Message #20 From:
Stock News Bot Date: October 10, 2006 06:00:00 AM
ATWO News a21 Appoints John Z. Ferguson Chief Executive Officer
JACKSONVILLE, Fla.--(BUSINESS WIRE)--a21, Inc. ("a21") (OTCBB:ATWO), a leading online digital content
marketplace, today announced that John Z. Ferguson has been appointed
Chief Executive Officer and joins the Company’s
Board of Directors. Mr. Ferguson, who previously held senior management
positions at leading international image provide Getty Images, will lead
the Company’s aggressive growth strategy and
advance the Company’s worldwide digital media
platform.
At Getty Images, Ferguson most recently served as Senior Vice President,
Sales – Americas, an executive committee
position reporting directly to the Chief Executive Officer. As a senior
executive with responsibility for sales, regional marketing, and
acquisition integration, Ferguson helped lead Getty’s
revenue growth to more than $700 million. During his tenure with Getty,
Ferguson also held a key leadership role driving substantial sales
growth for Art.com, Getty’s online art
delivery subsidiary.
In conjunction with this appointment, Philip N. Garfinkle, who has been
serving as interim President and Chief Operating Officer, has been
appointed Executive Chairman of a21 by its Board of Directors. Among his
many accomplishments in the digital imaging industry, Garfinkle
introduced online photo processing to the consumer with PictureVision,
Inc., a company he founded and built for several years before selling it
to Kodak. Albert H. Pleus, former Chairman and Chief Executive Officer,
will serve as an Executive Advisor to the Company in addition to
remaining a Company director.
“John brings a winning combination of
industry knowledge, leadership skills, and a successful track record
perfectly suited to lead a21’s growth
strategy,” commented Garfinkle. “We
are fortunate to have attracted an accomplished executive with a broad
range of skills and extensive knowledge of both our digital imaging and
art delivery businesses. And, with his high energy level and intense
focus, John is the ideal leader to enhance our existing operations, as
well as quickly identify new growth opportunities to drive a21 to the
next level.”
As Chief Executive Officer, Ferguson will set a21’s
immediate strategy and direction, establish corporate goals and
objectives, and organize the Company to successfully execute its plan.
Garfinkle will assist Ferguson during his transition, but ultimately
focus on the long-term strategic vision of the Company, including
acquisitions.
In addition to his extensive experience in the digital imaging and art
delivery industries, Ferguson, 40, has also held senior sales and
managerial positions at a number of highly-regarded international
technology and marketing-driven organizations, including Broderbund
Software, Inc., Quaker Oats Company, and Coca-Cola USA. Ferguson earned
an MBA from the Kellstadt Graduate School of Business at DePaul
University, and is also a graduate of Michigan State University.
“Phil and John are both proven leaders who
have the demonstrated ability to take a company like a21 through our
next phase of growth,” stated Albert H.
Pleus. “I am confident they will create
significant value for our clients and our shareholders, by efficiently
and effectively leveraging our foundation, resources, and considerable
talent.”
The Company has also announced that shareholders have elected five
directors, three of whom are independent, at its most recent annual
meeting. In addition to Garfinkle and Pleus, the following were also
elected to the Board as independent directors:
A.D. “Bud” Albers,
Senior Vice President and Chief Technology Officer of MusicNet, Inc.
Laura B. Sachar, Founder and Co-Chairman of StarVest Partners, L.P., a
New York-based venture capital firm and, along with Morgan Stanley, a
lead investor in a21’s most recent $15.5
million private placement.
C. Donald Wiggins, President of Business Valuations, Inc., a firm
specializing in business valuations, and Heritage Capital Group, a firm
specializing in mergers and acquisitions of middle market companies.
“We are extremely pleased with our
shareholders’ broad support for the slate of
elected directors,” says Garfinkle. “This
is a strong board with the drive, experience and skill to provide
valuable counsel and direction to our executive management team, as well
as the independence needed to be effective fiduciaries for the Company’s
shareholders.”
About a21:
a21 (www.a21group.com) is a
leading online digital content marketplace for the professional creative
community. Through SuperStock (www.superstock.com;
www.superstock.co.uk; and www.purestockx.com),
and ArtSelect (www.artselect.com),
a21 delivers high quality images, art framing, and exceptional customer
service. a21 and its companies, with offices in Florida, Iowa, New York
City, and London, provide a valuable and viable choice to photographers,
artists, photography agencies and other customers in the stock image,
art and wall decor industries.
The statements contained in this press release contain certain
forward-looking statements, including statements regarding a21, Inc.'s
expectations, intentions, strategies, and beliefs regarding the future.
All statements contained herein are based upon information available to
a21, Inc.'s management as of the date hereof and actual results may vary
based upon future events, both within and without the control of a21,
Inc.'s management.