Pyramid Breweries Announces Appointment of Board Member.SEATTLE -- Pyramid Breweries Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PMID PMID PubMed-Indexed for MEDLINE PMID Portable Multispectral Imaging Device PMID Process Management Improvement & Deployment PMID Physical Media Id PMID Performance Metric Identifier ) ("Pyramid" or the "Company"), today announced the appointment of David Rostov to its Board of Directors and Audit Committee effective February 7, 2007. Mr. Rostov is a seasoned financial professional, with significant experience in the public company sector. Mr. Rostov served as the Chief Financial Officer of InfoSpace, Inc. between 2003 and 2006. Prior to that, he was the Chief Financial Officer of Apex Learning Apex Learning, Inc. is a privately-held provider of e-Learning solutions for K-12 education, offering online courses in mathematics, science, English studies, social studies, Romance languages, and Advanced Placement. Inc., and previously served as the Chief Financial Officer of drugstore.com, inc. and Nextel International, Inc. Mr. Rostov received his Bachelor's Degree in Economics from Oberlin College, and his Master's Degree in Business Administration and Master's Degree in Public Policy from the University of Chicago. As a result of Mr. Rostov's appointment to Pyramid's Board and Audit Committee, the Company received a letter from Nasdaq confirming that the Company is now in full compliance with Nasdaq Rule 4350(d)(2)(A). Pyramid had previously received a deficiency letter Deficiency letter Notification from the SEC to a prospective issuer of securities that revisions or additions need to be made to the preliminary prospectus. deficiency letter from Nasdaq advising that, as a result of Scott Barnum's appointment as Chief Executive Officer and President, and his related resignation from the Audit Committee, Pyramid was not in compliance with the audit committee composition requirements of Nasdaq's Marketplace Rule 4350 which requires a listed issuer to have a least three independent members on its audit committee. About Pyramid Breweries Inc. Pyramid Breweries Inc. is a leading brewer of specialty, full-flavored beers produced under the Pyramid and MacTarnahan's brand names. Pyramid's family of unfiltered Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. Remove this template after wikifying. This article has been tagged since wheat beers continue to be honored by beer drinkers and judges, earning the most craft beer medals in the last decade at the prestigious Great American Beer Festival The Great American Beer Festival (GABF) is a three-day annual event hosted by the Brewers Association held at the end of September or the beginning of October in Denver, Colorado. (GABF GABF Great American Beer Festival GABF Greater Akron Baseball Federation ). Since its beginning, Pyramid beers have received a total of 33 medals at the GABF. The brewery has also received a total of 9 medals in international competition at the World Beer Cup. The Company owns two alehouse restaurants adjacent to its full-production breweries under the Pyramid Alehouse and MacTarnahan Taproom brand names in Berkeley, California, and Portland, Oregon, respectively, and three alehouse restaurants in Walnut Creek and Sacramento, California, and Seattle, Washington. More information about Pyramid Breweries is available at www.pyramidbrew.com. |
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