Genius Products Retains Gary Lowe as Director of Sales.
SAN DIEGO--(BUSINESS WIRE)--May 16, 2003
Genius Products Inc. (OTCBB: GNPI) announced today that they have hired Gary Lowe as director of sales.
Gary comes to Genius with over 20 years in the music and video business. He specializes in sales and marketing, with extensive experience with key national accounts. His successful track record in creating and implementing effective marketing initiatives that enhance overall sales, market share and competitive position will be key to the future growth of Genius Products.
"We're very fortunate that Gary has agreed to join Genius Products," said Julie Ekelund, executive vice president of sales for Genius. "We have extremely aggressive growth plans for our company that Gary's industry experience will help us to achieve in a relatively short period of time. His sales and marketing expertise coupled with his operations background make him an ideal addition to our team."
Most recently, Gary held the position of national sales manager at Navarre Corp. Prior to that he was an account executive for Handleman Company and Ingram Merchandising Services.
At Navarre, Gary led sales activities, and established automated replenishment systems integral to the Vendor Managed Inventory program. He directed the account team credited with $43 million in annual sales. Gary also directed sales efforts for the largest divisional account, Sam's Club.
At Handleman, Gary accelerated sales growth by 20% to over $24 million annually. He also instituted a benchmarking system that significantly enhanced efficiency of product allocation, distribution and replenishment at over 180 store locations by analyzing historical sales data and trends.
At Ingram, Gary earned fast-track promotion to direct sales activities and served as the primary contact to Pamida Stores, while enhancing profitability for the company that was acquired by Handleman Company in 1995. During this period of time, Gary managed a 21-state territory that produced more than 70% of the company's revenue.
Gary Lowe stated, "Genius Products has earned an outstanding reputation for creating and licensing quality, innovative children's entertainment and edutainment products. This is an incredibly talented and accomplished team of professionals. I'm excited for the opportunity to join them as we work to increase market presence with our existing lines, and expand into new categories and channels that will enable us to evolve into a leading entertainment provider."
This press release contains certain forward-looking statements that involve a number of uncertainties. Such statements are made pursuant to the "safe-harbor" provision of the Private Securities Litigation Reform Act of 1995, established by securities legislation, and are based on the assumptions and exceptions of the company at the time such statements are made. Actual results could vary for many reasons, including but not limited to, the timely development and acceptance of new products and general market conditions. Other such risks and uncertainties include the company's distribution network, growth, and other matters, which are described in the company's filings with the SEC.
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|Date:||May 16, 2003|
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