Acorn International Announces Changes to the Board of Directors

SHANGHAI, July 18, 2017 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today announced the resignation of two directors, David Naphtali and Cosimo Borelli, for personal reasons effective July 17, 2017.

"I'd like to thank Mr. Naphtali and Mr. Borelli for their contributions to the board over the last few years. Their expertise as professional fiduciaries was invaluable in guiding the Company through a particularly tumultuous time," said Mr. Jacob A. Fisch, President of Acorn. "Now that Acorn is at an inflection point, we will seek to replace their seats with business leaders and entrepreneurs with industry experience more relevant to Acorn's business going forward."

About Acorn International, Inc.

Co-founded in 1998 by Executive Chairman Robert Roche, Acorn is a marketing and branding company in China with a proven track record of developing, promoting and selling a diverse portfolio of proprietary-branded products, as well as well-established and promising new products from third parties. Its business is currently comprised of two main divisions, its direct sales platforms and its nationwide distribution network. For more information visit www.acorninternationalir.com.

Safe Harbor Statement                     

This news release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "anticipates," "believes," "estimates," "expects," "future," "going forward," "intends," "outlook," "plans," "target," "will," and similar statements. Such statements are based on management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance, or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.

SOURCE Acorn International, Inc.

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