LOS ANGELES, Jan. 23, 2007 (PRIME NEWSWIRE) -- Warning Management Services Inc. (PinkSheets:WNMI), a multi-facetted company devoted to visual marketing, advertising, event promotion and assisting small- to medium-size businesses announced today that it has made certain organizational changes that are intended to reduce certain operating expenses, improve operating efficiency, and strengthen its core businesses.
As part of these changes, Brian Bonar, CEO of Warning, has resigned as CEO of Warning. John Capezzuto, a director and COO of Warning, was appointed CEO of Warning, effective January 1, 2007. "We are pleased that Mr. Capezzuto, a seasoned industry specific executive, has accepted this position. We believe this organizational change will enable Warning to focus on its core competencies," said Brian Bonar, Warning's Chairman and former CEO. "We anticipate that Warning's growth through its divisions and future acquisitions will be quite dramatic in the coming year."
Mr. Capezzuto served as the President of the Solvis Group, formerly Quik Pix Inc., a publicly traded company, since its inception. Mr. Capezzuto resigned as President/CEO in May of 2005. Mr. Capezzuto's employment history includes various managerial positions in New York-based photographic labs. His duties included commercial and industrial photography, staging, graphic design, quality control and shoot coordination with agencies. He has also had extensive experience in point-of-purchase displays; visual marketing and trade show exhibit building. Over the last 15 years, he has been on the board of directors and/or served as an officer for the following public and private corporations: The Solvis Group, Exhibitronix Inc., Modular Display Systems, Inc., Tabery Corporation, Delta Transport, and American Distributing Company.
John Capezzuto, newly appointed CEO of Warning Management Services Inc., commented, "I am more than pleased with the team of professionals now with Warning. The modeling, talent, design, internet TV, graphic, and staffing personnel are some of the best 'hands on' management I have worked with. Additionally, I intend to appoint a new Chief Accounting Officer. This will allow us to accelerate our plan to complete our filings and apply for re-listing on the OTCBB. I would anticipate, barring any unforeseen problems, that we will reapply no later than the third quarter of 2007."
About Warning Management Services Inc.:
Warning Management Services, founded in 1998, through it's Uber Models and Warning Model Management divisions develops and supplies models for fashion editorials in magazines, catalogs and newspaper advertisements and for advertising clients who use models in posters, websites, billboards and other outlets. Warning Model Management (www.warningmanagement.com) models also make TV, video and personal appearances. Its other divisions include the speed magazine, the Uber Girl and Uber Vintage clothing.
The Company also owns Employment Systems, Inc. (www.employmentsystems.com), which provides staffing services, employer business solutions and business processing services to municipalities and small- and medium-size businesses throughout Southern California. Its customers outsource many administrative tasks associated with human resources management to Warning. Services include payroll processing, workers' compensation insurance, employee benefits (including 401k and health insurance plans), and business risk management.
About Uber-Warning Inc.
Uber-Warning Inc. (Uber-Warning Models) (www.ubermodels.com) founded in 1999, has provided and developed models for all aspects of the modeling and talent industry including print, runway, showroom and spokes modeling. In addition to direct booking, Uber has placed models with agencies worldwide. Warning Magazine (www.warningmagazine.com), launched in 2002 as part of Uber-Warning Inc., is a full color college entertainment magazine, available free to students and readers in 15 cities nationwide. 150,000 copies of Warning Magazine will be distributed seven times a year in Athens, Baton Rouge, Birmingham, Bloomington, Gainesville, Knoxville, Lafayette, Louisville, Los Angeles, Memphis, Nashville, New Orleans, Tallahassee, Tempe and Tuscaloosa. Readership demographic includes male and female audiences ages 17-29. Editorial focuses on trends, fashion, music, technology, relationship issues, career development, current events, social life, student concerns, health, dining and sports.
Ubergirl (www.theUbergirl.com), Uber-Warning Inc.'s talent division, supplies promotional models for special events, tradeshows and conferences. Additionally, Ubergirls are featured in film, television and commercials.
UberVintage (www.UberVintage.com) designs, sells and distributes vintage t-shirts and original design t-shirts. The products will be available online and in specialty boutiques nationwide.
Warning TV (www.Warningtv.tv) is a social networking community and a viral video network. Warningtv.tv will empower independent artists to showcase their works as wells create revenue for such works. The core demographic is ages 18-28.
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Dec. 31, 2002, and its subsequent filings with the SEC.