iFresh Appoints New Independent Director
May 10 2017 - 2:27PM
iFresh Inc. (NASDAQ:IFMK) (“iFresh” or the “Company”), a leading
Asian American grocery supermarket chain and online grocer,
announced today that its Board of Directors has appointed Mr. Mark
C. Fang as an independent director, effective immediately. Mr. Mark
C. Fang will serve on the Audit, Compensation, and Nominating
committees. Mr. Fang will replace Mr. Xiangke Fang, who resigned
from the Board.
Mr. Fang is a New York attorney and the present
Director of the Department of Consumer Protection in Westchester
County. He previously served as the executive director of the
Westchester County Human Rights Commission. Mr. Fang is also a
former New York State Assistant Attorney General, Assistant
District Attorney in Westchester County, and Counsel to the
Consumer Affairs Committee of the New York City Council. Mr. Fang
is a commissioned officer in the United States Army Reserves
holding the rank of Lieutenant Colonel and a veteran of the
nation’s war on terrorism.
Mr. Long Deng, Chairman and Chief Executive
Officer of iFresh, commented, “On behalf of the Company, we
appreciate Mr. Xiangke Fang’s services to iFresh and thank him for
his contributions and commitment to the company.” Mr. Deng further
commented, “We are also pleased to welcome Mr. Mark C. Fang to the
Board as our new independent director. His expertise and experience
in law, regulatory and compliance systems, and issues in a full
spectrum of organizations from industry to government to the
military will greatly enhance the Board’s operations and oversight
and benefit our company as we expand our grocery operations and
create long-term value for our shareholders.”
About iFresh Inc.
iFresh Inc., headquartered in New York, New
York, is a leading Asian American grocery supermarket chain and
online grocer. With eight retail supermarkets along the US eastern
seaboard and two in-house wholesale businesses strategically
located in cities that have a highly concentrated Asian population,
the Company aims to satisfy the increasing demands of Asian
Americans for fresh and culturally unique produce, seafood and
other groceries that are not found in mainstream supermarkets. With
an in-house proprietary delivery network, online sales channel and
strong relations with farms that produce Chinese specialty
vegetables and fruits, iFresh is able to offer fresh, high-quality
specialty perishables at competitive prices to a growing base of
customers. For more information, please visit:
http://www.ifreshmarket.com/.
Forward-Looking Statement
This announcement contains forward-looking
statements. Forward-looking statements provide our current
expectations or forecasts of future events. Forward-looking
statements include statements about our expectations, beliefs,
plans, objectives, intentions, assumptions and other statements
that are not historical facts. Words or phrases such as
“anticipate,” “believe,” “continue,” “estimate,” “expect,”
“intend,” “may,” “ongoing,” “plan,” “potential,” “predict,”
“project,” “will” or similar words or phrases, or the negatives of
those words or phrases, may identify forward-looking statements,
but the absence of these words does not necessarily mean that a
statement is not forward-looking.
Contact:
ICR Inc.
Ms. Rose Zu
Phone: 1-347-436-8368
E-mail: rose.zu@icrinc.com
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