Wizard World, Inc. (WIZD) Names John Macaluso to New Position of Chief Executive Officer
Successful entrepreneur elevated to lead one of North America’s most diverse pop culture events brands
NEW YORK, March 26, 2012 – Wizard World, Inc. (symbol: WIZD) (“Wizard World” or the “Company”), one of North America’s most diverse digital entertainment and events companies, announced that John Macaluso, a successful businessman and entrepreneur, has been named the Company’s new Chief Executive Officer. He had previously been appointed to the Company’s Board of Directors (the “Board”) in May 2011.
As a Board member, Macaluso has been instrumental in Wizard World’s growth and expansion in the Comic con event space in the last year. Event attendance at Comic Cons in New Orleans and Chicago have risen, while the Company has refocused on its core assets, added new stars to its events and cut costs. The latest example of that revamped face was announced last week, with “Thor” and “The Avengers” star Chris Hemsworth added to a star-studded list of Philadelphia Comic Con guests in June, along with headliners such as Stan Lee, William Shatner and dozens of other stars of the pop culture industry. The Company’s next event will be held in Toronto, April 14-15.
“We are extremely pleased to announce the appointment of John Macaluso as Chief Executive Officer,” stated Mike Mathews, Wizard World Chairman. He continued, “John’s previous experience at founding and building a hundred-million dollar apparel company, contacts and entrepreneurial skills will certainly help the Wizard World brand expand its operations and sales base.”
John Macaluso stated, “I am excited to continue the momentum that the Wizard World Comic Con shows have built, and to help develop new strategies to take us to new levels of success. We have an outstanding lineup of events on the schedule with highly talented celebrities and artists and an outstanding team of professionals in place to maximize the Wizard World experience.”
A California resident, Macaluso has a long history of startup and entrepreneurial success. Most recently, his business reputation garment manufacturing company, California Concepts, sold its products to many of the major retailers in the United States, produced a private label for Wal-Mart and Target, sold branded goods to Federated Department Stores, serviced specialty chains such as Charming Shoppes and Maurice’s and purveyed an upscale label to Barneys New York. He sold the business in 2007, with Wizard World combining his great interest in both an entrepreneurship and the fast-growing world of pop culture and event entertainment.
About Wizard World:
Wizard World, Inc. produces Comic Cons and pop culture conventions across North America that celebrate graphic novels, comic books, movies, TV shows, gaming, technology, toys and social networking. The events often feature celebrities from movies and TV, artists and writers, and events such as premieres, gaming tournaments, panels, and costume contests.
Wizard World’s full event schedule can be found at www.wizardworld.com.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release relating to Wizard World, Inc.’s future plans, expectations, beliefs, intentions and prospects are “forward-looking statements” and are subject to material risks and uncertainties. When used in this press release, the words “will,” “future,” “expect,” “look forward to,” similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Wizard World that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur. A detailed discussion of these factors and other risks that affect Wizard World’s business is contained in its SEC filings, including its most recent reports on Form 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or by contacting Joe Favorito, Public Relations, at (917) 566-8345. All information set forth in this press release is current as of March 22, 2012. Wizard World undertakes no duty to update any statement in light of new information or future events.