OKLAHOMA CITY, Feb. 15, 2005 (PRIMEZONE) -- Leisure Shoppers, Inc. (Pink Sheets:LSHP), today announced the reappointment of LaRue Waxley as its Executive Vice President. Mrs. Waxley, in her first term as Executive VP, was instrumental in the development of the Company's consumer goods membership program. This program was originally established in conjunction with current CEO Roy Thornhill, Jr. Mrs. Waxley brings to Leisure Shoppers several years of management experience in the sales and marketing industry, gained in part through her tenure as Regional Manager at National Affiliated Investor Life.
Mrs. Waxley re-joins Leisure Shoppers with the intention of enhancing the Company's membership program in order to increase the membership base and overall revenue derived from the program. Mrs. Waxley stated: "I am pleased to accept this re-appointment as Leisure Shoppers' Executive Vice President. I am confident that I can assist the Company to achieve its revenue and profit targets from the membership program in short order. Several initiatives will be implemented in the coming months to increase the attractiveness of the program and raise its exposure in the multi-billion dollar consumer goods market."
About Leisure Shoppers Inc.
Leisure Shoppers Inc. is a membership organization established to promote the purchase of consumer goods and services by its members at discount prices. The Company is dedicated to providing its members with benefit packages that offer savings of up to 60% on goods and services that they purchase everyday from major retailers such as Wal-Mart, J.C. Penney, Rite Aid, etc. Members of Leisure Shoppers will have the advantage of a home shoppers and services network and be provided with company catalogs and a 1-800 number to allow them to shop from the comfort and convenience of their home. By continually enhancing its membership program and obtaining new and exciting benefits for its members, Leisure Shoppers' mission is to become the premier consumer goods membership organization in North America.
For more information please contact CEO Roy Thornhill, Jr. at 865-609-9817 or visit the Company website at www.leisureshoppers.com.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.