WHITE PLAINS, N.Y., Feb. 02, 2017 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (Nasdaq:SGRP), a leading global supplier of retail merchandising, auditing, assembly, technology and other marketing services throughout the United States and nine other countries, today announced the appointment of Gerard (Gerry) Marrone as SVP Sales & Marketing effective January 9, 2017.
"Gerry is a welcome addition to the team we are assembling at SPAR," commented Scott Popaditch, President and CEO of SPAR Group. "His background and experience are a perfect complement to the company and will deliver positive results for our clients and shareholders."
"It is truly an honor to join SPAR Group. At a time when retail is changing so rapidly, I believe SPAR is positioned perfectly to exceed customer expectations by delivering the highest Field Support Solutions at a fair and competitive price," said Mr. Marrone.
Mr. Marrone is an executive with an extensive entrepreneurial background that has spanned 30 years in marketing services, experiential marketing, professional sports, Internet retailing and big box retail. As one
of the early stage members of PromoWorks, he helped build the leading in-store marketing and demonstration agency in America, which was named No. 3 in the 10th Annual Entrepreneur Magazine and Dun & Bradstreet "Hot 100", a listing of the 100 fastest-growing new businesses in America. He developed and launched the first Partnership Marketing division at On-Campus Marketing (OCM), a leading on-line retailer servicing more than 1,000 colleges throughout the U.S. Mr. Marrone was the Director of Strategy at leading national retailer Bed Bath & Beyond, held executive level positions at two Omnicom experiential agencies - Pierce Promotions and Eventive Marketing, and was the General Manager of Sky Blue FC, the 2009 World Champion of Women's Professional Soccer. He earned a B.S. in Marketing from Montclair State University.
About SPAR Group
SPAR Group, Inc. is a diversified international merchandising and marketing services Company and provides a broad array of services worldwide to help companies improve their sales, operating efficiency and profits at retail locations. The Company provides merchandising and other marketing services to manufacturers, distributors and retailers worldwide, primarily in mass merchandiser, office supply, value, grocery, drug, independent, convenience, toy, home improvement and electronics stores, as well as providing furniture and other product assembly services, audit services, in-store events, technology services and marketing research. The Company has supplied these
project and product services in the United States since certain of its predecessors were formed in 1979 and internationally since the Company acquired its first international subsidiary in Japan in May of 2001. Product services include restocking and adding new products, removing spoiled or outdated products, resetting categories "on the shelf" in accordance with client or store schematics, confirming and replacing shelf tags, setting new sale or promotional product displays and advertising, replenishing kiosks, providing in-store event staffing and providing assembly services in stores, homes and offices. Audit services include price audits, point of sale audits, out of stock audits, intercept surveys and planogram audits. Other merchandising services include whole store or
departmental product sets or resets (including new store openings), new product launches, in-store demonstrations, special seasonal or promotional merchandising, focused product support and product recalls. The Company currently does business in 10 countries that encompass approximately 50% of the total world population through its operations in the United States, Canada, Japan, South Africa, India, China, Australia, Mexico, Brazil and Turkey. For more information, please visit the SPAR Group's website at http://www.sparinc.com.
This Press Release may contain "forward-looking statements" made by SPAR Group,
Inc. ("SGRP", and together with its subsidiaries, the "SPAR Group" or the "Company"). There also are "forward looking statements" contained in SGRP's Annual Report on Form 10-K for its fiscal year ended December 31, 2015 (as filed, the "Annual Report"), as filed on March 30, 2016, with the Securities and Exchange Commission (the "SEC"), in SGRP's definitive Proxy Statement respecting its Annual Meeting of Stockholders held on May 19, 2015 (as filed, the "Proxy Statement"), which SGRP filed with the SEC on April 27, 2016, in SGRP's Quarterly Report on Form 10-Q for the nine months ended September 30, 2016 (the "Quarterly Report"), which was filed by SGRP with the SEC on November 21, 2016, and SGRP's Current Reports on Form 8-K and other reports and statements
as and when filed with the SEC (including the Quarterly Report, the Annual Report and the Proxy Statement, each a "SEC Report"). "Forward-looking statements" are defined in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and other applicable federal and state securities laws, rules and regulations, as amended (together with the Securities Act and Exchange Act, collectively, "Securities Laws").
The forward-looking statements made by the Company in this Press Release include (without limitation) any expectations, guidance or other information respecting the pursuit or achievement of the Company's five corporate objectives (growth, customer value, employee development, productivity & efficiency, and earnings per share), building upon the
Company's strong foundation, leveraging compatible global opportunities, improving on the value we already deliver to customers, our growing client base, continuing balance sheet strength, customer contract expansion, growing revenues and becoming profitable through organic growth and acquisitions, attracting new business that will increase SPAR Group's revenues, improving product mix, continuing to maintain or reduce costs and consummating any transactions. The Company's forward-looking statements also include, in particular and without limitation, those made in "Business", "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Annual Report. You can identify forward-looking statements in such information by the Company's use of terms such as "may", "will", "expect", "intend", "believe", "estimate", "anticipate",
"continue" or similar words or variations or negatives of those words.
You should carefully consider (and not place undue reliance on) the Company's forward-looking statements, risk factors and the other risks, cautions and information made, contained or noted in or incorporated by reference into this Press Release, the Annual Report, the Proxy Statement and the other applicable SEC Reports that could cause the Company's actual performance or condition (including its assets, business, capital, cash flow, credit, expenses, financial condition, income, liabilities, liquidity, locations, marketing, operations, performance, prospects, sales, strategies, taxation or other achievement, results, risks, trends or condition to differ materially from the performance or condition planned, intended, expected, estimated or otherwise expected by the Company (collectively,
"expectations") and described in the information in the Company's forward-looking and other statements, whether express or implied. Although the Company believes them to be reasonable, those expectations involve known and unknown risks, uncertainties and other unpredictable factors (many of which are beyond the Company's control) that could cause those expectations to fail to occur or be realized or such actual performance or condition to be materially and adversely different from the Company's expectations. In addition, new risks and uncertainties arise from time to time, and it is impossible for the Company to predict these matters or how they may arise or affect the Company. Accordingly, the Company cannot assure you that its expectations will be achieved in whole or in part, that the
Company has identified all potential risks, or that the Company can successfully avoid or mitigate such risks in whole or in part, any of which could be significant and materially adverse to the Company and the value of your investment in the Company's Common Stock.
You should carefully review the risk factors described in the Annual Report (See Item 1A - Risk Factors) and any other risks, cautions or information made, contained or noted in or incorporated by reference into this Press Release, the Annual Report, the Proxy Statement or other applicable SEC Report. All forward-looking and other statements or information attributable to the Company or persons acting on its behalf are expressly subject to and qualified by all such risk factors and other risks, cautions and information.
The Company does not intend or promise, and the Company
expressly disclaims any obligation, to publicly update or revise any forward-looking statements, risk factors or other risks, cautions or information (in whole or in part), whether as a result of new information, risks or uncertainties, future events or recognition or otherwise, except as and to the extent required by applicable law.
James R. Segreto
Chief Financial Officer
SPAR Group, Inc.
Dave MossbergThree Part Advisors
Source: SPAR Group
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