WAYNE, PA -- (Marketwire) -- 09/01/11 -- International Commercial Television, Inc. (OTCQB: ICTL) (PINKSHEETS: ICTL) ("ICTV" or "The Company") a premier company employing prominently profiled infomercial campaigns to market and brand unique products to the global consumer through multi-channels of distribution, is announcing the following:
The Company filed an 8-K August 31st appointing Mr. Richard Ransom as the new President of ICTV. Mr. Ransom has been the Chief Financial Officer of ICTV since December 2008, and he will continue to hold that title. Mr. Ransom has a B.S. degree in Accounting from Penn State University and a Master of Business Administration degree from Delaware Valley College.
The policies that Mr. Ransom has implemented over the last eighteen months have helped return the Company to a profitable position as recorded by the 2011 10-Q as filed August 15, 2011. Kelvin Claney, Chairman and Chief Executive Officer, stated "Rich's accounting and MBA qualifications coupled with the deep marketing understanding he has gained of our industry will be a huge asset to ICTV moving forward. In addition, his age puts him in direct contact with the new and younger generation of direct marketers that are now leading the industry and capitalizing on the opportunities that have been created by the social media and digital age. As President, Rich is in a perfect position to cement relationships and develop sales and marketing initiatives with his peers that will propel ICTV forward into new markets within our industry."
International Commercial Television, Inc.'s stock is now listed on the OTCQB with the ticker symbol of ICTL. OTCQB consists of nearly 4,000 emerging companies that are current in their reporting obligations to the SEC or a U.S. banking regulator. The OTCQB provides investors and broker-dealers an electronic trading environment. Investors can trade OTCQB securities through their personal choice of broker-dealer and obtain real-time stock quotes from most online broker-dealers such as E*Trade, Fidelity, TD Ameritrade, Schwab, and Scottrade.
About International Commercial Television, Inc.
Headquartered in Wayne, Pennsylvania, International Commercial Television, Inc. is a rapidly expanding global consumer products company marketing unique and effective products in clearly defined market segments particularly health and beauty, fitness and leisure sports and children's products, with distribution channels in place in over 35 countries worldwide. The Company utilizes a distinctive marketing strategy and multi-channel distribution model to develop, market, and sell their products. Marketing and distribution of the Company's products is done through infomercials, live home shopping television, specialty outlets, online shopping, and other forms of distribution.
The matters discussed in this press release may contain "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). The Company intends that the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, apply to forward-looking statements made by ICTV. Undue reliance should not be placed on forward-looking statements as they may involve risks and uncertainties. The actual results that ICTV achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
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International Commercial Television, Inc.
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