Advanced Marketing Services Announces Resignation of Robert E. Robotti from Board of Directors.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Advanced Marketing Services, Inc. (Pink Sheets: MKTS MKTS Military Knowledge and Testing Standard ) (the "Company"), a leading provider of customized merchandising, wholesaling and contract distribution services, today announced that Robert E. Robotti has resigned as a director of the Company. Mr. Robotti, who was appointed as a director in November 2006, is a Managing Member of Ravenswood Management Company, L.L.C., the General Partner of Ravenswood Investment Company, L.P. In resigning as a director, Mr. Robotti stated that he disagreed with the Board's decision to proceed with the annual meeting of stockholders on January 24, 2007, as previously scheduled. Mr. Robotti expressed his concern that, given the advance notice requirements in the Company's bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an , the opportunity has passed for stockholders to nominate director candidates or to bring other business before the meeting. Mr. Robotti instead sought to postpone the annual meeting until a later date. Robert F. Bartlett, Chairman of the Board of Directors, stated: "The Company originally announced the January 24 meeting date back on October 3, 2006, and the Board has determined that it is in the best interests of the Company and its stockholders to proceed with the meeting as scheduled. We regret that Bob has decided to resign from the Board, but we respect his viewpoint, and we thank him for his contributions during his period of service." About Advanced Marketing Services, Inc. Headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , the Company is a leading provider of customized merchandising, wholesaling, distribution and publishing services, currently primarily to the book industry. The Company has operations in the U.S., Mexico, the United Kingdom and Australia and employs approximately 1,200 people worldwide. The Company provides a wide range of value-added services that provide its retailer customers with book buying advice, promotional support and expert supply chain management, to ensure the success of their book programs. The Company's proprietary Vendor Managed Inventory Vendor Managed Inventory (VMI) is a family of business models in which the buyer of a product provides certain information to a supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's (VMI VMI Virginia Military Institute VMI Vendor Managed Inventory VMI Vertical Motion Index VMI Valtakunnan Metsien Inventointi (Finnish: National Forest Inventory) VMI Video Module Interface ) software is a unique tool that allows its book specialists to manage efficiently and effectively the book distribution supply chain for the benefit of its membership warehouse club customers. Publishers Group Worldwide (PGW PGW Philadelphia Gas Works PGW Publishers Group West PGW Precision Guided Weapons PGW Payment Gateway PGW Pressure Gas Welding PGW Pesticides in Ground Water PGW Parallel Gap Welding PGW Propylene glycol/water PGW Project on Girls and Women ), an alliance of the Company's global contract distribution operations, provides independent publishers with exclusive full service English language sales and distribution services. |
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