Largest Shareholder Joins Zomax Board of Directors
July 14 2006 - 4:01PM
PR Newswire (US)
Two Independent Board Members Added MINNEAPOLIS, MN, July 14, 2006
/PRNewswire-FirstCall/ -- Zomax Incorporated (NASDAQ:ZOMX),
announced today that it has appointed two new independent directors
to the Board, Basil P. Regan, president of Regan Fund Management,
and Peter H. Woodward, president of MHW Capital Management. The
addition of these two Directors expands the Board to a total of 8
members, 7 of whom are independent. Basil P. Regan, 65, has been
president of Regan Fund Management since he started the firm in
1989. The firm specializes in large equity investments in public
companies, with a particular emphasis on companies executing
turnaround strategies. According to recent public filings with the
SEC, Regan Fund Management's filing group owns approximately 10
percent of Zomax's total shares outstanding. "I am pleased to join
the Zomax Board of Directors," Mr. Regan said. "As a major
shareholder of the Company for the past 3 years, I am aware of the
challenges and opportunities Zomax faces today and I support the
strategy and initiatives the Board and management are pursuing to
maximize shareholder value. At the same time, I believe I can
provide additional input and insight on the future direction of the
Company." Peter H. Woodward, 33, is president of MHW Capital
Management, a shareholder of Zomax. Prior to founding MHW in 2005,
Mr. Woodward served as Managing Director of Regan Fund Management
since 1995. At Regan, he oversaw a variety of investments including
those in the supply chain and logistics services industries
including Zomax. Mr. Woodward commented, "During the past 5 years,
I have closely followed the supply chain and logistics services
industry and look forward to working with the Board and management
to successfully implement strategies to improve shareholder
returns." "Mr. Regan and Mr. Woodward bring valuable perspectives
to the Board," added Howard Liszt, chairman of Zomax. "As we seek
to enhance shareholder value, their experience and insight into our
industry, as well as unique viewpoint as major shareholders, will
complement the strengths of our existing Board." About Zomax Zomax
helps companies more efficiently bring their products and content
to market worldwide. Our comprehensive program management approach
helps companies develop, manage and improve their rapidly changing
product and program supply chains. Zomax's solutions leverage a
modular suite of supply chain services that include project
management, data management, customer contact and e-commerce
services, sourcing management, CD/DVD production, assembly and
kitting services, JIT physical and electronic fulfillment and
returns management. Founded in 1993, Zomax currently operates 8
facilities across the United States, Canada, Mexico and Ireland.
For more information on Zomax, visit http://www.zomax.com/ or call
(866) 553-9393. Forward-Looking Statements This release may contain
certain forward-looking statements about our business outlook and
our ability to improve operational performance and increase
shareholder value. These forward-looking statements, and all other
statements that do not concern historical facts, are subject to
risks and uncertainties that may materially affect projected
results. Please refer to disclosures we make on this subject in our
recent filings with the Securities and Exchange Commission,
especially on Forms 10-K and 10-Q, in which we discuss in more
detail the various important factors that could cause actual
results to differ materially from expected or historical results.
DATASOURCE: Zomax Incorporated CONTACT: Anthony Angelini, President
and CEO, +1-763-553-9300, or Dick Barnes, EVP and CFO,
+1-763-553-9300, both of Zomax Incorporated, or Investor-Media,
Douglas Sherk, CEO, +1-415-896-6820, or Jennifer Beugelmans, SVP,
+1-846-277-8704, both of EVC Group, or Media, Steve DiMattia, SVP
of EVC Group, +1-646-277-8706 Web site: http://www.zomax.com/
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