Summer Infant, Inc.'s Board of Directors Separates Roles of Chairman and Chief Executive

Summer Infant, Inc.'s Board of Directors Separates Roles of Chairman and Chief 
Independent Director Dan Almagor Elected Non-Executive Chairman;
President and CEO Jason Macari Continues as Board Member 
WOONSOCKET, RI -- (Marketwire) -- 01/28/13 --   Summer Infant, Inc.
(Summer Infant) (NASDAQ: SUMR), a global leader in premium infant and
juvenile products, today announced that it has separated the
positions of Chairman of the Board of Directors and Chief Executive
Officer. Dan Almagor, an independent, non-executive member of the
Summer Infant Board since November 2009, has been elected to the
position of Chairman. Almagor has significant experience as a
chairman, chief executive officer and board member for public and
private companies and has particular expertise in financial and
strategic business development. He will work with Chief Executive
Officer Jason Macari and the entire board on improving operational
excellence across the organization to enhance shareholder value.  
"We are separating the Chairman and CEO positions to further
strengthen our corporate governance in a manner consistent with board
best practices, and I am delighted to have been appointed as
Chairman," Almagor said. "We have significantly enhanced our
governance over the past six months with the appointment of two new
directors, Carol Bramson and Max Batzer. The Board has benefitted
from Carol's financial and capital markets experience as well as
Max's capital markets background, extensive operational experience
and insights as portfolio manager of a long-time Summer Infant
shareholder. These skill sets complement the Board's substantial
industry experience, public company leadership and success in
strategic planning and value creation. Together with management, we
will execute a plan to maximize shareholder value." 
"Dan's leadership skills and successful experience on numerous boards
will be a great asset to Summer Infant," said Macari. "Dan and I have
developed an excellent working relationship since he joined the board
and I have the highest level of respect for his integrity and his
dedication to the Company. Together with Dan and the board, we are
focused on returning Summer Infant to sustained growth and
profitability. We plan to create long-term sharehol
der value by
launching innovative products, building our brands, leveraging
customer relationships, expanding our footprint and executing
operational excellence." 
Almagor, 59, is an advisor and private investor. He recently served
on the Board of Directors of publicly held JAKKS Pacific, where he
was Chairman of the Audit Committee, Chairman of the Governance and
Nominating committee and a member of the compensation committee. From
1999 to 2005 Almagor was the Chairman and CEO of ACG International,
an affiliate of a $3 billion BankOne private equity fund. Prior to
that role, he had been Chairman and Chief Executive Officer for ID
B.V, and President and Chief Executive Officer for Kushi Foods.
Earlier in his career, Almagor held high level positions with RJR
Nabisco, General Kinetics and Peelle. Almagor is the author of
Business Visions, A Practical Guide for Strategic Decisions and
Shareholder Value Creation.  
About Summer Infant, Inc.
 Based in Woonsocket, Rhode Island, the
Company is a designer, marketer and distributor of branded durable
juvenile health, safety and wellness products (for ages 0-3 years),
which are sold principally to large U.S. retailers. The Company
currently sells proprietary products in a number of different
categories, including nursery audio/video monitors, safety gates,
durable bath products, bed rails, nursery products, booster and potty
seats, swaddling blankets, bouncers, travel accessories, highchairs,
swings, nursery furniture, infant feeding products, and car seats.
For more information about the Company, visit the website:  
Forward-Looking Statements 
Certain statements in this release that are not historical fact may
be deemed "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, and the Company intends that such
forward-looking statements be subject to the safe harbor created
thereby. These statements are accompanied by words such as
"anticipate," "expect," "project," "will," "believes," "estimate" and
similar expressions. These include statements regarding the execution
of the various elements of the Company's growth strategy and
returning Summer Infant to sustained growth and profitability. The
Company cautions that these statements are qualified by important
factors that could cause actual results to differ materially from
reflected by such forward-looking statements. Such factors
include the concentration of the Company's business with retail
customers; the ability of the Company to compete in its industry; the
Company's ability to continue to control costs and expenses; the
Company's dependence on key personnel; the Company's reliance on
foreign suppliers; the Company's ability to develop and market new
products; the Company's ability to meet required financial covenants
under its loan agreement; the Company's ability to integrate
strategic acquisitions; the Company's ability to restructure its
outstanding debt in a timely manner; and other risks as detailed in
the Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2011, and subsequent filings with the Securities and
Exchange Commission. The Company assumes no obligation to update the
information contained in this news release. 
David Calusdian
Sharon Merrill Associates, Inc.
Press spacebar to pause and continue. Press esc to stop.