Wizard World, Inc. (symbol: WIZD) (the “Company”), a digital entertainment and event company, today announced that John Macaluso, a successful businessman and entrepreneur, has been appointed to the Board of Directors. The new appointment follows the naming of Greg Suess to the Board, and is another step in the Company’s effort to add directors with successful track records of building and operating companies through their hyper-growth phase.
Mike Mathews, Wizard World Chairman states that, “John’s previous experience at founding and building a hundred-million dollar apparel company adds a great dimension to the Wizard World Board of Directors. His contacts and entrepreneurial skills will certainly help the Wizard World brand expand its operations and sales base.”
John Macaluso states, “The more time I spend with Gareb and his Wizard World team the more I want to be involved. After going to a Wizard World Comic Con event and seeing the excitement and sheer joy of the people attending, I was hooked. This was exactly the kind of opportunity I wanted to invest my time and money into. The Company and its team have an incredible energy in all that they do. I hope to offer them my years of experience and practical approach to growing their business.”
Gareb Shamus, Wizard World CEO states, “I liked John from the minute I met him, he was one of the most energetic and personable people I have ever met. John grew his manufacturing company from the ground up and knows what it takes on a daily basis to build a profitable enterprise. His experience and enthusiasm embodies the spirit of Wizard World.”
Macaluso’s garment manufacturing company, California Concepts, sold its products to many of the major retailers in the United States, produced a private label for Wal-Mart and Target, sold branded goods to Federated Department Stores, serviced specialty chains such as Charming Shoppes and Maurice’s and purveyed an upscale label to Barneys New York. After achieving success in the garment manufacturing business, Macaluso sold the business in 2007, and is now pursuing new ventures.
About Wizard World:
Wizard World, Inc. produces Comic Cons and pop culture conventions across North America that celebrate graphic novels, comic books, movies, TV shows, gaming, technology, toys and social networking. The events often feature celebrities from movies and TV, artists and writers, and events such as premieres, gaming tournaments, panels, and costume contests. Wizard World, Inc. also produces Wizard World Digital, an online publication covering new and upcoming products and talents in the pop culture world, and is distributed on a weekly basis to online and iPad users worldwide.
Wizard World’s full event schedule can be found at www.wizardworld.com.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release relating to Wizard World, Inc.’s future plans, expectations, beliefs, intentions and prospects are “forward-looking statements” and are subject to material risks and uncertainties. When used in this press release, the words “will,” “future,” “expect,” “look forward to,” similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Wizard World that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur. A detailed discussion of these factors and other risks that affect Wizard World’s business is contained in its SEC filings, including its most recent reports on Form 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or by contacting Joe Favorito, Public Relations, at (917) 566-8345. All information set forth in this press release is current as of May 13, 2011. Wizard World undertakes no duty to update any statement in light of new information or future events.