Sunday, May 06, 2007 4:36:52 AM
By: PR Newswire
Aug. 30, 2006 11:00 AM
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http://www.sys-con.com/read/266129.htm
LOS ANGELES, Aug. 30 /PRNewswire/ -- Riley Investment Management LLC announced that an agreement was reached with Integrated Silicon Solution, Inc. for Bryant R. Riley and Melvin L. Keating to join ISSI's board of directors. In addition, it is expected that three of the existing non-management directors will not seek re-election and a third Riley Investment Management nominee will be recommended to the ISSI Nominating Committee for election at ISSI's next annual meeting, anticipated for February, 2007.
Bryant Riley stated: "Mel and I look forward to working with ISSI to resolve current issues, improve operations and results, and return value to stockholders. We see this as a team effort to give the management team clear direction and focus on stockholder values."
In connection with this agreement, Riley Investment Management indicated it was withdrawing its previous call for a special stockholder meeting.
Riley Investment Management LLC
CONTACT: Bryant Riley, Managing Member of Riley Investment Management
LLC, +1-310-966-1445, br@rileyim.com
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