Cherry Tree advises Kirchner Corporation in the sale of its brand, ‘Mother and Child,' to Richline Group

The Richline Group has acquired the intellectual property and distribution rights to Kirchner Corp.’s Mother and Child brand and Janel Russell Designs Inc.

According to Richline Chief Executive Officer Dennis Ulrich, the Mother and Child brand, originated by Janel Russel and successfully developed by the Kirchner family, is an ideal addition to the company’s brands.

Janel Russell introduced her Mother and Child design in 1980, and for nearly 30 years, it has been one of the most popular family-themed jewelry items in history, according to a media release from Richline.

The company intends to continue the Mother and Child brand’s reputation for aggressive, trend-setting styling and quality.

“Richline’s continued commitment to a combination of creativity and quality craftsmanship, with the addition of our aggressive marketing, ensures the Mother and Child brand’s future relevance with the appreciative, family-oriented consumer,” Richline Group President Dave Meleski said in the release.

Dan Kirchner, president of Kirchner Corp., added, “We are proud of our past accomplishments and believe strongly that joining together with Richline ensures a marketing success for our brand and satisfaction for our loyal customers.”

For more information, contact Richline’s Mark Hanna at (914) 699-0000 ext. 277,, or Liz Ulrich at (914) 699-0000 ext. 268,

Richline Group is a subsidiary of Berkshire Hathaway Inc.

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This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made in this press release by AIC and its CEO Elmer Baldwin about AIC regarding, for instance: (i) AIC’s business transformation plan; (ii) the potential impact of the VAR business asset sale transaction; and (iii) management’s beliefs with respect to the reduction in complexity of AIC’s business and AIC’s ability to focus its attention on growing its core IT services, are forward-looking statements. These forward-looking statements are based on current information we have assessed, which by its nature is dynamic and subject to rapid and even abrupt changes. Forward-looking statements include statements expressing the intent, belief or current expectations of AIC and members of our management team and involve certain risks and uncertainties, including (i) the risk that management may not fully or successfully implement its business transformation plan; (ii) the risk that AIC will not be able to effectively enter into a strategic partnership with Netarx; (iii) prevailing market conditions in the IT services industry; (iv) potentially incorrect assumptions by management with respect to this transaction; and (v) economic, business, market, financial, competitive and/or regulatory factors affecting AIC’s business generally, including those set forth in AIC’s filings with the SEC. You are cautioned not to place undue reliance on these or any forward-looking statements, which speak only as of the date of this press release. AIC expressly disclaims any responsibility for forward-looking statements made by or about Netarx.

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