News

News - J.L. Halsey Announces Management Transition

Increase Text SizePrinter Friendly PageEmail this Page

J.L. Halsey Announces Management Transition

  • January 29, 2007

J.L. Halsey Announces Management Transition

Board of Directors Announces Resignation of David Burt, Names Luis Rivera Interim Chief Executive Officer and Joseph Lambert Chief Financial Officer

WILMINGTON, Del.--J.L. Halsey (OTCBB:JLHY), a leading eMarketing company that provides technology solutions for marketers, announced today that its board of directors has named Luis Rivera interim chief executive officer. Luis Rivera's appointment as interim CEO follows nearly two years as the Chief Operating Officer of J.L. Halsey. Luis also serves as the CEO of J.L. Halsey's two largest subsidiaries, Lyris Technologies and EmailLabs.

Rivera replaces David Burt who for personal reasons has resigned from his positions as chief executive officer and acting chief financial officer, effective immediately.

"Luis is a highly experienced executive in our industry and the board is confident in his ability and that of the other members of our management team to continue our track record of strong growth," said William Ty Comfort, J.L. Halsey's chairman of the board.

The company also said that Joseph Lambert, currently vice president and controller, has been named chief financial officer.

About J.L. Halsey Corporation

J.L. Halsey (OTCBB:JLHY) is a leading eMarketing company that provides technology solutions for marketers at mid-size businesses. Its wholly-owned subsidiaries - Lyris Technologies, EmailLabs, ClickTracks and Hot Banana - provide a suite of best-of-breed tools for managing email marketing campaigns end-to-end, publishing and managing Web site content, creating landing pages, and optimizing sites based on sophisticated, yet easy-to-use Web analytics. Clients include Nokia, Adobe, PalmSource, Johns Hopkins University and Jupitermedia. For more information, please visit www.jlhalsey.com, www.lyris.com, www.emaillabs.com, www.clicktracks.com, www.hotbanana.com and www.sparklist.com.

Precautionary Statements Regarding Forward-Looking Information

Some of the statements in this press release may include forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 (PSLRA) that reflect our current views with respect to future events and financial performance. These forward-looking statements, which may apply to us specifically or the email marketing technology and services industry in general, are made pursuant to the safe harbor provisions of the PSLRA and include estimates and assumptions related to economic, competitive, regulatory, judicial, legislative and other developments. Statements that include the words, "expects," "intends," "plan," "believe," "project," "may," "should," "will," and similar statements of a future or forward-looking nature identify forward-looking statements for purposes of the federal securities laws or otherwise. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, these are or will be important factors that could cause our actual results to differ materially from those indicated in these statements. Certain risks and uncertainties that could cause our actual results to differ significantly from management's expectations are described in our Annual Report on Form 10-K and Quarterly Report on 10-Q under the section entitled, "Business-Risk Factors." This section, along with other sections of our reports filed with the Securities and Exchange Commission, describes some, but not all, of the factors that could actual results to differ significantly from management's expectations and have a material adverse effect on the businesses, financial condition and common stock of the company. This list of factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included in our filings with the SEC available at www.sec.gov. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. If one or more of these risks or uncertainties materialize, or if our underlying assumptions otherwise prove to be incorrect, our actual results may vary materially from what we project. Any forward-looking statements you read in this news release reflect our views of the date of this press release with respect to future events, and are subject to these and other risks, uncertainties and assumptions relating to our operations, financial condition, results of operations, growth strategy and liquidity. All subsequent written and oral forward-looking statements attributable to us or individuals acting on our behalf are expressly qualified in their entirety by this paragraph.

Contacts:

J.L. Halsey Corporation

Richard McDonald
610.688.3305
Director, Investor Relations
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

Loren T. McDonald
650.388.3542
Chief Marketing Officer
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

or
Kalt Rosen & Co.
Neal Rosen
415.397.2686
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.