Digital Shelf Space Appoints Former President of Lionsgate Films and Founder and Former CEO of THINKFilm to its Board of Dire...
28 June 2011 - 10:30PM
Marketwired
Digital Shelf Space Corp. (the "Company" or "DSS") (TSX VENTURE:
DSS) is pleased to announce that effective June 27, 2011 Mr.
Jeffrey Sackman has been appointed to the Company's Board of
Directors. Mr. Sackman, was formerly the President of Lionsgate
Films for 6 years and also founded and served as the CEO of
THINKFilm until 2008. Mr. Sackman also sits on the board of
Rainmaker Entertainment and has recently co- founded and launched a
new company called Hollywood Suite Inc., where he also serves as a
member of the board.
Mr. Sackman stated, "I am very pleased to join the Board at DSS
at this early stage. The Company's initial product GSP RUSHFIT is
very impressive, and has done incredibly well in such a short
period of time. I have been in the business for over 20 years, and
management at DSS has developed a unique strategy for the direct to
home entertainment marketplace. I am excited to be working with
this management and board as we work to establish something special
over the coming years."
The Company granted Mr. Sackman, subject to regulatory and
shareholder approval as applicable, effective July 1, 2011, a total
of 250,000 incentive stock options. The stock options are
exercisable to acquire one common share of Digital Shelf Space at
$0.12 per share and can be exercised until June 30, 2016.
"We are very honored and pleased to have Jeff join our team. He
has knowledge and experience in every facet of the entertainment
production and distribution business," said Mr. Jeffrey Sharpe, CEO
and President of DSS. "To have the ability to access Jeff's
experience on a regular basis is a real luxury, especially when you
consider what he has accomplished over the past 20 years in our
industry."
About Jeffrey Sackman
As Founder, President and Chief Executive Officer of THINKFilm,
Jeff was involved with every aspect of the company's growth and
development, culminating in a sale of the company in October 2006,
five years from inception. Prior to founding THINKFilm, Jeff was
the President of Lionsgate Films for six years. Jeff successfully
led Lionsgate into the crucial and highly competitive U.S. market,
a first for a Canadian based entity, structured and negotiated
rarely available output arrangements with Universal Studios, Home
Box Office and Bravo, created and grew three profitable video
companies, and executive produced nearly fifty films, including
Buffalo 66 and American Psycho. Prior to that, he was a Principal
at Cinepix Film Properties which was sold into what is now
Lionsgate, as well as Vice President at Cineplex Odeon from
1987-1991. Jeff has recently co-founded and also sits on the board
of Hollywood Suite Inc., as well as serves on the board of
Rainmaker Entertainment.
About Digital Shelf Space Corp.
Digital Shelf Space is an independent producer of home
entertainment content and online delivery technology provider to
digital retailers, content owners and aggregators. Digital Shelf
Space's proprietary technology platform has been custom built to
deliver home entertainment content directly to consumers. The
platform blends e-commerce functionality and paid DVD, digital
download and streaming video delivery. For more information please
visit www.digitalshelfspace.com and to view our recently launched
project with Georges St-Pierre, please visit
www.gsprushfit.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 Digital Shelf Space's home entertainment content and online
delivery technology.
In connection with the forward-looking information contained in
this news release, Digital Shelf Space has made numerous
assumptions, regarding, among other things, our delivery platform
and the use of celebrity fitness products. While Digital Shelf
Space considers these assumptions to be reasonable, these
assumptions are inherently subject to significant uncertainties and
contingencies.
Additionally, there are known and unknown risk factors which
could cause Digital Shelf Space's actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information contained herein. Known risk factors
include, among others: reliance on the health and marketability of
celebrity fitness talent in productions owned by Digital Shelf
Space; actual results from the use of celebrity fitness products
may differ substantially from anticipated results; the substantial
investment of capital required to produce and market video and
entertainment productions, limitations imposed by our financing
abilities, unpredictability of the commercial success of our
programming, difficulties in integrating technological changes and
other trends affecting the entertainment industry.
A more complete discussion of the risks and uncertainties facing
Digital Shelf Space is disclosed in Digital Shelf Space's Filing
Statement dated November 16, 2010 and continuous disclosure filings
with Canadian securities regulatory authorities at www.sedar.com.
All forward-looking information herein is qualified in its entirety
by this cautionary statement, and Digital Shelf Space disclaims any
obligation to revise or update any such forward-looking information
or to publicly announce the result of any revisions to any of the
forward-looking information contained herein to reflect future
results, events or developments, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
Contacts: Digital Shelf Space Corp. Jeff Sharpe President &
CEO 604.736-7977 604.736-7944 (FAX) jeff[at]digitalshelfspace.com
www.digitalshelfspace.com Investor Cubed Inc. Investor Relations
(647) 258-3311 or Toll Free: (888) 258-3323 (416) 363-7977 (FAX)
info[at]investor3.ca
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