25.4.2000
Liker Brings a Wealth of Professional Business Experience to Team's High-Powered Board of Directors; Prestigious Business Titles Include Founding Director of First Charter Bank and a Member of the Board of Directors of Herbalife International
Alan D. Liker, a respected business and legal expert, former law professor at Harvard Law School, member of the Board of Directors of the Shaklee Corporation, and founding Director of First Charter Bank has joined the Board of Directors of TEAM Communications Group, Inc. (Nasdaq:TMTV) (Neuer Markt:TME), it was announced today by Drew S. Levin, TEAM Chairman of The Board and Chief Executive Officer.
Liker, also a senior advisor to the Founding Family of Budget Rent-A-Car Worldwide, brings a wealth of corporate, legal and tax expertise to TEAM's prestigious Board of Directors. A graduate of New York University's Law School, Liker served as Principal of Xerox Development Corporation (XDC), a captive investment banking house and wholly owned subsidiary of Xerox, for four years. At XDC, he was instrumental in the landmark X-Ten Rulemaking as well as acquisitions of companies such as Shugart, Western Union International, and more than 20 venture investments including Apple Computer and Paradyne.
Liker is currently on the Board of Directors of Herbalife International and its Audit and Finance Committees. He has also been appointed to the Board of Directors of several foreign subsidiaries of Herbalife in Japan, Hong Kong, the Philippines, Korea and France. In addition, Liker served as Senior Tax Partner at Keating and Sterling, a Los Angeles based law firm, and later became a founding partner of Nelson, Liker and Merrifield, a full service corporate finance law firm. He was also a Senior Tax Partner at Manatt, Phelps, Rothenburg and Tunney, and a successor law firm currently named Jeffer, Mangels, Butler and Marmaro.
"Alan's decision to join TEAM is a landmark decision for our company and shareholders," said Levin. "His professional expertise in the public arena and corporate finance skills are critical components in TEAM's ongoing emergence as a leader in global entertainment. I look forward to working with Alan and drawing upon his diverse skills as we continue to build TEAM as a profitable content supplier for the worldwide market."
The Board of Directors for TEAM Communications Group also includes Drew S. Levin, Chairman and Chief Executive Officer, Russell Barry, former President and Chairman of Turner Program Services, and Michael J. Solomon, Chief Executive Officer of Solomon Broadcasting International and former President of Warner Brothers International Television.
TEAM Communications Group, Inc. (Nasdaq:TMTV) is a leading global production and distribution company specializing in family, action, adventure and reality-based programming for worldwide distribution. TEAM Communications Group currently owns and distributes over 3,500 hours of programming worldwide.
The Company also produces a wide variety of programming for leading U.S. and international broadcasters. TEAM's current co-productions include: "Total Recall: 2070" with Alliance Atlantis, Canada and Pro Sieben, Germany; Jack London's "Call of the Wild," an original dramatic series co-production for Discovery's Animal Planet; "World's Most Mysterious Places" and "Destination: Style" for Discovery's Travel Channel; "Wild Lifestyles" for Animal Planet and "So You Think You're Funny," with Pearson Television.
TEAM maintains offices in Los Angeles, London and Munich and its shares trade on NASDAQ (TMTV), and on the German Neuer Markt (TME).
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release (as well as information included in oral statements or other written statements made or to be made by TEAM Communications Group, Inc.) contains statements that are forward-looking, such as statements relating to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of TEAM Communications Group, Inc. For a description of additional risks and uncertainties, please refer to TEAM Communications Group, Inc. filings with the Securities and Exchange Commission, including Forms 10-K and 10-Q.
CONTACT: United States:
TEAM Communications Group, Inc., Los Angeles
Drew S. Levin, Chairman & Chief Executive Officer
310/312-4400, 310/312-4401 (fax)
www.teamtv.com
or
United Kingdom:
TEAM Dandelion, Ltd., London
Noel Cronin, Managing Director
011-44-181-863-1888, 011-44-181-863-0463 (fax)
nc@teamd.co.uk
or
Germany:
TEAM Entertainment Germany, Munich
Stefan Forstner, Managing Director
011-4989-24-4409-0
011-4989-24-4409-99 (fax)
forstner@team-entertainment.de
or
U.S. Investor Relations:
Investor Relations Services, Inc., New Smyrna Beach, FL
Ray Hutchison, 904/409-0200
904/409-0043 (fax)
invrel@ix.netcom.com
or
U.K. Investor Relations:
Value Management & Research, Ltd., Frankfurt
Mr. Albert Schander, Director, Corporate Finance
011-4961-9688-00-130, 011-4961-9688-00-155(fax)
aschander@vmr.de
or
U.S. Publicity
Morris Marketing, Inc., Toluca Lake, CA
Sheila Morris, President, 818/487-9300
818/487-9303 (fax)
sheila@morrispr.com
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