Acclaim Entertainment Appoints Gerard F. Agoglia Chief Financial Officer.Business Editors GLEN COVE Glen Cove, city (1990 pop. 24,149), Nassau co., SE N.Y., on the north shore of Long Island, at the entrance to Hempstead Harbor; settled 1668, inc. as a city 1918. , N.Y.--(BUSINESS WIRE)--Aug. 15, 2000 Acclaim Entertainment, Inc. (Nasdaq: AKLM AKLM Acclaim Entertainment, Inc. (stock symbol) ), a developer, publisher and mass marketer of interactive entertainment, today announced the appointment of Gerard F. Agoglia as the Company's Chief Financial Officer. Mr. Agoglia will be responsible for the financial management of the Company, including financial strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. . He will report to Gregory Fischbach Gregory Fischbach (known to many as Greg Fischbach) founded video game publisher Acclaim Entertainment, Inc. in 1987 and was its CEO until its bankruptcy in 2004. Mr. Fischbach addressed the United States Senate regarding Internet privacy and ESRB ratings. and Jim Scoroposki, Co-Chairmen of Acclaim Entertainment. Mr. Agoglia brings to Acclaim over 20 years of corporate financial management experience in the apparel and accessories industries. His background includes securing public and private financing, overseeing mergers and acquisitions and implementing cost-management initiatives. "We are pleased to welcome Mr. Agoglia to Acclaim," said Gregory Fischbach, Chief Executive Officer of Acclaim Entertainment. "Gerry's broad experience and financial expertise will be invaluable to Acclaim as we position ourselves to meet the challenges that lie ahead during this industry-wide transition period. Gerry's credentials are highly impressive and we are confident that he will play a significant role in securing Acclaim's position as a leading interactive entertainment company." Prior to joining Acclaim, Mr. Agoglia worked for the Lantis Eyewear Corporation, an international eyewear designer and distributor, where he held the position of Senior Vice President, Chief Financial Officer. At Lantis, Mr. Agoglia was responsible for strategic initiatives, which included several successful acquisitions. Prior to that, Mr. Agoglia served as the Vice President, Corporate Controller for Calvin Klein Noun 1. Calvin Klein - United States fashion designer noted for understated fashions (born in 1942) Calvin Richard Klein, Klein , Inc., an international apparel and accessory designer, where he implemented strategic budgeting initiatives in addition to developing resource and financial planning systems. Earlier in his career, Mr. Agoglia was responsible for investor and shareholder relations, treasury operations, and forecasting and analysis at the menswear manufacturer Baxter International, Inc where he served as Chief Financial Officer and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Previously he held the position of Assistant Corporate Controller with Crystal Brands Inc. after their spin-off from General Mills, with responsibility for the management of acquisition accounting, SEC and managerial reporting. Mr. Agoglia started his career at Touche Ross & Co. in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . He earned his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in Finance at St. John's University in New York and his BA at Fairfield University in Fairfield, Connecticut. He is a member of the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). in New York and Connecticut. Acclaim Entertainment Background Information Acclaim Entertainment, Inc. is a worldwide developer, publisher and mass marketer of software for use with interactive entertainment platforms including Nintendo, Sony Computer Entertainment and Sega hardware systems, and PCs. Acclaim owns and operates five studios located in the United States and the United Kingdom, and publishes and distributes its software directly in North America, the United Kingdom, Germany, France, Spain and Australia. Acclaim also distributes entertainment software for other publishers worldwide, and publishes comic books and software strategy guides. Acclaim's headquarters are in Glen Cove, New York Glen Cove is a city in Nassau County, New York on the North Shore of Long Island. As of the United States 2000 Census, the city population was 26,622. Part of the early 20th century Gold Coast of the North Shore, Glen Cove has a diverse population. and trades on the NASDAQ SmallCap market under the symbol AKLM. For more information please visit our website at www.acclaim.com. |
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