SHANGHAI, Aug. 15, 2017 /PRNewswire/ -- Acorn
International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today
announced that the Company's board of directors has appointed Pierre E. Cohade as Lead Director of Acorn. Mr.
Cohade was also appointed as chair of the Company's Compensation
and Audit Committees.
"Since joining the board earlier this year, Pierre has been a
highly involved board member, offering valuable insight and
guidance in areas such as internal control systems and procedures,
best practice optimization, corporate governance and risk control,"
said Mr. Jacob Fisch, President of
Acorn. "In the role of Lead Director, Pierre will continue to
provide active support to management. He will also take the lead as
a liaison between management and the independent members of the
Board. We look forward to working with him more closely as we
strive to take Acorn to the next level."
Executive Chairman Robert Roche agreed, "Pierre has already made
valuable contributions in his short tenure with Acorn helping
management in the turnaround of the company, and I am confident
that his expertise will continue to help guide the way forward as
we focus on growing our business."
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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SOURCE Acorn International, Inc.