SOURCE: Spiral Toys

Spiral Toys

May 27, 2015 09:00 ET

Spiral Toys Appoints Interim Chief Financial Officer

LOS ANGELES, CA--(Marketwired - May 27, 2015) - Spiral Toys (OTCQB: STOY), a leading provider of mobile-connected wireless entertainment products, has appointed Gina Fabiano as interim chief financial officer, succeeding Robert Stewart.

Fabiano has been serving as a business development and financial consultant to Spiral Toys, having worked closely with executive management since April of 2014.

Prior to Spiral Toys, Fabiano worked at Process Drive Trading, a proprietary quantitative trading group within Morgan Stanley, since renamed PDT Partners. She also held various strategic planning and management positions within the entertainment and nonprofit industries, as well as launched and operated a consumer products start-up company. Additionally, Fabiano has served in a number as roles related to capital formation, investor relations, budgeting and forecasting.

"As we conduct our search for a permanent CFO, Gina brings to this interim position strong financial knowledge and an entrepreneurial spirit," said Mark Meyers, CEO of Spiral Toys. "Her existing active role with the company allows for a smooth transition and continuity, as our business continues to accelerate."

About Spiral Toys
Founded by a former senior executive of Disney and Sony, Spiral Toys (OTCQB: STOY) is a California-based company focused on developing and marketing products and mobile applications in the mobile-connected space. Spiral's mobile-connected entertainment platform connects physical items to today's top mobile devices through wireless technologies, creating a new kind of interactive user experience.

Spiral sells its products worldwide, and is developing additional applications based on its platform technology for several different verticals within the entertainment industry. Spiral collects revenue on both the physical purchase of goods and the sale of digital content through Apple's App Store and the Google Marketplace. The company also acts as co-developer with major entertainment studios. For more information, visit www.spiraltoys.com.

Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws, including statements relating to expectations for the performance of Spiral Toys. The terms "expects," "would," "will," "believes," and similar terms are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by Spiral Toys in light of its experience and its perception of current conditions and expected future developments, as well as other factors that Spiral Toys believes are appropriate in the circumstances. Many factors could cause Spiral Toys' actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. These risk factors and others relating to Spiral Toys that may cause actual results to differ are set forth in Spiral Toys' periodic filings with the U.S. Securities and Exchange Commission (copies of which filings may be obtained at www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on Spiral Toys' forward-looking statements. Spiral Toys has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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