SANTA ANA, Calif., Jan. 31, 2005 (PRIMEZONE) -- ACME Communications, Inc. (Nasdaq:ACME) announced today the appointment of John Conlin to the Company's Board of Directors, effective February 1, 2005. Mr. Conlin fills an existing vacancy in the Board and will be included in the nominees for election at the upcoming annual stockholders meeting later this spring.
Mr. Conlin, 46, is currently serving on the Board of Advisers of the privately-owned investment banking firm Montgomery & Company, and is also on the Board of Advisers of Cannell Capital Management, a San Francisco based hedge fund. Cannell Capital, which owns approximately 8.6% of the Company's stock, is one of ACME's largest shareholders. From 2001 through 2003, Mr. Conlin served as the Chief Executive Officer of Robertson Stephens, Inc., and as Chief Operating Officer from 1999 through 2001. Prior to that, he enjoyed a 16-year career at Credit Suisse First Boston, serving in a variety of executive roles in areas such as U.S. Institutional Sales, European Equities, and European Emerging Markets.
"John brings a wide range of impressive financial experience to the ACME Board of Directors," commented Jamie Kellner, Chairman and CEO of ACME. "As the former CEO of Robertson Stephens, as well as a former senior executive at Credit Suisse First Boston, John has deep knowledge and experience working in many different facets of the U.S. and international financial markets. John also has extensive transaction-related experience that will serve as an asset to ACME. We welcome John to our Board and look forward to working with him."
About ACME Communications, Inc.
ACME Communications, Inc. owns and operates nine television stations serving markets covering 3.7% of the nation's television households, making the Company the fourth largest affiliate group of The WB Television Network. The Company's stations are: KUWB-TV, Salt Lake City, UT; KWBQ-TV and KASY-TV, Albuquerque-Santa Fe, NM; WBDT-TV, Dayton, OH; WBXX-TV, Knoxville, TN; WIWB-TV, Green Bay-Appleton, WI; WBUI-TV, Champaign-Springfield-Decatur, IL; WTVK-TV, Ft. Myers-Naples, FL and WBUW-TV, Madison, WI. All of the Company's stations, except KASY-TV, a UPN affiliate, are WB Network affiliates. ACME's shares are traded on the Nasdaq Stock Market under the symbol: ACME.