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'mktg, inc.' Announces Change in Management and Update on Financial Restatement and Current Performance
Tuesday, February 24, 2009 5:47 PM


NEW YORK, Feb. 24 /PRNewswire-FirstCall/ -- 'mktg, inc.' (Nasdaq: CMKG) announced today that on February 23, 2009, the Board of Directors of 'mktg, inc.' accepted the resignations of Charles F. Tarzian and Fred Kaseff, effective as of March 1, 2009, as the Company's Chief Executive Officer and Chief Financial Officer, respectively. In addition, Mr. Tarzian resigned from the Company's Board of Directors effective immediately.

In connection with these resignations, the Company promoted Charles Horsey from Chief Operating Officer to serve as the Company's President, and appointed James Haughton to serve as the Company's Vice President - Controller, in each case, effective as of March 1, 2009. Following Mr. Kaseff's departure, Mr. Haughton will serve as the Company's principal accounting officer until the Company appoints a Chief Financial Officer.

Mr. Horsey, 41, currently serves as the Company's Chief Operating Officer, a position he has held since December, 2008, and originally joined the Company as an Executive Vice President on June 30, 2008 upon the Company's acquisition of 3 For All Partners, LLC d/b/a mktgpartners. Mr. Horsey helped found mktgpartners in 2003 and served as its Chief Executive Officer from January 2007 until it was acquired by the Company. Under Mr. Horsey's leadership, mktgpartners' revenues grew to more than $14 million in 2007 in only its fourth full year of operation. Previously, from 1992 until co-founding mktgpartners, Mr. Horsey held various positions in the Contemporary Marketing division of Clear Channel Communications, Inc., culminating with his appointment as Chief Executive Officer of that division. In that latter capacity, Mr. Horsey integrated and was responsible for offices in New York, Atlanta, Charlotte and San Francisco, and oversaw significant growth.

Mr. Haughton, age 49, is a Certified Public Accountant and has been employed by the Company in its finance and accounting department since November 2007. Previously, from October 2005 to June 2007 Mr. Haughton was the Chief Financial Officer for National Retail Services, Inc. a full service provider of merchandising and retail marketing services. Prior to that, from January 2002 to October 2005 Mr.



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