American Community Newspapers Inc. Announces Change in Management Team
04 April 2008 - 11:30PM
PR Newswire (US)
DALLAS, April 4, 2008 /PRNewswire-FirstCall/ -- American Community
Newspapers Inc. (AMEX:ANE) ("ACN") today announced that Daniel J.
Wilson has resigned from his position of Chief Financial Officer to
pursue other opportunities. He will remain an employee of the
Company through April 30, 2008, and will be available thereafter on
a consulting basis to ensure a smooth transition period. ACN has
commenced an executive search to fill the position on a permanent
basis. "I would like to thank Dan for all the contributions he has
made to ACN as its CFO and I respect his decision. He played an
instrumental role in the creation and growth of the Company,
including the acquisition of the Columbus cluster and ACN becoming
a publicly traded entity this past year," said Gene Carr, Chairman
and Chief Executive Officer of ACN. "Dan's leadership and guidance
has helped position ACN as one of the largest publishers of
suburban newspapers in the U.S. We wish him great success in all of
his future endeavors." Wilson commented, "It has been a rewarding
and enjoyable experience working with Gene and the team at ACN
during the past six years. I look forward to following ACN's
continued progress in the years ahead." About American Community
Newspapers Inc. ACN is a community newspaper publisher in the
United States, operating within four major U.S. markets:
Minneapolis - St. Paul, Dallas, Northern Virginia (suburban
Washington, D.C.) and Columbus, Ohio. These markets are some of the
most affluent, high growth markets in the United States, with ACN
strategically positioned in many of the wealthiest counties within
each market. ACN's goal is to be the preeminent provider of local
content and advertising in any market its serves. In these markets,
ACN publishes three daily and 83 weekly newspapers, each serving a
specific community, and 14 niche publications, with a combined
circulation of approximately 1.4 million households. In addition,
ACN's locally focused Web sites have average monthly page views and
visitors of approximately 5.1 million and 1.3 million,
respectively, extending the reach and frequency of its products
beyond their geographic print distribution area. Forward-Looking
Statements This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act,
with respect to ACN's future financial or business performance,
strategies and expectations. Forward- looking statements are
typically identified by words or phrases such as "trend,"
"potential," "opportunity," "pipeline," "believe," "comfortable,"
"expect," "anticipate," "current," "intention," "estimate,"
"position," "assume," "outlook," "continue," "remain," "maintain,"
"sustain," " seek, " "achieve," and similar expressions, or future
or conditional verbs such as "will," "would," "should," "could,"
"may" and similar expressions. DATASOURCE: American Community
Newspapers Inc. CONTACT: Investors: Corey Kinger, ; Media, Joe
LoBello, , both of Brainerd Communicators, +1-212-986-6667
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