SHANGHAI, July 18, 2017 /PRNewswire/ -- Acorn
International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today
announced the resignation of two directors, David Naphtali and Cosimo Borelli, for personal reasons effective
July 17, 2017.
"I'd like to thank Mr. Naphtali and Mr. Borelli for their
contributions to the board over the last few years. Their expertise
as professional fiduciaries was invaluable in guiding the Company
through a particularly tumultuous time," said Mr. Jacob A. Fisch, President of Acorn. "Now that
Acorn is at an inflection point, we will seek to replace their
seats with business leaders and entrepreneurs with industry
experience more relevant to Acorn's business going forward."
About Acorn International, Inc.
Co-founded in 1998 by Executive Chairman Robert Roche, Acorn is
a marketing and branding company in China with a proven track record of
developing, promoting and selling a diverse portfolio of
proprietary-branded products, as well as well-established and
promising new products from third parties. Its business is
currently comprised of two main divisions, its direct sales
platforms and its nationwide distribution network. For more
information visit www.acorninternationalir.com.
Safe Harbor
Statement
This news release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "anticipates," "believes,"
"estimates," "expects," "future," "going forward," "intends,"
"outlook," "plans," "target," "will," and similar statements. Such
statements are based on management's current expectations and
current market and operating conditions, and relate to events that
involve known or unknown risks, uncertainties, and other factors,
all of which are difficult to predict and many of which are beyond
the Company's control, which may cause the Company's actual
results, performance, or achievements to differ materially from
those in the forward-looking statements. Further information
regarding these and other risks, uncertainties, or factors is
included in the Company's filings with the U.S. Securities and
Exchange Commission. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events, or otherwise, except as required by
law.
Contact:
|
|
Acorn International,
Inc.
|
Compass Investor
Relations
|
Ms. Naomi
Deng
|
Ms. Elaine Ketchmere,
CFA
|
Phone
+86-21-5151-2944
|
Phone:
+1-310-528-3031
|
Email:
dengqi@chinadrtv.com
|
Email:
Eketchmere@compass-ir.com
|
www.chinadrtv.com
|
www.compassinvestorrelations.com
|
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content:http://www.prnewswire.com/news-releases/acorn-international-announces-changes-to-the-board-of-directors-300490098.html
SOURCE Acorn International, Inc.