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Design Within Reach Appoints John Hellmann Chief Financial Officer.


SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  -- Design Within Reach, Inc. (Nasdaq:DWRI DWRI Developmental Writing (college course) ) today announced the appointment of John Hellmann as Chief Financial Officer of the Company, effective September 5, 2006. Mr. Hellmann brings nearly 30 years of senior corporate finance and consumer sector experience to Design Within Reach, having served as Chief Financial Officer of several public companies, including Shoe Pavilion Shoe Pavilion is an off-price footwear retailer based in Sherman Oaks, CA. It operates 108 stores throughout the Western and Southwestern areas of the United States. History
The company was founded in 1979 and is based in Sherman Oaks, California.
, Inc., The Lamaur Corporation, and Inmar Corporation, formerly Topps & Trowsers. His extensive experience includes managing corporate reorganizations, obtaining working capital lines of credit, preparing and reviewing SEC filings, handling investor relations Investor relations

The process by which the corporation communicates with its investors.
 and managing cash flows and budgets.

"We are excited and fortunate to have John join the executive management team at Design Within Reach," said Ray Brunner, President and Chief Executive Officer. "He brings a wealth of finance, accounting, control, inventory management and budgeting experience that will provide immeasurable leadership as we continue our turnaround plan. I am confident that John will play a significant role in shaping the next phase at DWR DWR Design Within Reach
DWR Department of Water Resources
DWR Direct Web Remoting (Easy Ajax for Java)
DWR Durable Water Repellency
DWR Delayed Word Recall (medical testing)
DWR Driving While Revoked
 and returning the Company to profitability."

Prior to joining Design Within Reach, Mr. Hellmann served as Vice President and Chief Financial Officer of Birkenstock Distribution USA, Inc., the exclusive distributor in 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.  of Birkenstock sandals. From 2000-2005, he was Vice President and Chief Financial Officer of Shoe Pavilion, Inc., a 90-store discount footwear and accessories retailer with annual revenue of $100 million. In this capacity, Mr. Hellmann was responsible for all finance and accounting functions, SEC reporting, investor relations, information technology and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . Previously, Mr. Hellmann was Vice President and Chief Financial Officer of The Lamaur Corporation, a publicly traded manufacturer of personal hair care products; Director of Finance at Liberty Electronics, Inc., a manufacturer of computer terminals; and in progressive financial management roles at Inmar Corporation, formerly Topps & Trowsers, a national retail apparel chain. Mr. Hellmann holds a B.S. degree in Accounting, with a minor in Business and Finance, from Mount St. Mary's Mount St. Mary's may refer many institutions.

Mount St. Mary's College may be:
  • Mount St. Mary's College, a private, independent, post-secondary, Roman Catholic liberal arts college, primarily for women, in Los Angeles
 College in Emmitsburg, Maryland Emmitsburg was founded in 1785 and is in Frederick County, Maryland, just south of the Mason-Dixon line separating Maryland from Pennsylvania.

Emmitsburg was the site the Union had originally fortified to stop the Confederate invasion of the north in June of 1863.
.

About Design Within Reach, Inc.

Design Within Reach, Inc., founded in 1998 and headquartered in San Francisco, is an integrated multi-channel provider of distinctive modern design furnishings and accessories. The Company markets and sells its products to both residential and commercial customers nationwide through the DWR catalog, studios, website and direct sales force, and a single common "in stock and ready to ship" inventory.

"Design Within Reach" is a registered trademark of Design Within Reach, Inc.

This press release includes forward-looking statements, including statements related to anticipated revenues, expenses, earnings, operating cash flows Operating cash flow

Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements.
, the outlook for Design Within Reach's markets and the demand for its products. Factors that could cause Design Within Reach's actual results to differ materially from these forward-looking statements including the following: if we are unable to continue to increase our net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
 while reducing our promotional discounts, our profitability may be impaired; if we fail to offer merchandise that our customers find attractive, the demand for our products may be limited; we do not have long-term vendor contracts and as a result we may not have continued or exclusive access to products that we sell; our business depends, in part, on factors affecting consumer spending that are not within our control; our business will be harmed if we are unable to implement our growth strategy successfully; the expansion of our studio operations could result in increased expenses with no guarantee of increased earnings; if we do not manage our inventory levels successfully, our operating results will be adversely affected; we depend on domestic and foreign vendors, some of which are our competitors, for timely and effective sourcing of our merchandise; declines in the value of the U.S. dollar relative to foreign currencies could adversely affect our operating results; and we face intense competition and if we are unable to compete effectively, we may not be able to maintain profitability. Please refer to our reports and filings with the Securities and Exchange Commission, including our latest Quarterly Report on Form 10-Q Form 10-Q

See 10-Q.
 for the first quarter of fiscal year 2006, for a further discussion of these risks and uncertainties. We also caution you not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Design Within Reach Appoints John Hellmann Chief Financial Officer.
Publication:Business Wire
Geographic Code:1USA
Date:Jul 31, 2006
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