CORRECTING and REPLACING American Apparel, Inc. Announces David Danziger and Marvin Igelman Elected to Board of Directors - Igelman Appointment Effective Upon Future Board Vacancy
LOS ANGELES--(BUSINESS WIRE)--
Please note corrected spelling of Marvin Igelman (sted Marvin Ingelman)
throughout the release.
The corrected release reads:
AMERICAN APPAREL, INC. ANNOUNCES DAVID DANZIGER AND MARVIN
IGELMAN ELECTED TO BOARD OF DIRECTORS - IGELMAN APPOINTMENT EFFECTIVE
UPON FUTURE BOARD VACANCY
American Apparel, Inc. (NYSE Amex: APP), a vertically integrated
manufacturer, distributor, and retailer of branded fashion basic
apparel, announced today that its Board of Directors has elected David
Danziger and Marvin Igelman to the Board. Marvin Igelman's appointment
will become effective upon a future Board vacancy.
"At this pivotal and exciting time for our Company, we are fortunate to
have the substantial business acumen of Messrs. Danziger and Igelman,"
said Dov Charney, Chairman and CEO of the Company.
"David Danziger has a wealth of experience in the field of accounting
and finance and has over twenty-five years of experience serving both
public and private companies in numerous industries, including
manufacturing and retail," said Charney. "David brings a level of
accounting and financial expertise that will be a welcome addition to
In addition to his selection as a Director, Mr. Danziger will serve on
the Company's Audit and Enterprise Risk Management Committees. Danziger
is a Chartered Accountant and is a partner with MSCM LLP, Chartered
Accountants, a full service audit and accounting firm registered to
audit public companies both in Canada and the United States. He
currently serves as a member of the Board of Directors of Cadillac
Ventures (TSXV:CDC.V), Carpathian Gold (TSX:CPN), Eurotin Inc.
(TSXV:TIN.V) and Renforth Resources (CNSX:RFR).
"I am delighted to join the Board of Directors of American Apparel,"
said Mr. Danziger. "This is a strong brand with world-wide recognition
and respect. We have an exciting future and I am looking forward to a
long and prosperous professional relationship with the Company."
According to Charney: "Marv Igelman is an innovator in the
social, mobile, media and search technology areas. Marvin's insights
will be a valuable asset to us in these and other technology related
areas of our business."
Igelman was the founder and CEO of Unomobi Inc., a mobile advertising
and messaging platform that was acquired in February 2010 by Poynt
Corporation (TSXV:PYN), a provider of mobile local search. Igelman
served until June, 2011 as Poynt Corporation's Chief Strategy Officer
and Board member following Poynt's 2010 acquisition.
"I am excited about the growth prospects at American Apparel," said Mr.
Igelman. "The Company is moving forward with appropriate speed to
capitalize on the brand and grow its distribution channels through
organic measures and exploitation of its newer channels. I am happy to
add my expertise and support in these efforts."
About American Apparel
American Apparel is a vertically integrated manufacturer, distributor,
and retailer of branded fashion basic apparel based in downtown Los
Angeles, California. As of May 31, 2011, American Apparel had
approximately 10,000 employees and operated 254 retail stores in 20
countries, including the United States, Canada, Mexico, Brazil, the
United Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, the
Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan, South
Korea, and China. American Apparel also operates a leading wholesale
business that supplies high quality T-shirts and other casual wear to
distributors and screen printers. In addition to its retail stores and
wholesale operations, American Apparel operates an online retail
e-commerce website at http://www.americanapparel.com.
American Apparel, Inc.
Thomas Casey, Acting President
Source: American Apparel, Inc.
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