Acorn International Announces Resignation of a Director
SHANGHAI, April 12, 2011 /PRNewswire-Asia-FirstCall/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading integrated multi-platform marketing company in China engaged in developing, promoting and selling consumer products and services through extensive distribution network, today announced that Mr. Daniel Wu has resigned from the Company's board of directors due to personal reasons, effective April 8, 2010. Mr. Wu confirmed that there is no disagreement between him and the Company. Mr. Daniel Wu previously also served on the audit committee of the board with the Company as chairman of the audit committee and the member with financial management expertise. The company is actively searching for a candidate with similar expertise and experience to fill in the vacancy.
About Acorn International, Inc.
Acorn is a leading integrated multi-platform marketing company in China, operating one of China's largest TV direct sales businesses in terms of revenues and TV air time and a nationwide off-TV distribution network. Acorn's TV direct sales platform consists of airtime purchased from both national and local channels. In addition to marketing and selling through its TV direct sales programs and its off-TV nationwide distribution network, Acorn also offers consumer products and services through catalogs, third-party bank channels, outbound telemarketing center and an e-commerce website. Leveraging its integrated multiple sales and marketing platforms, Acorn has built a proven track record of developing and selling proprietary-branded consumer products, as well as products and services from established third parties. For more information, please visit http://www.chinadrtv.com.
Acorn International, Inc.
CCG Investor Relations
Ms. Irene Bian, Financial Controller
Ms. Linda Salo, Sr. Financial Writer
Phone: +86-21-51518888 Ext. 2148
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
SOURCE Acorn International, Inc.