SOURCE: Summer Infant, Inc.

Summer Infant, Inc.

March 08, 2012 16:00 ET

Summer Infant, Inc. Announces Hire of Interim CFO

WOONSOCKET, RI--(Marketwire - Mar 8, 2012) - Summer Infant, Inc. ("Summer Infant" or the "Company") (NASDAQ: SUMR), a global leader in premium juvenile products, today announced the hire and appointment of Edmund J. Schwartz as Interim Chief Financial Officer, effective March 12, 2012. Mr. Schwartz replaces former CFO Joseph Driscoll, who left the employ of the Company on March 2, 2011.

In this position, Mr. Schwartz will be responsible for ensuring the financial integrity of the corporation and leadership necessary to ensure that the company has the infrastructure, financial controls, administrative and reporting procedures and people in place to continue to grow the organization and ensure its financial strength.

"We are pleased to announce the addition of Ed Schwartz to the Summer Infant senior management team as Interim CFO," commented Jason Macari, Chairman and Chief Executive Officer of Summer Infant. "As an experienced financial executive with over 25 years of CFO experience in various industries ranging from the manufacture and distribution of consumer products in household appliance to automotive parts, disposable diaper market sectors and restaurant concepts brands, he provides both broad and deep expertise in various retail product distribution channels that include 'big box' retailers, clubs, and specialty distribution outlets. Ed also has extensive experience in acquisitions, working with banks and investors in the structuring of credit facilities, and in product rationalization and improvement studies.

"We look forward to working with Ed and believe his contributions will be instrumental as we work to continuously improve our financial and operational capabilities, thereby ensuring Summer Infant's ongoing successful business development and profitability."

About Summer Infant, Inc.
Based in Woonsocket, Rhode Island, the Company is a designer, marketer and distributor of branded durable juvenile health, safety and wellness products (for ages 0-3 years) that provide innovative solutions and peace-of-mind for today's parents and caregivers. Sold principally to large U.S. retailers, the Company currently offers proprietary products in a number of different categories, including nursery audio/video monitors, safety gates, feeding and teething products, durable bath products, bed rails, nursery products, booster and potty seats, infant bedding, bouncers, travel accessories, highchairs, swings, nursery furniture and car seats.

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