Enesco Group, Inc. (NYSE:ENC), a leader in the giftware, collectible, and home and garden decor industry, today announced that the Company will appoint Koreen Ryan as General Counsel and Secretary. Ryan formally joins Enesco on May 16, 2005. Most recently, Ryan was Senior Counsel for the South Asia / APMEA (Asia, Pacific, Middle East, Africa) Group of McDonald's Corporation (NYSE: MCD), a leading global foodservice retailer with more than 30,000 local restaurants in 119 countries. As Senior Counsel, Ryan provided guidance and counsel on all corporate, business and general legal matters both from a corporate and local market perspective in such countries as Brunei, Indonesia, India, Malaysia, the Philippines, Singapore and Thailand. Prior to being named Senior Counsel in November 2003, Ryan also was Corporate Legal Counsel for the Oak Brook, Illinois-based company. In this capacity, Ryan provided counsel regarding securities aspects of executive compensation and broad-based benefits and compensation, and advised management on SEC regulations. Her prior experience includes Incapital Holdings, LLC, in Chicago, Ill., where she was General Counsel, and with Arnstein & Lehr, also in Chicago, working in the Corporate Securities Transaction arena. Ryan began her legal career with the U.S Securities and Exchange Commission, Division of Enforcement at the Midwest Regional Office in Chicago, Ill. Ryan holds a Bachelor of Science degree from Indiana University in Quantitative Economics, as well as a Bachelor of Arts degree in English. She earned a Juris Doctorate degree from Valparaiso University School of Law in Indiana. "We are very pleased to name Koreen Ryan as Enesco's new General Counsel and Secretary. Her experience with regulatory compliance, securities transactions, banking, and international legal matters will be a valuable asset to the Company," said Cynthia Passmore-McLaughlin, president and CEO of Enesco. "We welcome her to Enesco and look forward to her guidance as we lay the foundation for growth as a public company." About Enesco Group, Inc. Enesco Group, Inc. is a world leader in the gift, collectible, and home and garden decor industries. Serving more than 40,000 customers globally, Enesco distributes products to a wide variety of specialty card and gift retailers, home decor boutique as well as mass-market chains and direct mail retailers. Internationally, Enesco serves markets operating in Europe, Australia, Mexico, Asia and the Pacific Rim. With subsidiaries located in Europe and Canada, and a business unit in Hong Kong, Enesco's international distribution network is a leader in the industry. The Company's product lines include some of the world's most recognizable brands, including Heartwood Creek by Jim Shore, Walt Disney Company, Walt Disney Classics Collection, Pooh & Friends, Nickelodeon, Bratz, Halcyon Days, Lilliput Lane, Border Fine Arts and Precious Moments, among others. Further information is available on the Company's web site at www.enesco.com. This press release contains various forward-looking statements that are based on management's current assumptions and beliefs and upon information currently available to management. The Company has tried to identify such forward-looking statements by use of such words as "expects," "intends," "anticipates," "could," "estimates," "plans," and "believes," and similar expressions, but these words are not the exclusive means of identifying such statements. Such statements are subject to various risks, uncertainties and other factors which could cause actual results to vary materially from those anticipated, estimated, expected or projected. Important factors that may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements include, but are not limited to: the Company's success in developing new products and consumer reaction to the Company's new products; the Company's ability to secure, maintain and renew popular licenses, particularly our licenses for Precious Moments, Cherished Teddies, Heartwood Creek and Disney; the Company's ability to grow revenues in mass and niche market channels; the Company's ability to identify and close on strategic acquisitions; changes in general economic conditions, as well as specific market conditions; fluctuations in demand for our products; manufacturing lead times; the timing of orders and shipments and our ability to predict customer demands; inventory levels and purchase commitments exceeding requirements based upon incorrect forecasts; collection of accounts receivable; changes in the regulations and procedures affecting the importation of goods into the United States; changes in foreign exchange rates; price and product competition in the giftware industry; variations in sales channels, product costs or mix of products sold; and, possible future terrorist attacks, epidemics, or acts of war. In addition, the Company operates in a continually changing business environment and does not intend to update or revise the forward-looking statements contained herein, which speak only as of the date hereof. Additional information regarding forward-looking statement risk factors is contained in the Company's reports and filings with the Securities and Exchange Commission. In light of these risks and uncertainties, the forward-looking statements contained herein may not occur and actual results could differ materially from those set forth herein. Accordingly, you should not rely on these forward-looking statements as a prediction of actual future results.
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