OT. but this is what WIND Should do...Hanover Direct Retains Porter, Levay & Rose as Investment Relations Partner
Business Wire - October 28, 1999 06:20
WEEHAWKEN, N.J.--(BUSINESS WIRE)--Oct. 28, 1999--Hanover Direct, Inc. (AMEX: HNV), the branded catalog and Internet retailer and e-commerce fulfillment service provider, announced today that it has retained Porter, LeVay & Rose, Inc. as its investor relations partner. Porter, LeVay & Rose is a 29-year-old, New York City-based firm that provides a full range of investor relations services to a wide variety of publicly held companies and financial institutions in the United States and abroad.
"We are pleased to welcome Porter, LeVay & Rose to our business," said Rakesh K. Kaul, President and Chief Executive Officer of Hanover Direct, Inc. "Today's appointment signals yet another milestone in the strategic repositioning and transformation of Hanover Direct into a premier e-commerce branded merchandise marketer and fulfillment services provider. Our underlying value and future growth opportunities demand an increased professional focus to inform existing and potential shareholders about our wealth creation opportunities."
Brian C. Harriss, Senior Vice President and Chief Financial Officer of Hanover Direct, Inc. said, "We are pleased that Porter, LeVay & Rose will be helping us educate and inform the financial community about the success of our Internet and Web services initiatives and our ongoing strategy to transform Hanover Direct into the premier, global multimedia marketer of specialty merchandise brands and provider of consumer intimate e-commerce services. Our relationship with Michael Porter and his team directly addresses suggestions from existing shareholders and the investment community asking Hanover Direct to provide greater clarity and focus against our value creation initiatives."
Michael J. Porter, President of Porter, LeVay & Rose, said, "We are pleased to add Hanover Direct to our roster of growth companies, and we look forward to educating and informing the financial community about the Company's exciting family of merchandising and e-commerce fulfillment businesses. Our goal is to help Hanover Direct achieve higher visibility with investors, financial institutions and increase shareholder value."
"Strategically," concluded Mr. Kaul, "the appointment of Porter, LeVay & Rose provides us a critical incremental strategic resource to complement our relationship with AGG International and develop a focused dialogue with investors in addition to our ongoing public relations program. Brian Harriss and I will personally partner with Michael Porter and his expert team to improve our contact initiatives within the investment community."
Mike Porter will represent Porter, LeVay & Rose during Hanover Direct's conference call scheduled for Tuesday, November 9, 1999 at 10:00 a.m. to announce results for the third quarter and year-to-date and progress against the Company's strategic initiatives in e-commerce.
Press inquiries should continue to be directed to Paula Zwerdling at AGG International Public Relations; Investor relations inquiries should be directed to Brian Harriss, SVP & Chief Financial Officer of Hanover Direct, Inc.
Hanover Direct, Inc. (AMEX: HNV), and its business units, provide quality, branded merchandise through a portfolio of catalogs and e-commerce platforms to consumers, as well as a comprehensive range of Internet, e-commerce, and fulfillment services to businesses. The Hanover Brands division is comprised of the Company's catalog and e-commerce web site portfolio of home fashions, apparel and gift brands, including Domestications, The Company Store, Turiya, Colonial Garden Kitchens, Kitchen & Home, Improvements, The Safety Zone, Silhouettes, International Male, Undergear, Gump's By Mail, and Encore. The Company also owns Gump's, a retail store based in San Francisco. Each brand can be accessed on the Internet individually by name. The web services division is comprised of the Company's Internet marketing services group, systems platform, fulfillment and telemarketing and third party fulfillment service vendor, Keystone Internet Services, Inc. (www.keystoneinternet.com). Information on Hanover Direct, including each of its divisions, can be accessed on the Internet at www.hanoverdirect.com.
CONTACT: Hanover Direct, Inc.
Brian C. Harriss
SVP & Chief Financial Officer
201/272-3224
or
AGG International, Public Relations
Paula Zwerdling
Managing Director
212/869-8230 / paula@aggintl.com
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