NEW YORK, March 1, 2012 /PRNewswire/ -- Harris Interactive
Inc. (Nasdaq: HPOL), a global custom market research firm, today
announced that Al Angrisani will
serve as its President and Chief Executive Officer, and will join
the Board of Directors of the Company, as Vice Chairman, effective
immediately. Mr. Angrisani has served as the Company's Interim
Chief Executive Officer since June 7,
2011.
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Mr. Angrisani commented, "Since last June we have made progress
initiating the turnaround program and improving the Company's cash
and liquidity position. Much work needs to be done, but my decision
to serve as President and CEO demonstrates my strong belief in
Harris and the Harris brand. I
look forward to working with the management team, employees, and
the Board of Directors to improve shareholder value through the
execution of a successful turnaround program."
Howard Shecter, Chairman of
Harris Interactive's Board of Directors, said, "I am pleased that
Al has agreed to become President and CEO of the Company through
June 30, 2014. Al's leadership has
already had a tremendous impact on the Company and is critical to
our ability to successfully execute the turnaround program."
Additional details regarding Mr. Angrisani's appointments can be
found in the Company's Current Report on Form 8-K filed today with
the Securities and Exchange Commission.
Cautionary Note Regarding Forward Looking Statements
Certain statements in this press release constitute
forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. These statements include, among others, statements as to
future economic performance, projections as to financial items,
estimates, and plans and objectives for future operations, products
and services. In some cases, you can identify forward-looking
statements by terminology such as, "may", "should", "expects",
"plans", "anticipates", "feel", "believes", "estimates",
"predicts", "potential", "continue", "consider", "possibility", or
the negative of these terms or other comparable terminology. These
forward-looking statements involve a number of risks and
uncertainties that could cause actual results to differ materially
from those in the forward looking statements. Such risks and
uncertainties include, without limitation, risks detailed in the
"Risk Factors" section of the Company's most recent Annual Report
on Form 10-K, as updated quarterly in our Quarterly Reports on Form
10-Q to reflect additional material risks. The Company has filed
its reports on Forms 10-K and 10-Q with the Securities and Exchange
Commission, and they are available under the Investor Relations
section of our website at http://ir.harrisinteractive.com/. Risks
and uncertainties also include the continued volatility of the
global macroeconomic environment and its impact on the Company and
its clients, the Company's ability to sustain and grow its revenue
base, the Company's ability to maintain and improve cost efficient
operations, the impact of reorganization, restructuring and related
charges, quarterly variations in financial results, actions of
competitors, the Company's ability to develop and maintain products
and services attractive to the market, the Company's ability to
remain in compliance with the financial covenants in its credit
agreement, and uncertainties surrounding the Company's ability to
regain compliance with certain NASDAQ listing requirements.
You are urged to consider these factors carefully in evaluating
such forward-looking statements and are cautioned not to place
undue reliance on them. The forward-looking statements are
qualified in their entirety by this cautionary statement.
About Harris Interactive
Harris Interactive is one of the world's leading custom market
research firms, leveraging research, technology, and business
acumen to transform relevant insight into actionable foresight.
Known widely for the Harris Poll and for pioneering innovative
research methodologies, Harris
offers expertise in a wide range of industries including health
care, technology, public affairs, energy, telecommunications,
financial services, insurance, media, retail, restaurant, and
consumer package goods. Serving clients in more than 215 countries
and territories through our North American and European offices and
a network of independent market research firms, Harris specializes in delivering research
solutions that help us - and our clients - stay ahead of what's
next. For more information, please visit
www.harrisinteractive.com.
HPOL – F
Press Contact:
Michael T. Burns
Investor
Relations
Harris Interactive Inc.
800-866-7655 x7328
mburns@harrisinteractive.com
SOURCE Harris Interactive