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Snap `N' Sold Announces the Appointment of New Chairman And President
Aug 1, 2005 9:32:00 AM
Copyright Business Wire 2005
PLANTATION, Fla.--(BUSINESS WIRE)--Aug. 1, 2005--
Snap `N' Sold, Inc. (Pink Sheets:SNPD) announced today that its Board of Directors has unanimously approved the appointment of George J. Grady Jr. as the company's Chairman and John DeLisa Jr. as the Company's President. In addition, Jamie DeSane, acting CEO, will step down from his position and retain a seat on the Board of Directors. The Company plans to announce the appointment of a new CEO in the near future.
Departing CEO, Jamie DeSane commented, "We are very fortunate to have Jim and John coming on board to run the company. Part of building a world class business, arguably the most important part, is bringing in the very best people you can at every position. We believe that we have accomplished that goal." He continued, "I will continue in my capacity as a member of the Board of Directors, helping the Company achieve the kind of growth we know we can deliver and the shareholders expect."
Incoming Chairman, George J. Grady Jr, remarked, "John and I are truly honored to have been selected to take on these roles and are fully committed to building this business into an industry leader. The growth potential for what Snap `N' Sold already has in place is staggering, not withstanding the developments we currently have taking place. We look forward to being able to address the current and potential shareholders during the investor conference call, which will be announced shortly."
Grady, age 61, has over 35 years of experience managing and growing large retail operations. At Merchants Tire, he was instrumental in growing the company from 48 locations to 130 locations in 5 states over six years. At Don Olson Tire, Mr. Grady's roles culminated with him as the company's President as he helped grow that business from 30 locations to over 3500 locations nationwide known now as Tires Plus. Mr Grady holds a BS in Economics from St. Peters College.
DeLisa, age 42, is the co-founder of EZ Auctions & Shipping. As an entrepreneur, Mr. DeLisa has started, run and then sold several businesses over the past 15 years, most recently a large retail sports memorabilia Store in Staten Island, New York. He has been actively involved in the eBay auction business for the past 8 years.
About Snap `N' Sold Corp.
Snap `N' Sold Corporation is engaged in the eBay (NASDAQ:EBAY) drop store industry. The Company has the following competitors: Las Vegas based Net2Auction Inc. (Pink Sheets:NAUC) and Dallas based Orbit Drop, Inc. (Pink Sheets:OBDP) and Auction Mills Incorporated (Pink Sheets:AUML). Snap `N' Sold is managing its growth through the acquisition of community-centered retail "thrift stores" and "Pack & Ship stores that will continue operating in that business while also acting as local eBay drop store "consignment centers" and corporate and estate asset disposition offices. For information on how your store can be part of our growing network please call Jim Grady at 727-724-EBAY (3229)
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Raptor Investments, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: Snap `N' Sold, Inc.
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For Snap `N' Sold Corp.
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