PC Mall Announces Organizational Change
PC Mall, Inc. (NASDAQ:MALL) today announced that Ted Sanders, the Company’s Chief Financial Officer and Treasurer, will be leaving the Company effective June 30, 2007 to accept a position as Chief Financial Officer of ViewSonic Corporation, a global provider of display products headquartered in California. Brandon La Verne, who currently serves as Vice President and Controller, has been appointed as Interim Chief Financial Officer, Treasurer and Chief Accounting Officer of the Company, effective upon the departure of Mr. Sanders.
“Ted has played an important role in our success,” said Frank Khulusi, the Company’s Chairman and Chief Executive Officer. “While we are disappointed to see him go, we continue to enjoy deep management strength, including in accounting and finance, and remain focused on executing our strategy. We are currently reviewing alternatives for a permanent CFO. In the interim, Brandon La Verne, who has been with PC Mall for the last nine years, is a highly capable accounting and finance executive with strong operational experience that fits well with our stated business objectives.”
“I am proud of what we have accomplished at PC Mall during my tenure over the past ten years and want to thank the PC Mall team for what has been a tremendous experience,” said Sanders. “Leaving a company and management team of PC Mall’s quality is difficult, but I do so knowing that PC Mall has a clear focus on its business strategy and has a strong accounting and finance team in place. I also believe Frank and his team will continue to do a great job, and I wish them the best.”
About PC Mall
PC Mall, Inc., together with its subsidiaries, is a rapid response supplier of technology solutions for businesses, government and educational institutions as well as consumers. More than 100,000 different products from companies such as, but not limited to, Apple, HP, IBM, Lenovo and Microsoft are marketed to customers using relationship-based selling, direct marketing, catalogs and the Internet (http://www.pcmall.com, http://www.macmall.com, http://www.pcmallgov.com, http://www.gmri.com, http://www.wareforce.com and http://www.onsale.com). Customer orders are rapidly filled by our distribution center strategically located near FedEx’s main hub or by our extensive network of distributors, which is one of the largest networks in the industry.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include the statements regarding the Company’s expectations, hopes or intentions regarding the future, including but not limited to statements regarding the Company’s business strategy and the Company’s ability to recruit and maintain executive and finance management. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Factors that could cause our actual results to differ materially include without limitation the following: risks related to our ability to hire and retain key personnel. Additional factors that could cause actual results to differ are discussed under the heading “Risk Factors” and in other sections of the Company’s Form 10-Q for the 2007 fiscal quarter ended March 31, 2007, on file with the Securities and Exchange Commission, and in its other periodic reports filed from time to time with the Commission. All forward-looking statements in this document are made as of the date hereof, based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.