Oct. 13, 2009 (Business Wire) -- Charles & Colvard, Ltd. (NASDAQ: CTHR), the sole manufacturer of moissanite jewels, The Most Brilliant Jewel in the World™, announced today the appointment of Thomas G. Pautz as its Vice President, Sales and Marketing. As a member of the executive management team, Mr. Pautz will play a key role in the development and execution of the Company’s short- and long-term strategic sales and marketing plans.
Mr. Pautz has 25 years’ sales and marketing experience in the jewelry industry where he has worked with manufacturers and large retailers. Most recently, Mr. Pautz was employed as Vice President – U.S. Sales by KTL, a Hong Kong-based jewelry manufacturer with operations in China. During his six-year tenure with the firm, Mr. Pautz grew sales in the United States ten-fold. Prior to this, Mr. Pautz was Vice President, Sales and Marketing with a U.S.-based jewelry manufacturer where he tripled sales in less than three years. Mr. Pautz earned a Bachelor of Science Degree from the University of Minnesota.
George R. Cattermole, Chairman of the Board and Interim Chief Executive Officer of Charles & Colvard commented, “Charles & Colvard is in a pivotal period as we solidify our sales and marketing strategies. We believe Tom’s past successes as well as his extensive industry knowledge will contribute to the successful execution of our strategic direction going forward. We are very excited to have someone of Tom’s caliber join us in the next phase of our evolution.”
About Charles & Colvard, Ltd.
Charles & Colvard, Ltd. (NASDAQ: CTHR), based in the Research Triangle Park area of North Carolina, is the global sole source of lab-created moissanite, a unique, near-colorless jewel that is distinct from other gemstones and jewels based on its exceptional fire, brilliance, luster, durability, and rarity. Charles & Colvard Created Moissanite is currently used in fine jewelry sold primarily through domestic and international retailers. For more information, please access www.moissanite.com or www.charlesandcolvard.com.
Charles & Colvard and Charles & Colvard Created Moissanite are registered trademarks of Charles & Colvard, Ltd.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Statements expressing expectations regarding our future and projections relating to products, sales, revenues, and earnings are typical of such statements and are made under the Private Securities Litigation Reform Act of 1995.
