Former EY Tax Manager is new CFO of Next Inc.


Next, Inc. (OTCBB:NXTI) an emerging leader in the licensed sportswear products industry has announced that CFO Charles Thompson is resigning and is being replaced as CFO by David O. Cole. Mr. Thompson will continue as an employee, working with the Board on specific assignments.

Mr. Cole, a C.P.A., joins Next after spending the last six years as founding member of Wellspring Resources LLC, a consulting firm specializing in corporate financial management and interim executive services. While with Wellspring, he worked with both public and private companies, fulfilling the roles of Controller, CFO and COO in various businesses. In addition, he worked in mergers & acquisitions as an intermediary. Prior to 2000, Mr. Cole was the CFO of Lincoln Foodservice Products, Inc., a publicly traded NASDAQ National Market System listed smallwares and equipment manufacturer with sales of $100 million. He was employed by Ernst & Young from 1979 until 1985 as a Tax Manager.

About Next, Inc.

Next, Inc. is a creative and innovative sales and marketing organization that designs, develops, markets, and distributes licensed and branded products and imprinted sportswear primarily through major college and university, motor sports and other major promotional key licensing agreements and the Company’s own proprietary designs. Next is one of the dominant companies in the highly fragmented licensed products and imprinted sportswear industries.

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