John H. Lewis
It is with gratitude and appreciation that Intersections Inc. (NASDAQ: INTX), a leading provider of identity risk management and privacy protection services for consumers, announces that John H. Lewis, Managing Partner and Chief Investment Officer at Osmium Partners, LLC, has resigned as a director of Intersections effective August 8, 2017. Upon his resignation, the Board consists of eight persons.
Mr. Lewis has been a member of the Board of Intersections Inc. since October 2015. Mr. Lewis has worked with the rest of the Board over the last 22 months to refine the Company's strategy to refocus solely on providing world-class identity and privacy protection services to U.S. and Canadian consumers. This process included the Company's complete divestiture of all non-core assets. The divestiture program was completed with the sale of the Company's Pet Health Monitoring business on July 31, 2017.
Mr. Lewis commented, "The Company is now poised for long-term growth, as it brings to market its new identity theft product in partnership with IBM's Watson artificial intelligence platform through a variety of new distribution channels, including direct-to-consumer, distribution partners, employer groups as an employee benefit, and businesses in response to data breaches."
Michael Stanfield, Chairman and Founder of Intersections Inc., expressed his appreciation to Mr. Lewis for his engagement and hard work over the last two years. "John has been a valuable and informed voice around the boardroom table. We appreciate all of his efforts and look forward to continue to have Osmium Partners as an Intersections shareholder."
About Intersections Inc.:
Intersections Inc. (NASDAQ: INTX) provides innovative, information-based solutions that help consumers manage risks and make better informed life decisions. Under its IDENTITY GUARD® brand and other brands, the company helps consumers monitor, manage and protect against the risks associated with their identities and personal information. Headquartered in Chantilly, Virginia, the company was founded in 1996. To learn more, visit www.intersections.com.