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Bruce Smith resigns from Hancock Fabrics

09
Mar '07
Hancock Fabrics Inc announced that Bruce Smith has resigned as Chief Financial Officer and Executive Vice President, effective March 30, 2007, to accept a position with another company.

Jane Aggers, President and CEO, stated, "While we regret Bruce's decision to leave, we thank him for his contributions over the last ten years and wish him success in his new position."

In the interim, Corporate Revitalization Partners, LLC (CRP), will serve as financial advisors to the Company, with Larry Fair, Vice President-Finance, assuming the role of Chief Accounting Officer.

CRP is a national consulting firm, focused on providing interim management solutions with operational, financial and other advisory services. CRP's professionals have been providing advisory services to Hancock since December 2006 and are, therefore, familiar with the Company's operations.

Hancock Fabrics Inc - America's Fabric Store - is committed to serving creative enthusiasts with a complete selection of fashion and home decorating textiles, sewing accessories, needlecraft supplies and sewing machines, through retail stores and an Internet store.

Hancock Fabrics Inc


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