Western Capital Resources, Inc. Announces Board Changes
February 22, 2012 at 03:27 am IST
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On February 17, 2012, Mr. Aldus H. Chapin II resigned his position on the Board of Directors of Western Capital Resources, Inc. Mr. Chapin was not a member of any committee of the board. Effective as of the same day, the remaining directors on the board appointed Mr. Thomas H. Ripley to fill the board vacancy created by Mr. Chapin's resignation. The Board of Directors does not currently have any plans to appoint Mr. Ripley to serve on any specific board committees.
Western Capital Resources, Inc. is a holding company. The Company's segments are Cellular Retail, Direct to Consumer, Manufacturing and Consumer Finance. The Cellular Retail segment consists of an authorized Cricket Wireless dealer and involves the retail sale of cellular phones and accessories to consumers through its subsidiary PQH Wireless, Inc. and its subsidiaries. The Direct to Consumer segment consists of an online and direct marketing retailer and distributor of live plants, seeds, holiday gifts and garden accessories under the Jackson & Perkins, Park Seed and Wayside Gardens brands, and home improvement and restoration products operating under the Van Dyke's Restorers brand. The Manufacturing segment consists of Swisher Acquisition, Inc., a manufacturer of lawn and garden power equipment and emergency safety shelters. The Consumer Finance segment consists of retail financial services conducted through its subsidiaries, Wyoming Financial Lenders, Inc. and Express Pawn, Inc.