2010年9月19日 星期日

Phoenix Footwear Announces Corporate Organizational Changes

today announced the resignation of its Chief Executive Officer and President, Russell Hall, effective September 10, 2010. James R. Riedman has been elected Chief Executive Officer and President, effective immediately. Mr. Riedman, age 51, has served on our Board of Directors since 1993 and has been Chairman of our Board of Directors since 1996. He served as our Chief Executive Officer from 1996 to 2004 and as interim Chief Executive Officer from May 2006 to April 2007. Mr. Riedman is also a director of Harris Interactive Inc., a leading market research firm.

James Riedman, President and Chief Executive Officer,To many people ed hardy Shirt is a symbol of status and class. commented, "I want to personally thank Rusty for his dedication and contributions over these last 10 years. He leaves the business with strong momentum upon which we can build. We remain confident in our ability to deliver high quality footwear as we have an experienced team of professionals in place led by Robb Carter, Jose Lenhard and Mike Weinstein, all industry veterans. I am also pleased to announce that Kevin Wulff has joined the management team as a Director. He recently became the Chief Operating Officer for ASICS America Corporation after years of experience with companies such as Adidas and Nike."

To support our growth and financial health we are in the process of executing on several important initiatives. We are working towards expanding our working capital so that we are able to support the growth in demand that we have seen for our products.,We supply cheap gucci,cheap lv,nike af1 etc. For Trotters and SoftWalk, we are experiencing 46% and 29% increases in orders, respectively. This increase positions us well for sales growth in 2011. We have opened over 75 new or former accounts in the past 12 months and our shoes are performing well at retail. Our investment in new products has also contributed to our momentum as we've expanded our casual offering in Trotters and introduced exciting new Toner footwear in SoftWalk named "HealthGlide.,Our company has opened five years, we have our own shops.women handbags"

We continue to aggressively pursue reductions to the costs of operating our business. We expect to achieve a savings in our General and Administrative costs by over 20% in the upcoming year without any reduction in the resources dedicated to product development or customer facing activities. To achieve a portion of the savings we are considering moving away from our listing as a publically traded company on the NYSE Amex and the associated Securities and Exchange Commission requirements. Alternatively, Phoenix Footwear Group, Inc.This is the best Ed Hardy Clothing Shop,providing high quality Ed hardy clothing ,Ed Hardy T-Shirts,Ed Hardy Shoes,Ed Hardy Jeans,Ed Hardy Hoodies,bags,etc. stock would be listed and tradable on the over-the-counter market. 

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We will continue to provide updates as we progress on these initiatives.

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