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|Rosetta Stone Announces Change in Product Development Organization|
(Thomson Reuters ONE via COMTEX) --Rosetta Stone Announces Change in Product Development Organization
New Product Technology Leadership for Premier Language and Literacy Company
ARLINGTON, VA-November 29, 2013- Rosetta Stone Inc. (NYSE:RST) today announced the resignation of Chief Product Officer West Stringfellow and named Nick Macey the interim lead for its product organization, effective immediately. Stringfellow joined the company in 2012, overseeing a significant reorganization of Rosetta Stone's product development team and the introduction of several notable mobile and cloud-based products. Macey, who joined Rosetta Stone from PayPal, was previously the company's Vice President of Product Management.
"I want to thank West Stringfellow for his terrific effort here, and wish him well in his future endeavors," said Steve Swad, President and CEO of Rosetta Stone. "At the same time, I am delighted to welcome Nick Macey to my management team, where he is already well known as a valuable leader and expert counsel on many product and technology initiatives."
Macey will lead a product development team that has seen significant growth over the past 12 months, with new offices in several of the country's key technology hubs, including Austin, TX, San Francisco, CA, and Seattle, WA. Rosetta Stone is enjoying a resurgence of attention in the Education Technology industry as it has broadened its portfolio to encompass both language and literacy solutions, and has effectively leaned into the global shift toward online and mobile learning.
About Rosetta Stone Inc.
Rosetta Stone Inc. (NYSE: RST) is dedicated to changing the way the world learns. The company's innovative technology-driven language and reading solutions are used by thousands of schools, businesses, government organizations and millions of individuals around the world. Founded in 1992, Rosetta Stone pioneered the use of interactive software to accelerate language learning. Today the company offers courses in 30 languages, from the most commonly spoken (such as English, Spanish and Mandarin) to the less prominent (including Swahili, Swedish and Tagalog). In 2013, Rosetta Stone expanded beyond language and deeper into education-technology with its acquisitions of Livemocha and Lexia Learning. Rosetta Stone is based in Arlington, VA, and has offices in Harrisonburg, VA, Boulder, CO, Austin, TX, San Francisco, CA, Seattle, WA, Concord, MA, Tokyo, Seoul, London, Dubai and Sao Paulo.
For more information, visit www.rosettastone.com.
"Rosetta Stone" is a registered trademark or trademark of Rosetta Stone Ltd. in the United States and other countries.
Rosetta Stone Contacts:
Steve Somers, CFA
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Rosetta Stone via Globenewswire
|"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Rosetta Stone PR's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.|