Andrew R. Reiser Joins DG Jewelry Board.Business Editors TORONTO--(BUSINESS WIRE)--Feb. 2, 2001 D.G. Jewelry Inc. (Nasdaq:DGJL), D. G. Jewelry Inc., one of North America's leading designers, manufacturers and distributors of stone-set jewelry, is pleased to announce the appointment of Andrew R. Reiser, of Donald & Co. Securities Inc., 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 NY to DG Jewelry's Board of Directors which became effective on January 25th, 2001. Mr. Reiser is currently Managing Director - Corporate Finance of Donald & Co. Securities Inc., New York NY, a full service investment bank and retail and institutional brokerage firm with regional offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Mr. Reiser's responsibilities with Donald & Co. include management of all aspects of corporate financing including initial public offerings, follow-on offerings Follow-On Offering An offering of additional shares after a company has had an initial public offering. Notes: This sometimes means the company is strapped for cash. So they need to issue more shares to pay bills or finance a new project. , private placements and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . Additional responsibilities include development of institutional clientele and contacts, coordination of syndications of offerings and arranging analyst coverage. As well, Mr. Reiser has provided advisory services such as merger and acquisition analysis, preparation of fairness opinions Fairness Opinion A report put together by qualified analysts or advisors providing to key decision makers an evaluation of and facts about a merger or acquisition. Notes: A fairness opinion serves as a document used for guidance in a merger, takeover, or acquisition. and valuations, and corporate development and 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. . In connection with his appointment, Andrew Reiser said: "I was attracted to DG Jewelry because of its ability to efficiently manufacture high quality jewelry, and, with its outstanding reputation developed over 30 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time Company markets its product to some of the most well-regarded retailers in the industry. The Value Vision relationship further demonstrates and augments the Company's standing in the jewelry industry. I am pleased to be joining the Board of DG Jewelry." Jack Berkovits, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented: "We are pleased that our company continues to attract and retain such talented individuals as this and are excited that Andrew will contribute to the Company's steady growth and competitive capabilities. Andrew's financial expertise and extensive network of contacts in the financial and investment communities will be of inestimable in·es·ti·ma·ble adj. 1. Impossible to estimate or compute: inestimable damage. See Synonyms at incalculable. 2. value to our collective efforts to grow our company and maximize value for our shareholders. His past experience of having served as an advisor to the Boards of Directors of seven NASDAQ public companies and three private companies is very advantageous to DG Jewelry. In addition, with Andrew's extensive financial expertise and experience, he is well-qualified to serve on the Company's audit committee, enabling DG Jewelry to comply with the current NASDAQ requirements for a majority of independent directors on this committee and a first step towards achieving compliance well in advance with the new NASDAQ requirement of an entirely independent audit committee membership by June 14, 2001." D. G. Jewelry Inc. is primarily engaged in the design, merchandising and distribution of stone-set jewelry for department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , mass merchants, catalog showrooms, television shopping networks and other high-volume retailers and other major discounters in the U. S., Canada and Europe. For more information, please visit us at www.dgjewelry.com. Except for the historical information contained herein, the matters discussed in this release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad, release and sales of new products, other risk factors detailed in the Company's most recent annual report and filings with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion