SMD .64 Tony Handal Named CEO of The Singing Machine Company
Jun 27, 2007 7:30:00 AM
Copyright Business Wire 2007
COCONUT CREEK, Fla.--(BUSINESS WIRE)--
The Singing Machine Company, Inc. (AMEX:SMD) today announced the appointment of Anton "Tony" Handal as the Chief Executive Officer of the Company. Former interim CEO and current Chief Financial Officer Danny Zheng will remain as the CFO of the Company.
"Tony Handal has, for many years, been a close and trusted advisor to Starlight International Holdings Ltd., our majority shareholder, as well as to other Asian manufacturers of consumer electronics products. He was instrumental in Starlight's acquisition of its stake in The Singing Machine and has significant merger and acquisition experience. An expert in product licensing, Tony also brings outstanding experience and contacts in consumer electronics distribution to his new role at The Singing Machine. He has counseled major U.S. consumer electronics retailers on a variety of issues affecting our business. We expect Tony's depth of directly relevant experience and his extensive network of industry contacts to be invaluable in the successful implementation of the Company's strategic expansion plan," said Carol Lau, Chairman.
"We also want to thank Danny Zheng for his outstanding performance as both Interim CEO and CFO during the past few months. We are confident that Danny and Tony will make an excellent team and provide strong, aggressive leadership for The Singing Machine," the Chairman added.
Mr. Handal, 52 years old, is a principal of Handal & Associates, which specializes in corporate and securities law, mergers and acquisitions, and regulatory affairs. He founded Handal & Associates in 1983.
About The Singing Machine
Incorporated in 1982, The Singing Machine Company develops and distributes a full line of consumer-oriented karaoke machines and music as well as other electronic products under The Singing Machine(TM), Motown(TM), MTV(TM), Nickelodeon(TM), Hi-5(TM), Bratz(TM) and other brand names. The first to provide karaoke systems for home entertainment in the United States, The Singing Machine sells its products in North America, Europe and Asia.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors. In addition, you should review our risk factors in our SEC filings which are incorporated herein by reference. Such forward-looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
Source: The Singing Machine Company, Inc.
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The Singing Machine Company
Inc.
Danny Zheng
CFO
954-596-1000
www.SingingMachine.com
or
Investor Contact:
Berkman Associates
Neil Berkman
310-826-5051
info@BerkmanAssociates.com
