Blonder Tongue Appoints Anthony J. Bruno to Board of Directors
February 05 2008 - 5:57PM
Business Wire
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.
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