News
Skins Names Chief Financial Officer
NEW YORK-(Business Wire)-June 18, 2008 - Skins Inc. (SKNN), a developer of a revolutionary, patented, two-part interchangeable footwear structure, today announced the appointment of Michael Solomon to the position of Chief Financial Officer commencing immediately.
Michael Solomon joins Skins with extensive senior level experience managing entrepreneurial and high growth companies. Most recently, Mr. Solomon was Senior Vice President and Controller of Nexxar Group, Inc., a venture capital-backed global payment transmitter and processing company where he was responsible for all external and internal financial reporting. Prior to this, Mr. Solomon served as Chief Financial Officer of Startrak Systems LLC, a privately held company providing GPS tracking and wireless monitoring solutions to the refrigerated transportation industry. In his role as CFO, Mr Solomon created the necessary financial and accounting infrastructure needed to help facilitate the eventual sale of Startrak to a publicly held company.
Mr. Solomon has also served as the Chief Financial Officer of Shareholder International Corporation, the Senior Vice President and Chief Financial Officer of Georgeson Shareholder Communications, Inc., the Vice President of Finance and Controller for Graff Pay-Per-View, Inc., and an audit manager in the middle-market division of Deloitte & Touche. Mr. Solomon is a Certified Public Accountant. He holds an MBA in Finance from Pace University and a B.S. in Accounting from Fairleigh Dickinson University.
Mark Klein, President and CEO of Skins Inc., said, "I am pleased to welcome Michael to the management team and believe that his strong finance and accounting background coupled with his strong desire to create meaningful financial health for our young, promising company will prove invaluable to us and our shareholders as we grow our revenue base and plan for new and incremental product launches."
About Skins Inc.
Skins Inc. created and is continuing to develop an innovative two-part, interchangeable footwear structure consisting of outer collapsible "Skins" and an inner holistic orthopedic support section called the "Bone." The design allows consumers to purchase one inner section, the Bone, and numerous outer Skins, resulting in multiple style variations from the same pair of quality Bones, always with the same feel and fit no matter which Skin is being worn. Skins' objective is to create a new attire concept that allows and encourages consumers to frequently change their footwear, while experiencing equal comfort in all designs of shoes. This uniquely positions the Skins concept between footwear and apparel industries. For more information, visit http://www.skinsfootwear.com.
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes," and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Actual results may differ materially from those currently anticipated due to a number of risks and uncertainties beyond the reasonable control of the Company. These risks and uncertainties include, without limitation, those detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission, and include, among others, its limited operating history; lack of profits from operations; uncertain ability to raise additional funds on acceptable terms or at all; ability to successfully design, manufacture and commercialize its proposed product; its reliance on one unproven and undeveloped product type; rapidly changing consumer demands for footwear products; unestablished brands; degree and nature of its competition; ability to employ and retain qualified employees; and limited trading market for its common stock.
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