Bassett Outlines Outdoor Strategy - Seite 3

“In addition to the significant investment in property and equipment that we have made to compete in the outdoor field, we have assembled a terrific management team to lead the effort,” commented Spilman.

The management team is as follows:

Mark Jordan – General Manager Bassett Outdoor Division
Mark has 21 years of experience with Bassett, including 15 years as SVP Bassett Upholstery Division where he led a remarkable transformation of Bassett’s manufacturing methods which generated solid growth for the Company.  Prior to joining Bassett in 1999, Mark had spent his entire career with Ethan Allen.

Robert Spilman – Director of Sales Lane Venture
Robert joined Bassett in 2018 to lead the sales effort at Lane Venture.  Working with the LV sales force and the entire team, he helped drive a 30% increase in LV sales in 2019.

Patti Frye – Creative Director LV/Bassett Outdoor
Patti has been with LV since 1988 and has been instrumental in the successful years that the Company enjoyed through her merchandising talent and fabric selection skills.

Matt Scallions – Director of Design & Product Development Bassett Outdoor
Matt joined Bassett in October 2018 and has designed and developed the Bassett Outdoor line.  Matt spent seven years in product design with Summer Classics prior to joining the Bassett team.

Jon Bennett – General Manager Bassett Outdoor Alabama
Jon was a partner and Managing Director of Crimson Casual, the outdoor firm that Bassett acquired late last year.  His new responsibilities include running the operations of the Haleyville facility and the financial responsibility for Bassett Outdoor Contract.

About Bassett Furniture Industries, Inc.

Bassett Furniture Industries, Inc. (NASDAQ:BSET), is a leading manufacturer and marketer of high quality home furnishings. With 100 company- and licensee-owned stores at the time of this release, Bassett has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. Bassett’s retail strategy includes stylish, custom-built furniture that features the latest on-trend furniture styles, free in-home design visits, and coordinated decorating accessories. Bassett also has a traditional wholesale business with more than 700 accounts on the open market, across the United States and internationally and a logistics business specializing in home furnishings.  For more information, visit the Company’s website at bassettfurniture.com. (BSET-E)

J. Michael Daniel, Senior Vice
President and Chief Financial Officer
[phone] - Investors

Peter D. Morrison, Vice President of
Communications
[phone] – Media