Monday, March 2, 2009

Fresh Produce Sportswear? Wouldn't it spoil when the starz came out?

I apparently missed this bit of news earlier, but just found it on Implu:

Effective February 13, 2009, based upon the favorable recommendation of the Nominating and Corporate Governance Committee, Mary Beth Lewis has been appointed to the Board of Directors of NTN Buzztime, Inc. (the “Company”) and to the Audit Committee of the Board. There were no arrangements or understandings between Ms. Lewis and any other person pursuant to which she was selected as a director.

Ms. Lewis, age 50, most recently held the position of Chief Financial Officer of Fresh Produce Sportswear, Inc., a women’s apparel company, from 2007 to 2009. During 2006 and 2007 she was an accounting instructor in the Colorado State University College of Business. From 2001 to 2005 Ms. Lewis was employed by Noodles and Company, a restaurant chain, where she held, among other positions, the role of Chief Financial Officer. Prior to that, she was the Chief Financial Officer of Wild Oats Markets, Inc, a national grocery store chain. Ms. Lewis currently serves on the Board of Directors for eBags, Inc., an online retailer of bags and accessories, where she also serves as the Audit Committee Chair. Ms. Lewis holds two undergraduate degrees from West Virginia University: a BA in Psychology and a BS in Speech Pathology and Audiology. Ms. Lewis also holds an M.B.A. in Accounting and Finance from the University of Pittsburgh.

Not really a lot of online gaming experience, but she was obviously sought for her financial expertise - and NTN Buzztime can definitely use it.

Oh, and one more thing:

Effective February 17, 2009, Robert Clasen resigned as a member of the Board of Directors of the Company.

According to information that I found in August 2008, Clasen had been a director since November 2001. No explanation for his departure was given, and he appears to be successful at his day job at Starz Entertainment, according to an investor conference call last Wednesday (2/25/2009):

At premium cable network Starz Entertainment, the performance was markedly better. Cash flow at the movie channel surged 69% in the quarter to $81 million, on a revenue increase of 8% to $285 million, fueled by the inclusion of Liberty Sports Group — which houses Major League Baseball's Atlanta Braves and three regional sports networks — and increases in subscribers and monthly rates. Starz added about 300,000 new subscribers in the quarter, upping its total base to 17.7 million customers.

On the conference call with analysts, Starz chairman and CEO Robert Clasen said that the results reflect that in a down economy “at least so far, subscription TV has held up reasonably well.”

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