Austin Ligon Appointed Gazelle Chairman

BOSTON, April 7, 2011 /PRNewswire/ -- Gazelle (www.gazelle.com), the nation's largest consumer electronics RECOMMERCE service, announced today that its Board of Directors has appointed Austin Ligon to the position of Non-Executive Chairman of the Board.  Mr. Ligon has served as a Director since 2007 and assumes the newly created position effective immediately.  Mr. Ligon brings extensive retail experience and will be taking an active role in the continued development and execution of Gazelle's business strategy.

"Having served as the CEO or senior executive at several Fortune 500 companies during his career, the experience and relationships Austin has brought to Gazelle are invaluable," said Israel Ganot, co-founder and CEO of Gazelle.  "With the creation of this new Board position, we will be able to further leverage Austin's vision and industry knowledge as he takes a more active role in the development of Gazelle's business strategy.  I look forward to working closely with Austin to drive the concept of RECOMMERCE further into the retail industry and consumer mindset."

Mr. Ligon has more than 30 years of experience in the retail and service industries, most recently as the co-founder, president and CEO of CarMax, the nation's largest retailer of used cars, from its inception in 1991 until his retirement in 2006.  He has also served as Senior Vice President of Strategy for Circuit City and Marriott Corporation.  Earlier in his career, Mr. Ligon served as a senior consultant at Boston Consulting Group.

"Gazelle is an exciting company at the forefront of a nascent industry that is already attracting the attention and investment of some of the world's leading retailers," said Austin Ligon.  "I have been impressed by the breadth and depth of experience of Gazelle's Board and executive team and look forward to extending my role at Gazelle to further accelerate the Company's growth and emergence as a driving force in the retail industry."

ABOUT GAZELLE

Gazelle (www.gazelle.com), a service of Second Rotation, Inc., provides the easiest, fastest and safest way for consumers to get cash for their unwanted electronic devices. Gazelle takes the risk and effort out of selling electronic gadgets online and provides its users with benefits such as free shipping and packaging and comprehensive identity/data removal. To date, Gazelle has helped more than 150,000 consumers reCommerce their old gadgets to de-clutter their lives, earn quick cash and generally lead a greener lifestyle. Based in Boston, Gazelle is backed by premier venture capital firms Physic Ventures, Venrock Associates and RockPort Capital Partners.

PRESS CONTACT:
Michael Schneider
RF|Binder Partners
(212) 994-7546
[email protected]

SOURCE Gazelle