The Tile Shop, Inc. announced the appointment of Mr. Timothy Clayton to the position of Chief Financial Officer of Tile Shop Holdings, Inc. This appointment will be effective upon the closing of the Business Combination, which is expected to occur on or about August 16, 2012. Mr. Clayton has over 30 years of significant financial and business experience as a Chief Financial Officer and former auditor for many publically traded companies. Much of Mr. Clayton's experience has been with high growth companies. His focus has been on supporting rapidly growing companies in the areas of financial reporting, capital markets, strategic planning and investor relations. Recently, Mr. Clayton has served as CFO for Sajan, Inc. Previously, Mr. Clayton served as the chief financial officer of ADESA, Inc.