Company Invites Investors to Review Updated Agency Presentation
LOS ANGELES--(BUSINESS WIRE)--Jun. 8, 2009--
EMAK Worldwide, Inc. (OTC: EMAK), a leading marketing services firm,
today announced that its Board of Directors appointed Donald Kurz to
serve as an independent Director, effective June 6, 2009, expanding the
Board to six members.
The new Board will be comprised of four independent members including
Kurz, Howard D. Bland, Jordan H. Rednor and Stephen P. Robeck, Chairman.
The Board also includes Jim Holbrook, EMAK’s CEO, and Jeffrey S.
Deutschman, Board member representing Crown Capital.
Kurz is a Managing Member and CEO for Artemis Capital Partners, LLC, an
investor in multi-strategy hedge funds, and is EMAK’s largest individual
common shareholder. Prior to forming Artemis in 2006, Kurz was President
and Owner of Insight Creative Solutions, Inc., a venture investor and
provider of general management consulting services. A former Chairman
and CEO of EMAK, Kurz originally joined the Company in 1990 as an
Executive Vice President and Director, and was Co-CEO at the time of
EMAK’s initial public offering in 1994. Kurz subsequently served as
Chairman and CEO from 1999 until his separation from the Company in the
spring of 2005, and he served as a Director until his resignation later
that year.
"We are pleased to welcome Don back to the Board,” commented Robeck.
“EMAK is on the path of returning to sustained growth and profitability,
and we look forward to drawing on Don’s experience as we continue to
build upon our strong foundation.”
Kurz added, “EMAK has a great tradition of creativity and client service
which provides a strong platform for future growth. I look forward to
working with the Board to maximize returns to all stakeholders.”
EMAK also announced that it has posted an updated presentation on its
website showcasing its agencies Equity Marketing, Logistix, Neighbor and
Upshot. The presentation highlights in-market promotions from each
agency, their individual go-to-market strategies and industry awards and
accolades. Interested parties can download the presentation at www.emak.com
by visiting the Investor Info section of the website under “Investor
Presentation.”
About EMAK Worldwide, Inc.
EMAK Worldwide, Inc. is the parent company of a family of marketing
services agencies including Equity Marketing, Logistix, Neighbor and
Upshot. Its agencies are experts in “consumer activation” by offering
strategy-based marketing programs that directly impact consumer
behavior. The agencies provide strategic planning and research, consumer
insight development, entertainment marketing, design and manufacturing
of custom promotional products, kids marketing, event marketing, shopper
marketing and environmental branding. The Company’s blue-chip clients
include Burger King Corporation, Kellogg, Kohl’s, Kraft, Macy’s, Procter
& Gamble and Safeway, among others. Headquartered in Los Angeles, EMAK
has offices in Chicago and Hong Kong. More information about EMAK
Worldwide is available on the Company’s website at www.emak.com.
Certain expectations and projections regarding the future performance
of EMAK Worldwide, Inc. discussed in this news release are
forward-looking and are made under the “safe harbor” provisions of the
Private Securities Litigation Reform Act of 1995. These
expectations and projections are based on currently available
competitive, financial and economic data along with the Company’s
operating plans and are subject to future events and uncertainties. Management
cautions the reader that the following factors, among others, could
cause the Company’s actual consolidated results of operations and
financial position in 2009 and thereafter to differ significantly from
those expressed in forward-looking statements: the Company’s
dependence on a single customer; the significant quarter-to-quarter
variability in the Company’s revenues and net income; the Company’s
dependence on the popularity of licensed entertainment properties and
the ability to license, develop and market new products; the Company’s
dependence on foreign manufacturers; the Company’s need for additional
working capital; the negative results of litigation, governmental
proceedings or environmental matters; and the potential negative impact
of past or future acquisitions. The Company undertakes no
obligation to publicly release the results of any revisions to
forward-looking statements, which may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The risks highlighted herein should not be assumed
to be the only items that could affect the future performance of the
Company.
Source: EMAK Worldwide, Inc.
EMAK Worldwide, Inc.:
Media and investor inquiries:
Michael
Sanders
SVP and Chief Financial Officer
(323) 932-4324