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March 1, 2012 /PRNewswire/ -- Harris Interactive Inc. (Nasdaq: HPOL), a global custom market research firm, today announced that
Al Angrisani will serve as its President and Chief Executive Officer, and will join the Board of Directors of the Company, as Vice Chairman, effective immediately. Mr. Angrisani has served as the Company's Interim Chief Executive Officer since
June 7, 2011.
Mr. Angrisani commented, "Since last June we have made progress initiating the turnaround program and improving the Company's cash and liquidity position. Much work needs to be done, but my decision to serve as President and CEO demonstrates my strong belief in
Harris and the Harris brand. I look forward to working with the management team, employees, and the Board of Directors to improve shareholder value through the execution of a successful turnaround program."
Howard Shecter, Chairman of Harris Interactive's Board of Directors, said, "I am pleased that Al has agreed to become President and CEO of the Company through
June 30, 2014. Al's leadership has already had a tremendous impact on the Company and is critical to our ability to successfully execute the turnaround program."
Additional details regarding Mr. Angrisani's appointments can be found in the Company's Current Report on Form 8-K filed today with the Securities and Exchange Commission.
Cautionary Note Regarding Forward Looking Statements
Certain statements in this press release constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, among others, statements as to future economic performance, projections as to financial items, estimates, and plans and objectives for future operations, products and services. In some cases, you can identify forward-looking statements by terminology such as, "may", "should", "expects", "plans", "anticipates", "feel", "believes", "estimates", "predicts", "potential", "continue", "consider", "possibility", or the negative of these terms or other comparable terminology. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Such risks and uncertainties include, without limitation, risks detailed in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K, as updated quarterly in our Quarterly Reports on Form 10-Q to reflect additional material risks. The Company has filed its reports on Forms 10-K and 10-Q with the Securities and Exchange Commission, and they are available under the Investor Relations section of our website at
http://ir.harrisinteractive.com/. Risks and uncertainties also include the continued volatility of the global macroeconomic environment and its impact on the Company and its clients, the Company's ability to sustain and grow its revenue base, the Company's ability to maintain and improve cost efficient operations, the impact of reorganization, restructuring and related charges, quarterly variations in financial results, actions of competitors, the Company's ability to develop and maintain products and services attractive to the market, the Company's ability to remain in compliance with the financial covenants in its credit agreement, and uncertainties surrounding the Company's ability to regain compliance with certain NASDAQ listing requirements.
You are urged to consider these factors carefully in evaluating such forward-looking statements and are cautioned not to place undue reliance on them. The forward-looking statements are qualified in their entirety by this cautionary statement.