iMedia Brands Announces 2022 Capital Markets Day Monday, February 7, 2022
January 10 2022 - 06:00AM
iMedia Brands, Inc. (“iMedia”) (NASDAQ: IMBI) will hold a Capital
Markets Day for its investor community at its corporate
headquarters in Eden Prairie, MN on Monday, February 7, 2022. The
event is scheduled from 10:00 a.m. to 2:00 p.m. Central time.
Presentations will be given by CEO Tim Peterman
and members of the company’s senior leadership team. Shaquille
O’Neal, an iMedia investor and ShopHQ on-air personality, will host
lunch at this event.
“2021 was a transformational year for iMedia,”
said Tim Peterman, CEO. “We believe the timing is right to now
engage in a deeper discussion with investors to explain why.
Explain why data is at the center of our growth strategy. Why our
retail media advertising platform will optimize the first party
shopping data generated in our entertainment networks and consumer
brands. Why we believe our 2022 revenue growth will be 20 plus
percent, with positive EPS beginning in the back half of 2022. And,
equally important, I will disclose our three-year revenue and
profitability targets for our businesses today and why we believe
we are on track to achieve each of them.”
For an early look at the Company’s growth
strategy, please see the full-motion graphic located on the home
page of imediabrands.com.
Attendance is by invitation only. For more
information, please email iMedia’s Investor Relations contact noted
below.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
This document contains certain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Any statements contained herein that are not
statements of historical fact, including statements regarding the
Company’s expected growth strategy, the Company’s 2022 revenue
growth and earnings pers share and the Company’s three-year revenue
and profitability targets and its ability to achieve them are
forward-looking. The Company often use words such as anticipates,
believes, estimates, expects, intends, seeks, predicts, hopes,
should, plans, will and similar expressions to identify
forward-looking statements. These statements are based on
management's current expectations and accordingly are subject to
uncertainty and changes in circumstances. Actual results may vary
materially from the expectations contained herein due to various
important factors, including (but not limited to): variability in
consumer preferences, shopping behaviors, spending and debt levels;
the general economic and credit environment, including COVID-19;
interest rates; seasonal variations in consumer purchasing
activities; the ability to achieve the most effective product
category mixes to maximize sales and margin objectives; competitive
pressures on sales and sales promotions; pricing and gross sales
margins; the level of cable and satellite distribution for the
Company’s programming and the associated fees or estimated cost
savings from contract renegotiations; the Company’s ability to
establish and maintain acceptable commercial terms with third-party
vendors and other third parties with whom the Company has
contractual relationships, and to successfully manage key vendor
and shipping relationships and develop key partnerships and
proprietary and exclusive brands; the ability to manage operating
expenses successfully and the Company’s working capital levels; the
ability to remain compliant with the Company’s credit facilities
covenants; customer acceptance of the Company’s branding strategy
and its repositioning as a video commerce Company; the ability to
respond to changes in consumer shopping patterns and preferences,
and changes in technology and consumer viewing patterns; changes to
the Company’s management and information systems infrastructure;
challenges to the Company’s data and information security; changes
in governmental or regulatory requirements; including without
limitation, regulations of the Federal Communications Commission
and Federal Trade Commission, and adverse outcomes from regulatory
proceedings; litigation or governmental proceedings affecting the
Company’s operations; significant events (including disasters,
weather events or events attracting significant television
coverage) that either cause an interruption of television coverage
or that divert viewership from its programming; disruptions in the
Company’s distribution of its network broadcast to customers; the
Company’s ability to protect its intellectual property rights; the
Company’s ability to obtain and retain key executives and
employees; the Company’s ability to manage international
operations; the Company’s ability to integrate acquisitions; the
Company’s ability to attract new customers and retain existing
customers; changes in shipping costs; expenses related to the
actions of activist or hostile shareholders; the Company’s ability
to offer new or innovative products and customer acceptance of the
same; changes in customer viewing habits of television programming;
and the risks identified under Item 1A(Risk Factors) in the
Company’s most recently filed Form 10-K and any additional
risk factors identified in its periodic reports since the date of
such Form 10-K. More detailed information about those factors
is set forth in the Company’s filings with the Securities and
Exchange Commission, including its annual report on Form 10-K,
quarterly reports on Form 10-Q, and current reports on
Form 8-K. Investors are cautioned not to place undue reliance
on forward-looking statements, which speak only as of the date of
this announcement. The Company is under no obligation (and
expressly disclaim any such obligation) to update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
About iMedia Brands, Inc.iMedia
Brands, Inc. (NASDAQ: IMBI) is a leading interactive media company
capitalizing on the convergence of entertainment, ecommerce, and
advertising. The company owns and operates a growing, global
portfolio of entertainment, consumer brands and media commerce
services businesses that together cross promote and exchange data
to optimize the consumer engagement experiences the company creates
for advertisers.
Contacts:
Investors:Ken
Cooperkcooper@imediabrands.com(952) 943-6119
Media:press@imediabrands.com
(800) 938-9707
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