Guess?, Inc. Announces Nomination of Alex Yemenidjian, Former Chairman
and CEO of Metro-Goldwyn-Mayer Inc., to its Board of Directors
LOS ANGELES, April 15 /PRNewswire-FirstCall/ — Guess?,
Inc. (NYSE:_GES_ (aol://4785:GES/) ) today announced that Alex
Yemenidjian has been nominated for election at the Company’s annual
meeting of shareholders to be held on May 10, 2005 as a director for a
three-year term. Mr. Yemenidjian, age 49, served as Chairman of the
Board and Chief Executive Officer of Metro-Goldwyn-Mayer Inc. from
April 1999 to April 2005 and was a director of that company from
November 1997 to April 2005. Mr. Yemenidjian is currently Chairman of
the Board and Chief Executive Officer of Armenco Holdings, LLC and
also serves as a director of MGM MIRAGE (formerly MGM Grand, Inc.), a
position he has held since 1989. From July 1995 through December
1999, Mr. Yemenidjian served as President of MGM MIRAGE.
Guess?, Inc. designs, markets, distributes and licenses a lifestyle
collection of contemporary apparel, accessories and related consumer
products. At April 2, 2005 the Company owned and operated 289 retail
stores in the United States and Canada. The Company also distributes
its products through better department and specialty stores around the
world. For more information about the Company, please visit
_www.guess.com_ () .
Except for historical information contained herein, certain matters
discussed in this press release are forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
are only expectations, and involve known and unknown risks and
uncertainties, which may cause actual results in future periods and
other future events to differ materially from what is currently
anticipated. Factors which may cause actual results in future periods
to differ from current expectations include, among other things, the
continued availability of sufficient working capital, the successful
integration of new stores into existing operations, the continued
desirability and customer acceptance of existing and future product
lines (including licensed product lines), possible cancellations of
wholesale orders, the success of competitive products, and the
availability of adequate sources of capital. In addition to these
factors, the economic and other factors identified in the Company’s
most recent annual report on Form 10-K for the fiscal year ended
December 31, 2004 including but not limited to the risk factors
discussed therein, could affect the forward-looking statements
contained herein and in the Company’s other public documents.
Contact: Carlos Alberini President & Chief Operating Officer (213)
765-3582 Frederick G. Silny SVP & Chief Financial Officer (213)
765-3289 Wendi Kopsick Kekst and Company (212) 521-4800 SOURCE Guess?,
Inc.
04/15/2005 05:00 ET