NEW YORK, Feb. 5, 2014 /PRNewswire/ -- Edward M.
Slezak, interim Chief Executive Officer and General Counsel of
Crumbs Bake Shop, Inc. ("Crumbs") (NASDAQ: CRMB), has been elected
to the Board of Directors following the January 30th resignation of Chairman
of the Board, Edwin H. Lewis.
In addition to his role as interim Crumbs Chief Executive
Officer, Mr. Slezak also brings to the Board of Directors his many
years of experience and expertise in the areas of legal, regulatory
and compliance functions, including public company securities
matters. Mr. Lewis had served as a director and as Chairman of the
Board of Crumbs Bake Shop, Inc. since May
2011.
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"I have enjoyed my tenure as a director and Chairman of the
Board of Directors of Crumbs. I am confident that Ed will be an
asset to the Board and will play a critical role in the long-term
growth and success of Crumbs," said Mr. Lewis.
"The Board of Directors and management team at Crumbs are
committed to implementing our new business plan, as we position the
company for growth and the continued evolution of our brand," said
Mr. Slezak.
As announced earlier this year, the company has developed a
revised business plan for 2014 and beyond and remains in
collaboration with Fischer Enterprises, owner of Dippin' Dots, Inc.
(www.dippindots.com) to develop and execute a franchising model for
its brick and mortar stores. To strengthen this collaboration,
Fisher Enterprises will be nominating two members for the Crumbs'
Board of Directors. Pending ratification by the Nominating
and Governance Committee of the company's Board of Directors, the
nominees will stand for election by the shareholders at the Crumbs
Bake Shop, Inc. Annual Shareholders Meeting to be held in
June 2014.
Forward Looking Statements:
SPECIAL NOTE: THIS PRESS RELEASE AND ORAL STATEMENTS MADE FROM TIME
TO TIME BY REPRESENTATIVES OF THE COMPANY CONTAIN CERTAIN
"FORWARD-LOOKING STATEMENTS" MADE IN RELIANCE UPON THE SAFE HARBOR
PROVISIONS OF SECTION 27A OF THE SECURITIES ACT OF 1933, AS
AMENDED, AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED, CONCERNING EXPECTATIONS FOR SALES, STORE OPENINGS, GROSS
MARGINS, EXPENSES, STRATEGIC DIRECTION AND EARNINGS. ACTUAL
RESULTS MIGHT DIFFER MATERIALLY FROM THOSE PROJECTED IN THE
FORWARD-LOOKING STATEMENTS. AMONG THE FACTORS THAT COULD CAUSE
ACTUAL RESULTS TO MATERIALLY DIFFER INCLUDE, CHANGES IN THE
COMPETITIVE MARKETPLACE, INCLUDING THE INTRODUCTION OF NEW PRODUCTS
BY OUR COMPETITORS, CHANGES IN THE ECONOMY AND OTHER EVENTS LEADING
TO A REDUCTION IN DISCRETIONARY CONSUMER SPENDING; SEASONALITY;
WEATHER RELATED EVENTS; RISKS ASSOCIATED WITH CHANGES IN SOCIAL,
POLITICAL, ECONOMIC AND OTHER; RISKS ASSOCIATED WITH UNCERTAINTY
RELATING TO THE COMPANY'S ABILITY TO IMPLEMENT ITS GROWTH
STRATEGIES, AS WELL AS THE OTHER RISK FACTORS SET FORTH IN THE
COMPANY'S FORM 10-K AND QUARTERLY REPORTS ON FORM 10-Q, FILED WITH
THE SECURITIES AND EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO
OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS TO
REFLECT SUBSEQUENT EVENTS OR CIRCUMSTANCES.
SOURCE Crumbs Bake Shop, Inc.