CoolSavings Names Kingery, Leech to Key Executive Positions
CHICAGO, Nov. 20, 2002- CoolSavings, Inc. (OTCBB: CSAV), a leading online direct marketing and media company, has announced the appointments of Charles M. Kingery as Senior Vice President of Sales, and Peter J. Leech as Vice President of Retail Partnerships.
As Senior Vice President of Sales, Kingery will lead the Company`s sales direction and more than 25 sales associates to help clients and partners identify and execute the most effective direct marketing campaigns to achieve their sales and marketing objectives. Bringing 25 years of sales and marketing management experience, Kingery most recently served as Executive Vice President and General manager of Client Sales and Customer Marketing for Information Resources Inc. (IRI), managing a $100 million business with a staff of 200. Prior to IRI, Kingery spent twenty years with Kraft/General Foods in various sales and marketing management roles. He is a graduate of Kenyon College.
As Vice President of Retail Partnerships, Leech will design on- and offline marketing programs to help grocery retailers drive sales and offer targeted co-promotions for their CPG manufacturer suppliers. As founder of his own company, The Equilum Group, a loyalty marketing services provider and consultancy, Leech helped leading retailers and manufacturers institute frequent shopper card marketing and customer relationships management initiatives. Prior to Equilum, Leech was a partner with The Partnering Group (TPG), a leading CPG/Retail management consultancy focused on category management and collaborative marketing process, analytics and program facilitation. Leech has also worked as a consultant to several global retailers on data -driven merchandising and marketing initiatives, including Ahold USA, Safeway, Sainsbury`s Supermarkets UK, Winn-Dixie Stores, ICA Supermarkets - Sweden, REWE Supermarkets - Germany, and Carrefour Hypermarkets - Spain. Leech began his career at Procter & Gamble in various sales management positions.
"Throughout their careers, these gentlemen have demonstrated leadership in building strong teams and successful client relationships. They will collaborate with our clients to find the most effective online and offline direct marketing solutions to drive profitable consumer traffic, increase revenue and build brand loyalty," said Matthew Moog, President and CEO of CoolSavings. "Charlie Kingery is a proven leader who has a successful career of providing clients with value and insight through fact-based selling and using analytic resources. Peter Leech brings focus and expertise to develop the right `package` of technology, marketing and sales to our increasingly important CPG clients and grocery retail partners. Both Charlie and Peter have dynamic ideas that will enable us to leverage optimal marketing opportunities across the board."
About CoolSavings
CoolSavings is an online direct marketing and media company that provides smarter solutions to connect marketers to their target consumers. Combining industry-leading analytics and incentive technology with superior customer service that emphasizes a consultative approach, we enable a wide variety of advertisers to identify their best customers among more than 20 million registered members and drive more effective campaign performance. CoolSavings` popular media property, coolsavings.com, is ranked the #1 coupon site on the Internet according to recent comscore Media Metrix reports.*
CoolSavings is a registered trademark of CoolSavings, Inc. Other product and company names herein may be trademarks of their respective owners.
*comscore Media Metrix, Jan.2000-Sept. 2002
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Statements in this press release regarding CoolSavings` business which are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company`s expectations, beliefs, hopes, intentions or strategies. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by CoolSavings, may cause CoolSavings` actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. For a discussion of some of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in CoolSavings` Form 10-K for the year ended December 31, 2001, filed with the SEC.
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