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House of Taylor expands board by appointing three new Directors

Sep '05
Los Angeles-based international jewelry company House of Taylor Jewelry Inc, whose principal shareholders include Elizabeth Taylor and Kathy Ireland, expanded its board to five members. The new board members are Lawrence Chimerine, Ph.D., Frank Devine, and Peter Mainstain, CPA. They join existing board members Jack Abramov, CEO of the company, and Monty Abramov, Vice President of Operations and Design Director.

'They have recruited three outstanding individuals to complement their existing board members," stated Jack Abramov. "Their new additions bring both financial and retail expertise to the board, provide the desired foundation for solid corporate governance and they are an important step in the Company's future plans for a NASDAQ listing of its common stock.'

Dr. Lawrence Chimerine is President, Radnor International Consulting Inc and partner and member of the Investment Committee of Strategic Capital Advisors. He is the former Chairman, Chief Executive, and Chief Economist of Chase Econometrics and the WEFA Group. As a noted author and economic expert, he has appeared on numerous television shows, including Wall Street Week, the Lehrer News hour, ABC and NBC nightly news, CNN and CNBC, and has been a consultant to many Fortune 500 companies and financial institutions here and abroad.

Frank M. Devine has over 40 years of experience developing market strategies and implementation models for consumer products and retail sales. As a consultantto various companies, he has relationships with many of the major retail entities in the United States and the global market. He has extensive experience with branding in the retail arena and has assisted in the development of successful branding strategies to bring products to market. Mr. Devine has also served as a board member to a number of companies including Salton Inc and Saflink Inc

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