RedEnvelope Chief Operating Officer Will Assume CEO Post at FAO Schwartz
August 31 2005 - 7:30AM
PR Newswire (US)
SAN FRANCISCO, Aug. 31 /PRNewswire-FirstCall/ -- RedEnvelope, Inc.
(NASDAQ:REDE) announced today that Ed Schmults will leave his
position as Chief Operating Officer to assume the position of Chief
Executive Officer of toy retailer FAO Schwarz. The Company
currently anticipates that Mr. Schmults will remain in his position
until late September 2005. "We are very appreciative of Ed's hard
work and dedication to the Company, and we wish him well with this
exciting new opportunity," said Alison May, RedEnvelope's President
and Chief Executive Officer. Business Risks This press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 that involve risks, uncertainties and
assumptions, such as statements regarding our plans and the plans
of our employees. Actual results and the timing of events could
differ materially from those anticipated in these forward-looking
statements as a result of several factors, including, but not
limited to, changes in the transition plans regarding departing
employees. These forward-looking statements are made only as of the
date of this press release, and RedEnvelope undertakes no
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
RedEnvelope, Inc. is an online retailer of upscale gifts for every
occasion, every day. RedEnvelope offers a unique assortment of
imaginative gifts through its catalog and website,
http://www.redenvelope.com/. NOTE: RedEnvelope and the RedEnvelope
logo are registered trademarks of RedEnvelope, Inc. CONTACT: Susan
Hook of RedEnvelope, Inc., +1-415-512-6193; or investors, Jordan
Goldstein of Financial Dynamics, +1-415-439-4500, for RedEnvelope,
Inc. DATASOURCE: RedEnvelope, Inc. CONTACT: Susan Hook of
RedEnvelope, Inc., +1-415-512-6193; or investors, Jordan Goldstein
of Financial Dynamics, +1-415-439-4500, for RedEnvelope, Inc. Web
site: http://www.redenvelope.com/
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