SOURCE: ShopNBC

ShopNBC

April 26, 2010 16:01 ET

ShopNBC Announces Compliance of NASDAQ Marketplace Rule 4350

MINNEAPOLIS, MN--(Marketwire - April 26, 2010) -  ShopNBC (NASDAQ: VVTV), the premium lifestyle brand in multi-media retailing, today announced that Scott Garozzo has joined ShopNBC as Director of Jewelry. Mr. Garozzo previously served as Senior Vice President of Merchandising & Product Development at SHR & Simmons Jewelry Company. Prior to that, he held merchandising positions in the jewelry category at QVC and Lord & Taylor. 

In accordance with the NASDAQ Marketplace Rule 4350, Mr. Garozzo is being granted inducement stock options as of his first day of employment with ShopNBC, covering the right to purchase 25,000 shares of the company's common stock. The options will have an exercise price equal to the closing price of the company's common stock on the date of the grant.

About ShopNBC

ShopNBC is a multi-media retailer operating with a premium lifestyle brand. Over 1 million customers benefit from ShopNBC as an authority and destination in the categories of home, electronics, beauty, health, fitness, fashion, jewelry and watches. As part of the company's "ShopNBC Anywhere" initiative, customers can interact and shop via cable and satellite TV in 76 million homes (DISH Network channels 134 and 228; DIRECTV channel 316); mobile devices including iPhone, BlackBerry and Droid; online at www.ShopNBC.com; live streaming at www.ShopNBC.TV; and social networking sites Facebook, Twitter and YouTube. ShopNBC is owned and operated by ValueVision Media (NASDAQ: VVTV).

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