Please visit
www.boldfacegroup.com for further information.
Safe Harbor Statement
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking statements
as that term is defined in the Private Securities Litigation Reform
Act of 1995. Any forward-looking statements contained herein
are based on current expectations, but are subject to a number of
risks and uncertainties. The factors that could cause actual future
results to differ materially from current expectations include, but
are not limited to, risks and uncertainties relating to the
availability of additional funding; and the Company's business,
product development, marketing and distribution plans and
strategies. These and other factors are identified and
described in more detail in the Company's filings with the United
States Securities and Exchange Commission, including, the Company's
Current Reports on Form 8-K. The Company does not undertake
to update these forward-looking statements.
Website: http://www.boldfacegroup.com
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SOURCE BOLDFACE Group, Inc.