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For Immediate Release
Contact: Linda Barba, Project Marketing, Inc., 610-889-2036 or via e-mail at lbarba@projectmarketinginc.com
DMW
Executives Purchase the Agency
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January 2, 2002 – Wayne, PA – Senior management has
purchased DMW from its parent
corporation, DIMAC Marketing Partners.
DMW is a leading direct response agency
with offices in Philadelphia and Boston.
The management group led by Warren A. Hunter, President and
CEO, and Josie B. Clippinger, Executive
Vice President and CFO, includes five
other senior managers – all of whom
are seasoned direct marketers – and
all of whom lead different disciplines
within the agency. "It is this
experience and long-term connection to
our clients and employees that make this
transaction so positive," explained
Hunter, who has been with the agency
since 1988. "We’ve been under a
corporate umbrella since 1995. It’s
great to now have the autonomy to put
the best interests of our clients and
employees at the forefront."
Clippinger reported that discussions for the buyout began
about five months after the agency’s
parent emerged from Chapter 11
bankruptcy protection in February 2001.
The sale was closed on December 28,
2001.
The other equity partners are: Tom Hurley, Managing Director
of the Boston Office and President,
Non-Profit Group; Gina Kneib, Senior
Vice President, Production; Linda Reed,
Senior Vice President, Strategic
Planning and Program Development; Bill
Spink, Executive Vice President, Chief
Creative Officer; and Richard N. Tooker,
Senior Vice President, Database and
Interactive Marketing.
Also, at the time of the sale, DMW announced the outside
directors to serve on its Board. Former
DMW CEO Steve Isaac was named Chairman.
Other board members are Jonathan
Lambert, Chairman of Acton
International, and Terry John, CFO of
Electronic Health Information.
DMW includes among its clients numerous BlueCross BlueShield
plans nationwide, more than 50 public
television stations, SunGard Recovery
Services Inc., Upland Mortgage,
CSFBdirect and the American Humane
Association.
The terms of the sale were not disclosed.
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