AURORA, Ohio, March 2, 2015 /PRNewswire/ -- Ellis Yan today issued the following statement in response to the lawsuit recently filed by the General Counsel of TCP International Holdings Ltd (TCP), Laura Hauser:

It is with deep sadness and regret that I learned about this lawsuit.  I have assured all of the employees of TCP and other stakeholders in the company that the claims asserted against me are meritless. While I cannot comment on the specifics of the lawsuit, I have a very results-oriented leadership style. I am passionate about my work and TCP, I have high expectations of others, and it was that skill set that helped me build TCP from zero to more than $400 million a year in revenue.

I am fully cooperating with the Audit Committee of TCP's Board of Directors in its ongoing investigation.

The interests of TCP's shareholders, customers and employees are of paramount importance to me. I remain absolutely committed to the success of TCP. I have complete faith in our judicial system, and I look forward to resolving these disputes once I have the opportunity to present my side to these claims.

Forward Looking Statements

Certain statements in this release may constitute forward looking statements including those related to Ellis Yan's intentions and beliefs regarding claims filed against him.  Actual results may differ materially from those implied by such forward-looking statements, which are made only as of the date of this release, due to, among other reasons, the uncertain nature of litigation and judicial processes and developments with respect to the filed claims. Mr. Yan expressly disclaims any obligation or undertaking to update such forward-looking statements, except as required by law.

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SOURCE Ellis Yan