Blonder Tongue Laboratories, Inc. (AMEX:BDR), today announced the appointment of Anthony J. Bruno to its Board of Directors and Audit Committee effective as of February 1, 2008. Mr. Bruno has over 30 years of leadership and financial experience, particularly in the manufacturing environment. Mr. Bruno�s appointment fills the Class I vacancy created by the resignation of John E. Dwight, also effective as of February 1, 2008. Mr. Bruno will join the Board as an independent director, as defined by the American Stock Exchange Company Guide. With his appointment, and the resignation of Mr. Dwight, the Company believes it has regained compliance with the listing standards of the American Stock Exchange, which requires that a majority of the Company�s directors be independent, and expects to receive a confirmatory letter from the American Stock Exchange shortly. Although Mr. Dwight has resigned as a director, he will continue to be employed by the Company as the Assistant to the Chief Executive Officer. �Blonder Tongue has remedied the Board�s composition and believes it has regained AMEX compliance well before the March 11, 2008 deadline,� stated James A. Luksch, Blonder Tongue CEO. �We thank Jack Dwight for his many years on the Board, and look forward to our continued working relationship. We welcome Tony Bruno to our Board as a strong financial expert and business executive to help us achieve our future goals.� Mr. Bruno�s extensive experience, first as a certified public accountant, and later as a financial executive and consultant, has involved the provision of auditing services for various companies, financial reporting and corporate acquisitions and financial due diligence. For the past year, Mr. Bruno, age 67, has been a consultant to Besam Entrance Solutions, the United States subsidiary of ASSA ABLOY Entrance Systems, a Swedish Company, handling various aspects of corporate acquisitions. Prior to his role as a consultant, Mr. Bruno was the Vice-President of Finance for Besam Entrance Solutions for 18 years, managing all aspects of its financial activities in North America. Mr. Bruno also served as Blonder Tongue�s Vice President of Finance from 1981 to 1989. Prior to his tenure at Blonder Tongue, he also spent several years with Coopers & Lybrand (now PricewaterhouseCoopers) supervising audits of principally manufacturing companies. Mr. Bruno, as well as the other directors of Blonder Tongue and its officers and senior management, are expected to be in attendance at the 2008 Annual Meeting of Shareholders to be held at the Comfort Suites East Brunswick, 555 Old Bridge Turnpike, East Brunswick, NJ, telephone number (732) 967-1505 at 10:00 a.m. on Wednesday, May 21, 2008. (Please note: Only owners of record of the common stock of the Company at the close of business on March 31, 2008 will be entitled to notice of and to vote at the Annual Meeting or any adjournments or postponements thereof.) Founded in 1950, Blonder Tongue Laboratories, Inc. has evolved from a manufacturer of electronic equipment for the private cable industry to a principal provider of integrated network solutions and technical services to broadband service providers. The Company designs, manufactures, and supplies a comprehensive line of equipment to deliver video (analog & digital), high speed data and voice services over integrated coaxial and fiber optic broadband networks today and over packet based, Internet protocol networks of the future. For more information regarding Blonder Tongue or its products, please visit the Company's Web site at www.blondertongue.com or contact the Company directly at (732) 679-4000. �Safe Harbor� Statement under the Private Securities Litigation Reform Act of 1995: The information set forth above includes �forward-looking� statements and accordingly, the cautionary statements contained in Blonder Tongue�s Annual Report and Form 10-K for the year ended December 31, 2006 (See Item 1: Business, Item 1A: Risk Factors and Item 7: Management�s Discussion and Analysis of Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission are incorporated herein by reference. The words �believe�, �expect�, �anticipate�, �should�, �project�, and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management�s analysis only as of the date hereof. Blonder Tongue undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Blonder Tongue�s actual results may differ from the anticipated results or other expectations expressed in Blonder Tongue� s �forward-looking� statements.
Blonder Tongue Laborator... (AMEX:BDR)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Blonder Tongue Laborator... Charts.
Blonder Tongue Laborator... (AMEX:BDR)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Blonder Tongue Laborator... Charts.