FORT LAUDERDALE, Fla., May 9, 2012 /PRNewswire/ -- The Singing Machine Company, Inc. ("Singing Machine" or the "Company") (OTCBB: SMDM) announces the appointment of its Management Team.
The Company announced today that effective immediately, the Board of Directors has approved the appointment of Gary Atkinson from Interim Chief Executive Officer to the position of Chief Executive Officer. The Board of Directors has also approved the appointment of Lionel Marquis from Principal Accounting Officer to Chief Financial Officer effectively immediately. Former Interim CFO, Ms. Carol Lau, will resign from the position of Interim Chief Financial Officer but will remain with the Company as Chairwoman of the Board.
Mr. Atkinson has been with the Company since 2008, serving as General Counsel and Secretary. In December 2009, he was appointed as Interim Chief Executive Officer and has been overseeing all areas of the Company since then. Mr. Atkinson is a member of the Florida and Georgia Bar. He graduated from the University of Rochester with a Bachelors Degree in Economics and was awarded a dual-degree J.D./M.B.A. from Case Western Reserve University School of Law and Weatherhead School of Management.
Mr. Marquis joined the Company in June 2008 as Controller and Principal Accounting Officer, where he has been responsible for overseeing the accounting department and preparing all quarterly and annual financial statements. For the past 16 years Mr. Marquis has served as Controller and or Chief Financial Officer for several manufacturing and distribution companies in the South Florida area. Some of these companies include Computer Products, Inc (Artesyn Technologies Inc), U S Plastic Lumber Corporation, Casi-Rusco, (division of Interlogix Inc.), DHF Industries, Inc and Ingear Fashions, Inc. Mr. Marquis graduated from Bryant College with a Bachelors Degree in Business Administration with a major in accounting. Mr. Marquis is a Certified Public Accountant in the state of Florida.
About The Singing Machine
Incorporated in 1982, The Singing Machine Company develops and distributes a full line of consumer-oriented karaoke machines and music under The Singing MachineTM, SMDigital™, SoundX™, and Sound X Kids™ and other brand names. The first to provide karaoke systems for home entertainment in the United States, The Singing Machine sells its products in North America, Europe and Australia. The Singing Machine is also the first to offer digital music downloads for play on home karaoke machines. See www.singingmachine.com for more details.
This press release contains forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward‑looking statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management and include, but are not limited to statements about our financial statements for the fiscal year ended March 31, 2011. You should review our risk factors in our SEC filings which are incorporated herein by reference. Such forward‑looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward‑looking statement to reflect events or circumstances after the date of this release.
SOURCE The Singing Machine Company, Inc.
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