Deer Consumer Products, Inc. Announces Resignation of Arnold F. Staloff from the Board of Directors
October 05, 2012 at 05:15 pm EDT
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Effective as of October 1, 2012, Arnold F. Staloff notified Deer Consumer Products, Inc. of his decision to resign as a member of the Board of Directors of the company, as Chairman of the Board's Audit Committee, and as a member of the Board's Compensation and Nominating and Corporate Governance Committees. Mr. Staloff's decision to resign was not a result of any disagreement with the company on any matter relating to the company's operations, policies or practices. As a result of the resignation of Mr. Staloff, the company is currently not in compliance with Listing Rules 5605(b)(1) and 5605(c)(2)(A) of the NASDAQ Stock Market LLC.
Deer Consumer Products, Inc. is a China-based designer, manufacturer and seller of small home and kitchen electric appliances. The Company develops, promotes, manufactures and sells a range of products, including blenders, juicers and soy milk makers. The Company's product lines include small household appliances and personal care products, such as blender, chopper, juicer, food processor, meat grinder, commercial blender, Ice shaver, chocolate fountain, ice maker, coffee maker, waste disposal, soy milk maker, egg boiler, dehumidifier, electric kettle, rice cooker, stove top and microwave oven. In China, the Companyâs products are sold primarily under the Deer brand name, as well as under one store brand for a retailerâs private-label programs. The Companyâs products for overseas consumer products companies are sold under various brand names, including Black & Decker and Betty Crocker Kitchens, as well as store brands for a retailerâs private-label programs.
DEER CONSUMER PRODUCTS, INC. 
