Jeffrey S. Stubbs Appointed President of Retail Operations for Movie Gallery, Inc.
May 04 2007 - 9:00AM
PR Newswire (US)
New Position Consolidates Operational Leadership of Movie Gallery,
Hollywood Video and Game Crazy DOTHAN, Ala., May 4
/PRNewswire-FirstCall/ -- Movie Gallery, Inc. (NASDAQ:MOVI) today
announced that Jeffery S. Stubbs, Executive Vice President and
Chief Operating Officer of the Movie Gallery division, has been
appointed President of Retail Operations for the Company, effective
immediately. In this new position, Mr. Stubbs will be responsible
for all aspects of retail operations for the Company's three
brands: Movie Gallery, Hollywood Video and Game Crazy. Joe Malugen,
Chairman, President and Chief Executive Officer of Movie Gallery
said, "Jeff has been a great asset to our Company and has
demonstrated the leadership, discipline and sound judgment to
successfully consolidate operational leadership for the Company's
retail operations. We believe that this change provides
considerable opportunities to enhance and streamline the
operations' organization, and I am confident that Jeff is the right
person to unify our efforts." Mr. Stubbs, 44, has more than 26
years of retail management experience in the video specialty,
grocery and food service industries. He joined the company in 1995
as part of the field management team and has served in several
positions of increasing responsibility, including Senior Vice
President of Store Operations and Executive Vice President and
Chief Operating Officer for the Movie Gallery division. Under Mr.
Stubbs' leadership Movie Gallery has successfully integrated nearly
200 retail video chain acquisitions. In consolidating operational
leadership, Timothy A. Winner, Executive Vice President and Chief
Operating Officer of the Hollywood division, has stepped down from
his position and will support a leadership transition over the next
several weeks. About Movie Gallery The Company is the second
largest North American video rental company with over 4,575 stores
located in all 50 U.S. states and Canada operating under the
brands: Movie Gallery, Hollywood Video, Game Crazy and MovieBeam.
The Game Crazy brand represents 626 in-store departments and 14
free-standing stores serving the game market in urban locations
across the Untied States. MovieBeam is a movies-on-demand service
that provides instant access to a changing lineup of movies through
digital delivery to the home. Since Movie Gallery's initial public
offering in August 1994, the Company has grown from 97 stores to
its present size through acquisitions and new store openings. For
more information about the Company, please visit our website at:
http://www.moviegallery.com/. Forward Looking Statements To take
advantage of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, you are hereby cautioned that this
release contains forward-looking statements, including statements
regarding the Company's operational plans, that are based upon the
Company's current intent, estimates, expectations and projections
and involve a number of risks and uncertainties. Various factors
exist which may cause results to differ from these expectations.
These risks and uncertainties include, but are not limited to,
risks related to the integration of acquisitions generally and the
risk factors that are discussed from time to time in the Company's
SEC reports, including, but not limited to, the Company's annual
report on Form 10-K for the fiscal year ended December 31, 2006.
The Company undertakes no obligation to update any forward-looking
statements, whether as a result of new information, future events,
or otherwise. Contacts Analysts and Investors: Michelle K. Lewis,
Movie Gallery, Inc., 503-570- 1950 Media: Andrew B. Siegel of Joele
Frank, Wilkinson Brimmer Katcher, 212- 355-4449 ext. 127
DATASOURCE: Movie Gallery, Inc. CONTACT: Analysts and Investors,
Michelle K. Lewis of Movie Gallery, Inc., +1-503-570-1950; or
Media, Andrew B. Siegel of Joele Frank, Wilkinson Brimmer Katcher,
+1-212-355-4449 ext. 127, for Movie Gallery, Inc. Web site:
http://www.moviegallery.com/
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