SAN LUIS OBISPO, Calif.–(BUSINESS WIRE)– November 26, 2014 7:00 AM
SpendSmart Networks, Inc. (SSPC) (“SpendSmart” or “the Company”), a provider of digital customer loyalty systems and services, today announced the appointment of John H. Eyler Jr. to its Board of Directors as an independent director. With the addition of Mr. Eyler, the Company’s Board of Directors increases to nine members.
Mr. Eyler served as chairman and CEO of Toys “R” Us Inc. from 2000 to 2005, during which time he restructured the balance sheet, upgraded talent, reduced expenses, rebuilt systems, renovated worn-out stores, and developed a state-of-the-art supply chain. From 1992 to 2000, Mr. Eyler was chairman and CEO of FAO Schwarz, Inc., and led the company to its most profitable year in its 133-year history in 1995 with strong results continuing through the end of his tenure. His lifelong career in retail included becoming chairman and CEO of May D & F at the age of 32.
Mr. Eyler received a bachelor’s degree in Finance from the University of Washington and an MBA from Harvard Business School.
Alex Minicucci, CEO of SpendSmart, stated, “We are pleased and honored that John is joining the SpendSmart Board. He brings an impressive retail background, which will be beneficial as we continuously enhance our marketing platforms to provide the greatest value to both our merchants and nearly 3 million consumers in North America. His industry experience will help us add enterprise brands, which also benefit from our unique mobile marketing and loyalty solutions. We look forward to working closely with John and benefitting from his counsel as SpendSmart continues to grow and develop.”
Mr. Eyler stated, “I joined SpendSmart’s Board because the Company’s business model offers sustainable, profitable traffic generation for the local retailer while delivering compelling value to the consumer. I also believe SpendSmart’s solutions have valid application with national brands, and I look forward to contributing to the growth and success of the Company.”
SpendSmart Networks provides proprietary loyalty systems and a suite of digital engagement and marketing services that help local merchants build relationships with consumers and drive revenues. These services are implemented and supported by a vast network of certified digital marketing specialists, aka “Certified Masterminds,” who drive revenue and consumer relationships for merchants via loyalty programs, mobile marketing, mobile commerce and financial tools, such as prepaid card and reward systems. Consumers’ dollars go further when they spend it with merchants in the SpendSmart network of merchants, as they receive exclusive deals, earn rewards and ultimately build a connection with their favorite merchants. For more information on SpendSmart, please visit www.spendsmartinc.com.
SpendSmart Networks Inc.
Alex Minicucci, CEO, 877-541-8398
Investor Relations Counsel:
The Equity Group Inc.
Carolyne Y. Sohn, 415-568-2255
Adam Prior, 212-836-9606