The Singing Machine Company Names Robert J. Weinberg to Its Board of Directors.Business Editors COCONUT CREEK, Fla.--(BUSINESS WIRE)--March 9, 2001 The Singing Machine Company (AMEX AMEX See: American Stock Exchange :SMD (1) (Storage Module Device) A high-performance hard disk interface used with minis and mainframes that transfers data in the 1-4 MBytes/sec range (SMD-E provides highest rate). See hard disk. ), a leading manufacturer and distributor of electronic karaoke equipment and related audio software, announced today that Robert J. Weinberg has been named to its Board of Directors. "With his many years of directly relevant industry experience as a senior executive with Toys "R" Us Toys "R" Us (currently typeset as ToYsЯuS in the logo) is a toy store chain based in the United States, Canada, Australia,The Netherlands, South Africa, Hong Kong and the United Kingdom. , Robert Weinberg brings an in-depth knowledge of our products and our customers to his new role on our Board. We expect Singing Machine to benefit significantly from his wise advice and counsel," said President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. John Klecha. Weinberg, 52 years old, is founder and president of RJW & Associates, a marketing consulting firm based in Saddle River, New Jersey
Saddle River is a Borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 3,201. . Previously, he served in various positions of increasing responsibility with Toys "R" Us, rising through the ranks from buyer trainee in 1971 to Senior Vice President - General Merchandise Manager in 1997. In this latter position he was responsible for purchasing, advertising/marketing, imports, product development, store planning and allocations. Weinberg's appointment increases Singing Machine's Board to five members, including three outside directors. About The Singing Machine Company The Singing Machine Company Inc. engages in the production and distribution of a full line of consumer-oriented karaoke machines, including CD+Graphics machines, as well as CD+G (CD+Graphics) An audio CD format that allows images to be stored in six of the eight subcode channels of the CD (P through W). Also known as the "R-W subchannels," because R, S, T, U, V and W are used, each of which can hold 4MB. and audio karaoke music. Safe Harbor Statements under 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. This press release contains forward-looking statements. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions and other risks identified in the Company's filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, should one or more of these risks or uncertainties materialize, or should underlying assumptions provide incorrect, actual future results or events may vary materially from those described herein. |
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