19th May 2006 13:30
Danka Business Systems PLC19 May 2006 For Immediate Release May 19 2006 Danka Announces Appointment of New Directors Danka Business Systems PLC (LSE: DNK; NASDAQ: DANKY) - Danka Business SystemsPLC (NASDAQ: DANKY) today announced the appointment of Joseph E. Parzick andEric D. Muller of the Cypress Group, the majority holder of its 6.50% SeniorConvertible Participating Shares, to serve on the Company's Board of Directors,effective immediately. Jamie L. Singleton, formally of the Cypress Group, willstep down as a Director effective upon these new appointments. Mr. Parzick joined the Cypress Group as Managing Director in June 2003. He spentthe previous four years as a Managing Director in Morgan Stanley's FinancialSponsor Group. Prior to that, he was a Managing Director of EXOR America Inc., amerchant banking affiliate of the Agnelli Group. Mr. Parzick is also a Directorof the Meow Mix Company, Republic National Cabinet Corporation, and Stone CanyonEntertainment Corporation. Mr. Muller joined the Cypress Group as a Vice President in 2003. Previously, Mr.Muller was a Vice President in the investment banking division of Goldman, Sachs& Co. Mr. Muller focuses his efforts on Cypress' industrial and businessservices investments. "We are delighted with the appointment of Joe and Eric to our Board ofDirectors," commented A.D. Frazier, Danka's Chairman and Chief ExecutiveOfficer. "Each of them brings a wealth of knowledge and experience which will bemost beneficial as we embark on this new chapter in the company's history. Wealso thank Jamie for his many years of exemplary service to Danka and we wishhim well in his new endeavors." About DankaDanka delivers value to clients worldwide by using its expert technical andprofessional services to implement effective document information solutions. Asone of the largest independent providers of enterprise imaging systems andservices, the company enables choice, convenience, and continuity. Danka'svision is to empower customers to benefit fully from the convergence of imageand document technologies in a connected environment. This approach willstrengthen the company's client relationships and expand its strategic value.For more information, visit Danka at www.danka.com. - ends - For further information please contact:Danka Business Systems PLCCheley Howes, Danka Investor Relations 001 727 622 2760Paul Dumond, Danka London 020 7605 0154 Weber Shandwick Square MileJames Chandler/Helen Thomas 020 7067 0700 Danka is a registered trademark of Danka Business Systems PLC. All othertrademarks are the property of their respective owners. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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