Winmark Corporation (Nasdaq: WINA) announced today that it has named
Lawrence A. Barbetta to its Board of Directors. Larry has over 25 years
of successful leadership experience in organizations ranging from
entrepreneurial start-ups to some of the world’s largest software
companies. Currently, Mr. Barbetta is the Chief Executive Officer of
eLAB Analytics, a provider of cloud computing based industry-specific
business intelligence applications. Previously, Mr. Barbetta was the
Senior Vice President and General Manager at Siebel Systems, where he
was responsible for all aspects of the company’s analytics business.
Larry joined Siebel via its acquisition of nQuire Software, where he was
the Chief Executive Officer. Prior he was Senior Vice President and
General Manager at Platinum Technology when they acquired Prodea
Software, where he was the Chief Executive Officer.
John Morgan, Chairman and Chief Executive Officer, stated “We are
pleased to have Larry join our Board of Directors. He has extensive
experience working with entrepreneurial companies, particularly relating
to technology initiatives. His expertise will be highly valuable as we
continue to execute our business plan.”
Winmark Corporation creates, supports and finances business. At March
31, 2012, there were 939 franchises in operation under the brands
Plato's Closet®, Play It Again Sports®, Once Upon A Child®, and Music Go
Round®. An additional 50 retail franchises have been awarded but are not
open. In addition, at March 31, 2012, the Company had a lease portfolio
equal to $29.6 million.
This press release contains forward-looking statements within the
meaning of the safe harbor provisions of Section 21E of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), relating to
future events or the future financial performance of the Company
including statements with respect to our ability to finance the growth
of our leasing and franchising businesses for the foreseeable future.
Such forward-looking statements are only predictions or statements of
intention subject to risks and uncertainties and actual events or
results could differ materially from those anticipated. Because
actual result may differ, shareholders and prospective investors are
cautioned not to place undue reliance on such forward-looking statements.