Item 5.02 Departure of Directors and Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Effective February 21, 2008, Michael J. Gross resigned as a Director of the Registrant. Effective as of the same date, Daniel Platt was designated as a member of the Registrant’s Board of Directors by written resolution executed by the holders of 100 percent of the outstanding shares of the Registrant’s Series C Convertible Preferred Stock (the “Series C Stock”), in accordance with Section (7) of the Certificate of Rights Designations and Preferences of the Series C Stock, a copy of which was attached as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the Commission on January 22, 2008.

Mr. Platt, age 35, has been employed by Prentice Capital Management, LP since May 2006. His responsibilities at Prentice Capital include sourcing acquisition targets, structuring debt and equity for full or partial acquisitions, and oversight of debt financings for Prentice Capital’s portfolio. Mr. Platt also sits on the Boards of Directors of certain of Prentice Capital’s portfolio companies. Prior to joining Prentice Capital, Mr. Platt was employed by Banc of America Securities Consumer & Retail Division as a Managing Director where his responsibilities included originating new business, structuring transactions, leading underwritings and portfolio management. Prior to joining Banc of America in 1999, Mr. Platt held various positions with May Department Stores.

Mr. Platt received his B.A. in Finance with a minor in Japanese from the University of Massachusetts in Amherst.

Item 7.01 Regulation FD Disclosure

On March 4, 2008, the Registrant issued a press release announcing that Michael J. Gross had resigned as a Director of the Registrant and that Daniel Platt had been appointed as a Director in his place. A copy of the press release is furnished herewith as Exhibit 99.1.

In accordance with General Instruction B.2 of Form 8-K, the information in Exhibit 99.1 attached hereto is being furnished and is not deemed to be “filed” for purposes of Section 18 of the Exchange Act and is not otherwise subject to the liabilities of that section. Accordingly, the information in Exhibit 99.1 attached hereto will not be incorporated by reference into any filing made by the Registrant under the Securities Act or the Exchange Act unless specifically identified therein as being incorporated therein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

____________________

(1)  Furnished herewith

2