NEW YORK, Jan. 8 /PRNewswire-FirstCall/ -- EDCI Holdings, Inc. (Nasdaq: EDCI) ("the Company"), the holding company for Entertainment Distribution Company, Inc., the majority shareholder of Entertainment Distribution Company, LLC ("EDC"), a European provider of supply chain services to the optical disc market, today announced the appointment of John Fitzgerald as Chief Operating Officer and Managing Director of EDC's German operating subsidiary, Entertainment Distribution Company GmbH ("EDC GmbH"), effective January 11, 2010.
Mr. Fitzgerald has over 30 years of international professional experience. He has spent the last 20 years providing financial management, strategic planning, and business development services to companies in the consumer goods industry. Most recently, from 2003 - 2009, he served as Managing Director of Cinram GmbH. From 1989 - 2002, Mr. Fitzgerald served in various financial and executive positions within Warner Music Manufacturing Europe GmbH. Mr. Fitzgerald holds a Bachelor Degree in Business Studies from the University of Central Queensland.
"I am very excited to have John join us given his extensive experience in managing a company comparable to that of EDC GmbH," said Clarke Bailey, Chief Executive Officer of EDCI and EDC. "John has a proven track record of guiding an international disc replicator and logistics provider through difficult times. His ability to deal with large media customers in a declining industry is impressive. We welcome John and look forward to working with him to extract value from our investment in EDC."
Mr. Fitzgerald said, "I am pleased to have the opportunity to join and work with EDC which has an established, unparalleled reputation for packaged media replication and logistics services in Europe."
About EDCI Holdings, Inc.
EDCI Holdings, Inc. (Nasdaq: EDCI) is a multi-national company, headquartered in New York, that is seeking to enhance shareholder value by pursuing acquisition opportunities. EDCI is the holding company of Entertainment Distribution Company, Inc., which is the majority shareholder of Entertainment Distribution Company, LLC ("EDC"), a European provider of supply chain services to the optical disc market. EDC serves every aspect of the manufacturing and distribution process and is one of the largest providers in the industry. EDC's clients include some of the world's best-known music, movies and gaming companies. EDC's operations include manufacturing and distribution facilities in Hannover, Germany. For more information, please visit www.edcih.com.
Cautionary Statement About Forward Looking Statements
This press release contains statements that may be forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted. More information about these and other important factors that could affect our business and financial results is included in the "Risk Factors" section of our quarterly report on Form 10-Q we filed with the Securities and Exchange Commission ("SEC") on October 30, 2009 and Annual Report on form 10-K we filed with the SEC on March 31, 2009. The Company assumes no obligation to update any forward- looking statements and does not intend to do so except where legally required.
SOURCE EDCI Holdings, Inc.