iParty Corp. Announces New Chief Financial Officer
March 26 2007 - 7:30AM
Business Wire
iParty Corp. (AMEX: IPT - news), a party goods retailer that
operates 50 iParty retail stores, today announced the appointment
of David E. Robertson to the position of Chief Financial Officer
effective April 2, 2007. Mr. Robertson, age 57, brings to iParty
over twenty years of experience in the financial management of
retail companies.�After starting his career in the audit division
of Ernst & Young, he worked in a variety of accounting, audit
and financial capacities at Zayre Corp., Lechmere Inc. and Kitchen,
Etc. Inc., where he served as Vice President and Chief Financial
Officer from 1999 to 2005. Since 2005, Mr. Robertson has been
employed as a private consultant primarily doing Sarbanes-Oxley
compliance testing and analysis of financial controls for both
public and private companies. Mr. Robertson is a CPA, a graduate of
Harvard College, and holds an MS in Professional Accountancy from
Northeastern University. The hiring of Mr. Robertson as iParty�s
new CFO reflects the fact that iParty�s current President and CFO,
Patrick Farrell, has informed the Company that personal, family
reasons will require him to relocate from the Boston area to New
York during 2007, as previously disclosed in a Form 8-K filing that
iParty made with the SEC on January 8, 2007. Mr. Robertson�s
appointment as iParty�s new CFO at this time is consistent with the
Company�s current employment agreement with Mr. Farrell and
reflects the desire of both Mr. Robertson and Mr. Farrell to assist
iParty in effecting a smooth transition. Accordingly, in connection
with the appointment of Mr. Robertson, Mr. Farrell has resigned
from his position as iParty�s CFO effective April 2, 2007, but will
continue to retain his position and title as President of iParty.
Mr. Farrell�s employment agreement with iParty will continue to
extend through November 15, 2007, as previously disclosed. The
Company also announced today that it has entered into new
three-year employment agreements with Sal Perisano, its Chief
Executive Officer, and Dorice Dionne, its Senior Vice President,
Merchandising & Marketing, effective April 1, 2007. About
iParty Corp. Headquartered in Dedham, Massachusetts, iParty Corp.
(AMEX: IPT - news) is a party goods retailer that operates 50
iParty retail stores and licenses the operation of an Internet site
for party goods and party planning at www.iparty.com. iParty�s aim
is to make throwing a successful event both stress-free and fun.
With over 20,000 party supplies and costumes and an online party
magazine and party-related content, iParty offers consumers a
sophisticated, yet fun and easy-to-use, resource with an extensive
assortment of products to customize any party, including birthday
bashes, Easter get-togethers, graduation parties, summer barbecues,
and, of course, Halloween. iParty aims to offer reliable,
time-tested knowledge of party-perfect trends, and superior
customer service to ensure convenient and comprehensive merchandise
selections for every occasion. Please visit our site at
www.iparty.com. Safe harbor statement under the Private Securities
Litigation Reform Act of 1995: This release contains
forward-looking statements that are based on our current
expectations, beliefs, and assumptions. The statements contained in
this release are not guarantees of future performance and involve
certain risks, uncertainties and assumptions that are difficult to
predict. Therefore, actual outcomes and results may differ
materially from what is expressed in such forward-looking
statements, and such statements should not be relied upon as
representing iParty�s expectations or beliefs as of any date
subsequent to the date of this press release. For a discussion of
these and other risks and uncertainties which could cause actual
results to differ from those contained in the forward-looking
statements, see Item 1A, �Risk Factors� of iParty�s most recently
filed Annual Report on Form 10-K for the fiscal year ended December
30, 2006.
Iparty (AMEX:IPT)
Historical Stock Chart
From Sep 2024 to Oct 2024
Iparty (AMEX:IPT)
Historical Stock Chart
From Oct 2023 to Oct 2024