Appointment of New Chief Financial Officer
On May 29, 2013, Thomas D. Lamb resigned as Chief Financial Officer but will remain as a Director of the Company. Concurrently, the Board of Directors approved the appointment of Stephen D. Inouye as Chief Financial Officer of the Company. Mr. Inouye is a Vancouver-based business man with over 30 years of accounting experience and for the past 2 years has acted as the Company's controller. His accounting career began in 1981 with Canada Safeway Stores Ltd. ("Safeway") at their head offices then located in Vancouver, British Columbia. During his 10 years with Safeway he held a number of accounting positions, providing him an in-depth understanding of large corporate accounting. From 1991 to 1995 he lived in Ecuador, South America where he was involved in volunteer work. Upon his return to Canada in 1995, he moved to his home town of Toronto, Ontario, and returned to his accounting career working for the next 3 years in an accounting & tax public practice firm where he expanded his accounting experience with work in taxes, both corporate and personal, and in accounting for small to medium sized privately held businesses. In 1998, Mr. Inouye relocated to Vancouver where he opened his own accounting and tax public practice. Beginning in 2008, he began working with publicly traded companies and has since then taken on the position of controller for two of those companies. He continues to operate his public practice providing corporate and personal accounting and tax services.
About Digital Shelf Space Corp.
Digital Shelf Space is an independent creator, producer and distributor of home entertainment content targeted at the fitness and sports instruction market. Digital Shelf Space's overall content partnership strategy is to align itself with world-class, global brand partners. For more information please visit www.digitalshelfspace.com and to view the Company's products please visit www.gsprushfit.com and www.touracademydvds.com.
ON BEHALF OF THE BOARD
Jeffrey Sharpe, President & CEO
Forward Looking Statements
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about the direct sales of GSP RUSHFIT and the growth and revenue potential of GSP RUSHFIT; license agreements and sales of TA Home Edition to specific customers in the United States; the terms and completion of the subscription by SAO for common shares of the Company (which upon completion will constitute SAO's qualifying transaction); the approvals required to complete the SAO private placement and qualifying transaction, including the approvals of the TSX Venture Exchange and the shareholders of SAO; the ability of the Company to generate sales of GSP RUSHFIT and TA Home Edition, sign additional content deals, raise additional capital to fund marketing, distribution, content production and operations; increasing advertising funds to achieve increased revenues; the ability of the Company to continue as a going concern; the production and completion of a long form GSP RUSHFIT infomercial, and the timing thereof; revenue growth for 2013; the development of marketing strategies for GSP RUSHFIT and TA Home Edition; the launch of a new direct-to-home DVD series or product line featuring a celebrity, athlete or global brand; the Company's outlook of planned activities; growth of sales, and continued receipt of orders of the Company's products through Amazon websites; increased sales for the fitness industry; increased revenues as a result of advertising dollars spent; current strategies and ongoing adjustments to these strategies providing the potential for revenue opportunities; wholesale demand for the Company's product; future revenue growth; plans for increased retail distribution and international expansion through the Gaiam, Inc. distribution agreement; the opening of new markets; projections for further growth continuing to meet and exceed earlier forecasts; new television and internet marketing campaigns for the Company's products; expanded sales into overseas markets; expected growth of retail sales of the Company's products; the Company's strategy, future operations, prospects and plans of management; the Company's expectations with respect to existing and future agreements with third parties; estimates of the length of time the Company's business will be funded by anticipated financial resources; and anticipated results and benefits of consumer use of celebrity fitness products..
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