ICTV Brands, Inc. Appoints Douglas Crouthers as President
June 26 2018 - 9:00PM
ICTV Brands, Inc. (OTCQX: ICTV), (CSE: ITV), a digitally focused,
direct response marketing and branding company specializing in the
health, wellness and beauty sector, today announced the appointment
of Douglas Michael Crouthers as interim President pending Board
approval to make his position permanent. With a degree in Business
Administration and Marketing from Cal State, Mr. Crouthers has over
20 years experience in the DRTV, D2C and D2R industry, holding
senior positions with some of the industry’s leading and founding
companies, such as Tony Hoffman Productions/Wellquest/Emson/Irwin
Naturals/Monarch Media & Applied Perceptions. Douglas joined
ICTV Brands in 2014 as Vice President of Sales and has overseen
sales expansion of the company’s two core brands,
no!no!
®Hair and DermaWand
® not
only into US retail and multiple live home shopping outlets, but
also into over 68 countries throughout the world. As interim
President Mr. Crouthers will work directly with the CEO in
formulating strategic growth plans to cement ICTV’s position as a
profitable, leading world supplier of specialized in-home beauty
devices and accompanying consumables.
ICTV Brands' Chief Executive Officer, Kelvin Claney stated,
"Having worked extremely closely with Doug over the last four
years, I have seen first hand the tremendous leadership abilities
Doug possesses. His wonderful personality, incredible work ethic,
relentless persistence and unwavering passion for ICTV and its
brands, coupled with excellent people skills and negotiating
expertise, will leave an indelible, positive stamp on ICTV’s
future. I couldn't be happier to endorse Doug as President and have
recommended him to the Board as my ultimate replacement as CEO. The
prosperous and profitable future for ICTV, its brands, its
dedicated worldwide staff and its stockholders is right before us
and Doug is the perfect person to lead us there. "
ICTV Brands, Inc. ICTV Brands, Inc. sells
primarily health, beauty and wellness products as well as various
consumer products through a multi-channel distribution strategy.
ICTV utilizes a distinctive marketing strategy and multi-channel
distribution model to develop, market and sell products through,
including direct response television, or DRTV, digital marketing
campaigns, live home shopping, traditional retail and e-commerce
market places, and our international third party distributor
network. Its products are sold in the North America and are
available in over 65 countries. Its products include DermaWand, a
skin care device that reduces the appearance of fine lines and
wrinkles, and helps improve skin tone and texture, DermaVital, a
professional quality skin care line that effects superior
hydration, the CoralActives brand of acne treatment and skin
cleansing products, and Derma Brilliance, a sonic exfoliation skin
care system which helps reduce visible signs of aging, Jidue, a
facial massager device which helps alleviate stress, and Good
Planet Super Solution, a multi-use cleaning agent. On January 23,
2017, we acquired several new brands, through the PhotoMedex and
Ermis Labs acquisitions and have begun (or, will shortly begin)
marketing and selling the following new products; no!no! ® Hair, a
home use hair removal device; no!no!® Skin, a home use device that
uses light and heat to calm inflammation and kill bacteria in pores
to treat acne; no!no! ® Face Trainer, a home use mask that supports
a series of facial exercises; no!no!® Glow, a home use device that
uses light and heat energy to treat skin; Made Ya Look, a heated
eyelash curler; no!no! ® Smooth Skin Care, an array of skin care
products developed to work with the devices to improve the treated
skin; Kyrobak, a home use device for the treatment of non-specific
lower back pain; ClearTouch ®, a home use device for the safe and
efficient treatment of nail fungus; and Ermis Labs acne treatment
cleansing bars. ICTV Brands, Inc. was founded in 1998 and is
headquartered in Wayne, Pennsylvania. For more information on our
current initiatives, please visit www.ictvbrands.com.
Forward-Looking Statements This press release
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended (the "Exchange
Act") (which Sections were adopted as part of the Private
Securities Litigation Reform Act of 1995). Statements preceded by,
followed by, or that otherwise include the words "believe,"
"anticipate," "estimate," "expect," "intend," "plan," "project,"
"prospects," "outlook," and similar words or expressions, or future
or conditional verbs such as "will," "should," "would," "may," and
"could" are generally forward-looking in nature and not historical
facts. Among these forward-looking statements are statements
regarding the closing of additional amounts under the common stock
private placement, the ability of ICTV Brands to successfully
integrate the acquisitions and become a major player in the
worldwide marketplace for health and beauty products, and any other
statements regarding ICTV's plans or objectives with respect to the
acquisitions. Although ICTV believes that the expectations
reflected in such forward-looking statements are reasonable, these
statements involve risks and uncertainties that may cause actual
future activities and results to be materially different from those
suggested or described in this news release. These include risks
that may affect the ability of ICTV to successfully raise
additional amounts under the common stock financing, and the
ability of ICTV to realize the anticipated benefits from the
acquisition. For additional risks and uncertainties that could
impact ICTV's forward-looking statements, please see ICTV's Annual
Report on Form 10-K for the year ended December 31, 2015, including
but not limited to the discussion under "Risk Factors" therein,
which ICTV has filed with the SEC and similar disclosure, if any,
contained in Quarterly Reports filed by ICTV on Form 10-Q after the
filing of such Annual Report on Form 10-K, which may be viewed at
http://www.sec.gov. ICTV disclaims any intention to, and undertakes
no obligation to, revise any forward-looking statements, whether as
a result of new information, a future event, or otherwise.
Contact Information
Kelvin Claney
claney@ictvbrands.com
484-598-2313
Ernest P. Kollias Jr
Kollias@ictvbrands.com
484-598-2300 ext. 318
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