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TESS Skincare Announces New President

Posted: January 3, 2007
TESS Skincare, Inc. announced that Karen Smith-Pilkington has joined the company as president and general manager. The company also announced the completion of an oversubscribed Series B financing.

Smith-Pilkington joins TESS from Eastman Kodak Company, where she served as corporate senior vice president as well as chairman and president of the greater Asia region, with responsibility for Kodak's strategy and business operations across Asia. Over her 25-year career, Smith-Pilkington managed many of Kodak's large global businesses in the consumer, health and commercial/professional solutions markets. She had significant international experience, particularly across Asia.

"As we look to expand our market reach and grow our business in 2007, we welcome Karen's incredible expertise and demonstrated leadership skills," said Susan Shand, founder and CEO, TESS. "TESS has a unique product line with global appeal. In 2007, we intend to continue building the TESS brand and anticipate a significant increase in product sales."

"TESS has an exciting portfolio of skincare solutions uniquely designed for teens. It is a wonderful brand with fabulous products, eager consumers and a tremendously dedicated team," said Smith-Pilkington. "I see many opportunities to apply my business management experiences in building TESS to be an industry leader. Also, I see significant market potential for TESS outside of the U.S., as teens around the world are all concerned about their health and appearance."

In the fourth quarter, TESS closed its oversubscribed Series B round at $1.650 million. TESS initially set out to raise $1 million, and twice increased the round size to accommodate both new and existing investors. TESS has raised over $2.1 million in two rounds of financing. The company anticipates closing an institutional round in 2007.