Lawndale Capital Mgmt's Andrew Shapiro Named to 2012 NACD Directorship 100

Among Leading Directors and Corporate Governance Experts to be Recognized at NYC Event on Nov. 27

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| Source: Lawndale Capital Management

MILL VALLEY, Calif., Oct. 5, 2012 (GLOBE NEWSWIRE) -- Andrew Shapiro, President and Portfolio Manager of Lawndale Capital Management, LLC, has been named to the 2012 National Association of Corporate Directors (NACD) Directorship 100 in recognition of his exemplary leadership in the boardroom and promoting the highest standards of corporate governance. Selected by the NACD Directorship Editorial Advisory Committee and the NACD Board of Directors, the NACD Directorship 100 recognizes the most influential leaders in the boardroom and corporate governance community.

"It is an honor to be recognized by NACD and to be included with such an esteemed group of dedicated corporate directors and corporate governance leaders," Andrew Shapiro said. "I look forward to continuing Lawndale's commitment to the highest principles of board leadership."

The full list of the 2012 NACD Directorship 100 honorees can be found at http://www.nacdonline.org/Directorship100/2012Honorees.cfm

"The NACD Directorship 100 honorees stand out from the crowd for the examples they set, the positive tone they create and the wealth of insights they bring to the boardroom," said Ken Daly, President and CEO of NACD. "These stewards of exemplary board leadership serve as role models for others, and it is important for NACD to recognize their contributions in the boardroom and to corporate governance."

The 2012 NACD Directorship 100 will be featured in the upcoming November/December issue of NACD Directorship magazine and recognized during a gala dinner at the sixth annual NACD Directorship 100 Forum on November 27, 2012 at the Marriott Marquis in New York City. To learn more about the 2012 NACD Directorship 100 and register to attend the gala dinner, visit www.NACDonline.org/Directorship100

Andrew Shapiro's Seeking Alpha profile and articles can be read at http://seekingalpha.com/author/andrew-shapiro

Follow Andrew Shapiro on Twitter at http://twitter.com/Lawndale1

About Lawndale Capital Management, LLC

Lawndale Capital Management, a San Francisco Bay Area-based investment advisor, has managed activist hedge funds focused on creating and unlocking shareholder value in small- and micro-cap companies for over 19 years. Lawndale applies a private equity approach through active and relational ownership of public company securities. In most investments, Lawndale plays a constructive relational role by actively working with boards and management teams to help them achieve their strategic and operating goals. In other instances, Lawndale is a direct value-unlocking catalyst, utilizing a range of tools that include aggressively promoting improvements in a company's governance and operational structures, proxy actions, asserting shareowner's legal rights and taking active roles in restructuring and buyout proposal negotiations.

The Lawndale Capital Management, LLC logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15048

Andrew Shapiro, President
Lawndale Capital Management, LLC
415-389-8258