Next Inc. Adds Joe Ferragina and Ross Litz to Management Team; Industry Veterans with 34 Years Combined Experience to Drive Company's Sales Initiatives.CHATTANOOGA, Tenn. -- Next Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NXTI) an emerging leader in the sportswear and promotional products industry, today announced it has added industry veterans Joe Ferragina and Ross Litz to its management team where they will direct and oversee the company's strategic sales growth. Ferragina and Litz commented, "After 7 years of working on behalf of Next, we are extremely excited and honored to play a more active role within the company." Joe Ferragina has been appointed Executive V.P. Sales and Marketing. Mr. Ferragina has over 23 years experience in the apparel industry having held ownership and senior management positions with a number of companies over his career. Past positions include, President and Owner of Dakota Sportswear and VP of Sales for W.E. Stephens manufacturing. In addition, between 1995 and 1997, he was responsible for managing $40 million in sales for Tee Jays Manufacturing. Most recently, Mr. Ferragina was managing partner for Ferra Sales & Marketing. Ferra Sales & Marketing was formed in 1995 as a sales and management company primarily representing apparel manufacturers to national retail chains. In November 1997, Ferra made the transition to represent Next, Inc. products to retail. Since that time, Joe has been instrumental in building business on behalf of Next, Inc. while acting as an independent outside sales representative. Ross Litz has been appointed Vice President of Sales and Merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. . Mr. Litz has 11 years experience in sales to national retail chains and has worked diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d with Joe as a partner in Ferra Sales & Marketing for the last 7 years. Before coming on board with Ferra Sales & Marketing, Ross managed $10 million in sales for W.E. Stephens Manufacturing. Throughout his career, he has been instrumental in opening new accounts and managing sales for national retail chains. Mr. Robert Budd, the Company's 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. stated, "I'm extremely pleased and excited to be welcoming Joe and Ross formally into the Next, Inc. team. For years, they have worked diligently on our behalf as independent representatives securing and growing some of our most valuable retail customers. They are consummate To carry into completion; to fulfill; to accomplish. A Common-Law Marriage is consummated when the parties live in a manner intended to bring about public recognition of their relationship as Husband and Wife. professionals, respected for their integrity and consistent ability to assist and advise major retailers on the profitable management of their own merchandising efforts. We firmly believe their new management role within the company has the potential to bolster This article is about the pillow called a bolster. For other meanings of the word "bolster", see bolster (disambiguation). A bolster (etymology: Middle English, derived from Old English, and before that the Germanic word bulgstraz and complement our sales efforts through the leveraging of their vast experience and knowledge." About Next Inc. http://www.nextinc.net Next, Inc. is a creative and innovative sales and marketing organization that designs, develops, markets, and distributes licensed and branded promotional products and imprinted im·print tr.v. im·print·ed, im·print·ing, im·prints 1. To produce (a mark or pattern) on a surface by pressure. 2. To produce a mark on (a surface) by pressure. 3. sportswear primarily through major college and university, motor sports and other major promotional key licensing agreements and the Company's own proprietary designs. Next is one of the dominant companies in the highly fragmented frag·ment n. 1. A small part broken off or detached. 2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript. 3. licensed promotional products and imprinted sportswear industries. The company has expanded its distribution to include e-commerce through which a significant amount of the Company's most popular licensed products is marketed. The most significant are, www.campustraditionsusa.com, www.rpmsportsusa.com, and www.americanbiker.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which contains a safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements. The Company relies on this safe harbor in making such disclosures. The statements are based on management's current beliefs and assumptions about expectations, estimates, strategies and projections. These statements are not guarantees of future performance or results and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements |
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