SOURCE: ShopNBC

ShopNBC

April 08, 2011 08:01 ET

ValueVision Broadens Management Talent Pool, Adding Three Multichannel Consultants Targeting Specific Areas of Opportunity

Rob Cochran to Focus on Enhancing IT Processes; Nancy Kunkle to Target Customer Retention Strategies and Streamlining New Product Development; Dennis Reustle to Optimize Merchandising and Commerce Initiatives

MINNEAPOLIS, MN--(Marketwire - Apr 8, 2011) - ValueVision Media, Inc. (NASDAQ: VVTV), a premium interactive retailer via TV, Internet and mobile operating under the "ShopNBC" brand, announced today the appointment of three multichannel veterans to provide strategic counsel on major information technology, process engineering, merchandising and customer service initiatives. The initiatives are aimed at driving incremental sales and improved operational performance and efficiency within the network's television, call center & customer service, Internet and mobile operations.

  • With over 30 years of senior level IT experience in the interactive retailing industry, Rob Cochran will focus on creating IT processes to enhance the customer experience and provide greater user interface.

  • Leveraging 25 years of logistics and customer operations experience, Nancy Kunkle will provide process-engineering advice aimed at further monetizing customer retention initiatives and streamlining product and content creation.

  • A multichannel veteran of 25 years, Dennis Reustle will focus on commerce and merchandising initiatives tied to a number of incremental revenue streams.

"To support and expand our talented leadership team, we are adding three impressive industry players on a strategic consulting basis to focus on several key priorities," said Bob Ayd, President of ShopNBC. "Having made great strides in turning around the business and improving the capital structure, opportunities to drive incremental revenue via business continuity, customer retention & service, merchandising processes, IT, and enhanced operations are now in our sights. We have tapped three highly capable executives to help support us in our growth strategies and execution. I have worked with all of them in the past; they are simply terrific. We are pleased to welcome Rob, Nancy and Dennis to the team, and we look forward to their contributions."

Rob Cochran is an acknowledged leader in the IT management industry with over 30 years of extensive leadership experience. Mr. Cochran spent 20 years at QVC, where he held several senior IT leadership roles, including CIO, where he successfully led teams on a global basis in applications development, technology services, information architecture, network services, operations, and end user services. Mr. Cochran was twice named one of the Top 100 CIO's in the U.S. by CIO Magazine.

Nancy Kunkle has 25 years of management and process-engineering experience in customer-focused initiatives. Ms. Kunkle has an impressive multichannel logistics background, focusing on technology, process and organization improvements as well as customer service and call center operations. She has 16 years of broad-based process management experience at The Boeing Company, serving most recently as Program Manager - Product Support, providing program management for supply chain processes and product development. Ms. Kunkle was with QVC for nearly a decade, having served multiple leadership roles in customer advocacy and call center operations, where she led a number of successful customer-focused, sales growth initiatives.

Dennis Reustle has over 25 years of executive experience in multichannel retailing. Having spent over 20 years at QVC, Mr. Reustle brings in-depth expertise and a track record of accomplishments, having served most recently as SVP New Business Development as well as in a number of leadership positions, including SVP & Director of Commerce at QVC - UK. Mr. Reustle currently serves as an Adjunct Professor in the Business Department at Eastern University in St. David's, PA.

About ValueVision Media/ShopNBC
ValueVision Media, Inc. (NASDAQ: VVTV) is a premium interactive retailer bringing high-quality merchandise to customers via TV, Internet and mobile, under the "ShopNBC" brand. At the end of fiscal year 2010, the ShopNBC television network reached over 78 million homes via cable and satellite and is streamed live at www.ShopNBC.com. Over 1.1 million active customers have utilized ShopNBC in the categories of Home & Electronics, Health & Beauty, Fashion & Accessories, and Jewelry & Watches, yielding 2010 revenues in excess of $560 million (over $230 million or 41.2% of which are Internet-based). Via the Company's "ShopNBC Anywhere" initiative, customers can interact and shop via TV, phone, mobile devices and online at www.ShopNBC.com and via Facebook, Twitter and YouTube.

Forward-Looking Information
This release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations regarding the completion and anticipated proceeds of the public offering. These statements are based on management's current expectations and accordingly are subject to uncertainty and changes in circumstances. Actual results and the timing of events may vary materially from those expressed or implied by such forward-looking statements due to various important factors, including, without limitation, risks and uncertainties related to the Company's business and the satisfaction of the conditions of the closing of the public offering. More detailed information about those factors is set forth in the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. The Company is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

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