Appointment Completes Frisby Technologies Board of Directors
28 May 1998
Robert Grayson Appointment Completes Frisby Technologies Board of DirectorsBAY SHORE, N.Y., May 28 -- Robert C. Grayson, a well-known retailing executive, has been elected to the Board of Directors of Frisby Technologies, Inc. . Mr. Grayson brings to Frisby's board more than 25 years of top retail management experience with The Limited Stores and Tommy Hilfiger Corporation. According to Gregory S. Frisby, president and chief executive officer of Frisby Technologies, Inc., "Mr. Grayson has been a recognized success in the retail industry, credited with playing an integral role in the dynamic growth of The Limited and Tommy Hilfiger. We are pleased to gain access to his strong retail experience and track record as we fine-tune and implement our brand and retail support strategies." "I'm pleased to be of assistance to Frisby Technologies," said Mr. Grayson. "ComforTemp DCC products appear particularly well-suited to the retail apparel, footwear and sporting goods industries. I am pleased to support the dynamic team at Frisby as they build upon their successful efforts to date," he said. Mr. Grayson, who has served as vice chairman at Limited Stores, Lerner New York and Tommy Hilfiger, currently serves as a director on the boards of Ann Taylor, Sunglass Hut and Kenneth Cole. Mr. Grayson is also a partner in Leslie Berglass Associates, a New York based executive search firm. Mr. Grayson becomes the fifth member of the Frisby board, joining Domenico DeSole, president and chief executive officer of Gucci, Jeffry D. Frisby, president of Frisby Aerospace, a division of the Triumph Group, Pietro A. Motta, an international financial advisor, and the company's chairman and chief executive officer, Gregory Frisby. "The creation of this strong and distinguished board is in line with our commitment to establish ComforTemp(R) dynamic climate control products and Thermasorb(R) thermal additives as world class brands," Mr. Frisby said. Frisby Technologies Inc. is a developer of advanced thermal management solutions for the apparel, footwear and sporting goods, packaging, home furnishing, health care, automotive, aerospace and electronics industries. Headquartered on Long Island, NY, Frisby is currently creating innovative design opportunities for selected licensed partners within these industries based on its dynamic thermal regulating products. For more information about Frisby Technologies, Inc. visit http://www.frisby.com or http://www.comfortemp.com. This press release contains forward-looking statements that relate to Frisby Technologies' future plans and objectives. Those statements are subject to numerous risks and uncertainties that could cause actual results, performance and achievements to differ materially from those described or implied in the forward-looking statements, and reported results should not be considered an indication of future performance. These potential risks and uncertainties include without limitation the lack of an operating history upon which Frisby Technologies and its prospects can be evaluated, the need for future development of certain of Frisby Technologies' products, the development of alternative technologies by third parties, and the uncertainty of market acceptance and demand for such products in the future. These potential risks and uncertanities are detailed in Frisby Technologies' prospectus dated April 1, 1998 and the company's filing on Form 10-Q with the Security and Exchange Commission.