newsalert.com
Ajay Sports Names Ronald N. Silberstein As Chief Financial Officer And Chief Administrative Officer
DELAVAN, Wis., Aug. 5 /PRNewswire/ -- Ajay Sports, Inc. (OTC Bulletin Board: AJAY) announced that Ronald N. Silberstein has been named Chief Financial Officer of the Company. Mr. Silberstein will also assume the new position of Chief Administrative Officer, responsible for various administrative functions within the Company.
Mr. Silberstein is a Certified Public Accountant and was previously a partner in the CPA firm of Hirsch Silberstein & Subelsky, P.C. of Farmington Hills, Michigan, a firm that he co-founded in 1993. From 1988 to 1993, Mr. Silberstein was a partner with the CPA firm Freedman & Goldberg, P.C., also in Farmington Hills, Michigan. From 1979 to 1988, he was a staff accountant with various CPA firms in Southeast Michigan, including the Detroit office of Ernst & Young. He has a Bachelor of Business Administration degree from the University of Michigan in addition to his CPA certification.
Mr. Silberstein is a nationally known small business advisor and tax expert, and speaks on a number of topics of interest to small business owners. He is also an Online Community Leader and a staff member and co-host of a weekly "Tax Chat" on America Online, in addition to posting answers to questions on AOL's Business Know-How message boards.
"We are pleased to have a person of Ron Silberstein's caliber on the management team at Ajay Sports," stated Ajay chairman Thomas W. Itin. "Ron's firm has been the auditor to Ajay Sports since 1994, so there is no one we could have chosen who knows more about the Company than Ron, from both a financial and operating standpoint. His willingness to leave his thriving CPA practice for this position at Ajay is a vote of confidence that I am pleased to accept."
"Ron brings a number of important skills to Ajay," continued Mr. Itin. "In addition to his audit, tax and accounting experience for various clients throughout the United States and Canada, Ron has been involved in raising money through private placement investment syndications, working closely with professional advisors in this corporate finance capacity. His broad experience also includes work for a number of public companies, so he is very familiar with Securities and Exchange Commission rules under which Ajay operates. Ron will be involved with all the Ajay companies, including Pro Golf Online, Ajay's online company that will sell golf products and related golf services to customers over the Web. He will play a key role in the financing and business planning in this important part of Ajay's future."
Ajay Sports, Inc. manufactures and markets leisure living products, including golf products sold under the Gary Player(TM), Palm Springs Golf(TM), Ajay(TM) and Spalding(TM), Dilbert(TM), and NFL(TM) brand names, as well as its proprietary line of In-Motion(TM) casual living furniture. Its Pro Golf International subsidiary is the franchisor of Pro Golf(R) Discount off-course retail golf shops, selling the leading brands of golf equipment and apparel through franchise stores throughout the United States, Canada and the Philippines. The company also sells products direct to consumers through its Internet websites, www.progolf-discount.com and www.leisurelifeinc.com .
Forward-looking statements in this news release, if any, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements, including the impact of changing economic or business conditions, the success of its efforts at franchising and Internet commerce, the impact of competition, the availability of financing, the success of products in the marketplace, other factors inherent in the industry and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
SOURCE Ajay Sports, Inc.
/CONTACT: Thomas W. Itin, CEO of Ajay, 248-851-5651 |
