20th Jul 2006 15:00
Hot Tuna (International) plc20 July 2006 Press Release 20 July 2006 Hot Tuna (International) PLC ("Hot Tuna" or "the Company") Directorate Change Hot Tuna (International) PLC (AIM:HTT), a lifestyle apparel brand with authenticsurf heritage, announces that Marcus Gracey has offered his resignation, forpersonal reasons, from the Board of Hot Tuna. In line with Marcus Gracey'scontract, he will remain working for the Company until 30 July 2006. Ranjit Murugason, Chairman of Hot Tuna, said: "Marcus has given excellentservice to Hot Tuna since he joined us and the Board would like to thank him forhis valuable contribution. Hot Tuna remains on track to take a significantmarket share in the surf lifestyle market and I am confident that our currentmanagement team is capable of fulfilling the Company's ambitions." - Ends - For further information:Hot Tuna (International) PLCRanjit Murugason, Chairman Tel: +44 (0) 20 7372 [email protected] Seymour Pierce LimitedSarah Wharry / Parimal Kumar Tel: +44 (0) 20 7107 [email protected] www.seymourpierce.com Media enquiries:AbchurchChris Lane / Laura Riascos de Castro Tel: +44 (0) 207398 [email protected] www.abchurch-group.com Notes to Editors Hot Tuna International PLC (AIM: HTT) owns the rights to the Hot Tuna brand, aprogenitor of global youth fashion, born in Australia with a heritage ofauthentic surf culture. Hot Tuna is one of the world's most iconic names in surf lifestyle and can traceits roots back to 1969 when it was founded by a surfer and his fashion designerwife. The label has not been actively marketed over for the last decade, but hasmaintained an organic cult status among the core surf and sports enthusiasts. In June 2005, Hot Tuna International PLC purchased the 'Hot Tuna' brand from aconsortium of investors, listed it on AIM in September 2005, and has sincestarted to aggressively market the brand and reinvigorate the business. TheCompany now owns all intellectual property rights to its name and relatediconography, and has in place key management drawn from the executive ranks ofQuiksilver, O'Neill and Ocean Pacific, among others. While headquartered in the UK, Hot Tuna operates its design, manufacturing,marketing and distribution hub in the USA. Hot Tuna sells product, which itdirectly manufactures in facilities in the USA, the European Union and in China. Hot Tuna maintains offices in Sydney, Los Angeles and London. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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