NEW YORK, Nov. 13, 2013 /PRNewswire/ -- MKTG INC (OTC BB: CMKG), a full service marketing agency, announced today that Charlie Horsey, its Chairman of the Board, President and CEO, entered into an amended and restated employment agreement extending his tenure through October 31, 2018.
In connection with its approval of Mr. Horsey's new employment agreement, MTKG's Board of Directors issued the following statement: "We are very pleased to be able to retain Mr. Horsey as the Company's CEO for an additional five years. Since his appointment as President in 2009, Charlie has led a remarkable turnaround and demonstrated to us his superior management skills and leadership abilities. His many accomplishments include guiding the Company through its December 2009 financing, restructuring the organization, repositioning the Company's service offering, and expanding our global footprint into Europe. These efforts returned the Company to profitability and have produced three consecutive years of double digit Operating Revenue growth and a significantly strengthened balance sheet. The new employment agreement recognizes Mr. Horsey's value to MKTG and further aligns and strengthens the interests of our Chief Executive Officer with those of our shareholders, with incentive based compensation tied to the achievement of clearly defined, performance-based goals."
"I am proud to have been part of the management team that has produced such an incredible success story," said Mr. Horsey. "I am enthusiastic about our current direction, honored to work with such talented people, and excited about the opportunity to continue to serve our clients and shareholders."
The Company today filed with the Securities and Exchange Commission a Form 8-K describing the terms of the employment agreement. A copy of the employment agreement is included as an exhibit to the Form 8-K.
About MKTG INC
MKTG INC is a full service marketing agency headquartered in New York with full service offices in San Francisco, Los Angeles, Chicago, Cincinnati and London, England. The Company currently serves a variety of the world's most recognizable brands. Its services include experiential marketing, digital marketing, retail promotions and strategic research and planning. The firm's programs help its clients profitably connect with consumers and create networks of brand advocates to generate brand awareness and higher sales for its customers. For more information, please visit www.mktg.com.
This press release includes statements which constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may vary materially from those expressed or implied by the statements herein. Factors that could cause actual results to differ materially from the Company's expectations are set forth in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2013 under "Risk Factors," and include the risk that projected business opportunities will fail to materialize or will be delayed. The Form 10-K may be obtained by visiting the Company's website or by accessing the database maintained by the Securities and Exchange Commission at http://www.sec.gov.
SOURCE MKTG INC
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