Enesco (NYSE:ENC)
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Enesco Group, Inc. (NYSE:ENC), a leader in the giftware,
and home and garden decor industries, today announced that the
Company's Board of Directors appointed David C. du Four as its newest
Board member and member of the Audit Committee. Mr. du Four's
appointment became effective April 18, 2006.
Mr. du Four is the former General Manager of Labsphere, Inc., a
worldwide supplier of light measurement equipment. From 2001 to 2004,
Mr. du Four assisted with turning that company, which was affected by
the downturn of the telecommunications industry, into a more
profitable and focused business. In his role, Mr. du Four had
executive control of all functions and reported to the chief executive
officer of Labsphere's parent company, X-Rite (NM:XRIT).
Prior to joining Labsphere, Mr. du Four was the Chief Operations
Officer of Marine Optical from 1990 to 2001, where he enabled that
company to grow from $12 million to $75 million in annual revenues by
creating superior supply chain management and customer services. Mr.
du Four also was Vice President of Industrial Sales and Marketing for
North America for Polaroid Corporation from 1976 to 1989, and held
various sales and marketing positions with increasing responsibility
with Westinghouse Electric from 1958 to 1976.
Anne-Lee Verville, chairman of Enesco's Board of Directors,
stated, "David is a seasoned, senior executive who has helped his
companies throughout his career attain strong, profitable business
growth, igniting both top and bottom line performance, and maximizing
the use of assets and value of the businesses. We are particularly
pleased to have a Director with this turnaround expertise join our
Board. We appreciate his enthusiasm and support of Enesco's Operating
Improvement Plan, and look forward to working with David to promote
Enesco's future sustainable growth."
Mr. du Four holds a Bachelor of Science degree in Electrical
Engineering from MIT and a Masters in Business Administration from the
Harvard Business School.
About Enesco Group, Inc.
Enesco Group, Inc. is a world leader in the giftware, and home and
garden decor industries. Serving more than 44,000 customers globally,
Enesco distributes products to a wide variety of specialty card and
gift retailers, home decor boutiques, as well as mass-market chains
and direct mail retailers. Internationally, Enesco serves markets
operating in the United Kingdom, Canada, Europe, Mexico, Australia and
Asia. With subsidiaries located in Europe and Canada, and a business
unit in Hong Kong, Enesco's international distribution network is a
leader in the industry. The Company's product lines include some of
the world's most recognizable brands, including Border Fine Arts,
Bratz, Circle of Love, Foundations, Halcyon Days, Jim Shore Designs,
Lilliput Lane, Pooh & Friends, Walt Disney Classics Collection, and
Walt Disney Company, among others. Further information is available on
the Company's web site at www.enesco.com.
This press release contains forward-looking statements, which
reflect management's current assumptions and beliefs and are based on
information currently available to management. The Company has tried
to identify such forward-looking statements by use of such words as
"expects," "intends," "anticipates," "could," "estimates," "plans,"
and "believes," and similar expressions, but these words are not the
exclusive means of identifying such statements. Such statements are
subject to various risks, uncertainties and other factors, which could
cause actual results to vary materially from those anticipated,
estimated, expected or projected. Important factors that may cause
actual future events or results to differ materially and adversely
from those described in the forward-looking statements include, but
are not limited to: the Company's success in implementing its
comprehensive plan for operating improvement and achieving its goals
for cost savings and market share increases; the Company's success in
developing new products and consumer reaction to the Company's new
products; the Company's ability to secure, maintain and renew popular
licenses, particularly our Cherished Teddies, Disney and Jim Shore
Designs licenses; the Company's ability to grow revenues in mass and
niche market channels; the Company's ability to comply with covenants
contained in its credit facility; changes in general economic
conditions, as well as specific market conditions; fluctuations in
demand for our products; manufacturing lead times; the timing of
orders and shipments and our ability to predict customer demands;
inventory levels and purchase commitments exceeding requirements based
upon forecasts; collection of accounts receivable; changes in the
regulations and procedures affecting the importation of goods into the
United States; changes in foreign exchange rates; price and product
competition in the giftware industry; variations in sales channels,
product costs or mix of products sold; and, possible future terrorist
attacks, epidemics, or acts of war. In addition, the Company operates
in a continually changing business environment and does not intend to
update or revise the forward-looking statements contained herein,
which speak only as of the date hereof. Additional information
regarding forward-looking statement risk factors is contained in the
Company's reports and filings with the Securities and Exchange
Commission. In light of these risks and uncertainties, the
forward-looking statements contained herein may not occur and actual
results could differ materially from those set forth herein.
Accordingly, you should not rely on these forward-looking statements
as a prediction of actual future results.