Danier Leather Inc.

Danier Leather Inc.

August 04, 2006 16:02 ET

Danier Leather Announces Resignation of Chief Financial Officer

TORONTO, ONTARIO--(CCNMatthews - Aug. 4, 2006) - Danier Leather Inc. (TSX:DL) announced today that Mr. Bryan Tatoff, Senior Vice-President, Chief Financial Officer and Secretary has resigned his position effective September 15, 2006 to take on a senior position with a non-competitive private company. Mr. Tatoff joined Danier in 1996 and was appointed Chief Financial Officer in 1997.

Jeffrey Wortsman, President and CEO of Danier Leather Inc. and the Board of Directors appreciate Bryan's many contributions to Danier over the past 9 1/2 years and wish him well in his future endeavours.

Danier is currently in the process of identifying and interviewing qualified candidates with a view to naming a successor to Mr. Tatoff in the near future.

About Danier

Danier Leather Inc. is a leading integrated designer, manufacturer, and retailer of high-quality leather and suede clothing and accessories. The Company's merchandise is marketed exclusively under the well-known Danier brand name and is available only at its 93 shopping mall, street-front, and power centre stores, and through its corporate sales division.

Note: This press release may contain forward-looking statements that involve risks, estimates, and uncertainties. Therefore, actual results may differ materially. Examples of such risks and uncertainties include those associated with product sales, demand for Danier's products, availability of raw materials, foreign sourcing and manufacturing, the class action lawsuit, continued growth of the leather apparel industry, and competition and other associated risks with Danier's business. For an expanded discussion of risks and uncertainties, please see the documents filed by Danier Leather Inc. with the Ontario Securities Commission. Danier disclaims any responsibility to update or revise such forward-looking statements whether as a result of new information, future events or otherwise.

Contact Information

  • Investor Relations Contact: Danier Leather Inc.
    Jeffrey Wortsman
    President and Chief Executive Officer
    (416) 762-8175, ext. 302
    (416) 762-7408 (FAX)
    Danier Leather Inc.
    Bryan Tatoff
    Senior Vice-President and Chief Financial Officer
    (416) 762-8175, ext. 328
    (416) 762-6072 (FAX)