Applied Innovation Announces Resignation of Chief Operating Officer
April 04 2006 - 8:30AM
PR Newswire (US)
DUBLIN, Ohio, April 4 /PRNewswire-FirstCall/ -- Applied Innovation
Inc. (NASDAQ:AINN) today announced that William L. Pollack has
resigned as President and Chief Operating Officer to pursue other
interests. William H. Largent, Chief Executive Officer, has been
elected by the Board of Directors to the additional position of
President. Mr. Largent has served as Chief Executive Officer of the
Company since January 2005 and also served as President from
January 2005 to February 2006. Mr. Largent has also served as a
Director of the Company since 1999. Other members of executive
management include: John F. Petro Chief Technology Officer Angela
R. Pinette Vice President, Sales and Marketing Eric W. Langille
Senior Vice President of Operations and Services Julia A. Fratianne
Vice President, Chief Financial Officer and Treasurer Mr. Largent
stated, "Our highly experienced team has successfully solved
problems for some of the world's largest telecommunications
providers over the past 22 years. We will continue to leverage
Applied Innovation's core strengths of product innovation through
people, and to expand our market presence through profitable growth
opportunities. The Company's product and service offerings within
the wireless and wireline communication spaces are well-suited for
the increased pace of convergence occurring within these markets."
About Applied Innovation Applied Innovation provides hardware and
software applications that drive operational efficiency and
improved quality in wireless, wireline and converging networks.
Applied Innovation's industry-leading solutions include
sophisticated remote site management, 3G network data quality
monitoring and logical security of critical networks. Applied
Innovation solutions are currently installed in more than 34,000
sites worldwide. Headquartered in Dublin, Ohio, Applied is traded
on NASDAQ under the symbol AINN. For more information, please visit
the Company's Web site at http://www.appliedinnovation.com/. Safe
Harbor Statement This press release contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which are intended to
be covered by the safe harbors created thereby. Those statements
include, but are not limited to, all statements regarding intent,
beliefs, expectations, projections, forecasts and plans of the
Company and its management. These forward-looking statements
involve numerous risks and uncertainties, including, without
limitation: commitment to leverage Applied Innovation's core
strengths and expanding its market presence through profitable
growth opportunities, and the Company's growing lines of wireless
and wireline products and services are well-suited for the
increased level of convergence occurring in its markets (paragraph
four); the demand for telecommunication equipment generally and in
particular for the equipment and services offered by the Company;
the Company's ability to generate sales orders during 2006 and
thereafter; sales orders during 2006 and thereafter; that the
anticipated demand for the products and services offered by the
Company may decrease as a result of the economic and political
climate in which the Company operates; the acceptance of the
Company's present products and services and its ability to hire
technical staff; the Company's ability to adapt to technological
changes; the availability of capital to support the Company's
business plans; and other risks and uncertainties detailed from
time to time in the Company's Securities and Exchange Commission
(SEC) filings, including the Company's Annual Report on Form 10-K
for the year ended December 31, 2005. One or more of these factors
have affected, and could in the future affect, the Company's
business and financial results in future periods and could cause
actual results to differ materially from plans and projections.
Therefore, there can be no assurances that the forward-looking
statements included in this press release will prove to be
accurate. In light of the significant uncertainties in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by the
Company, or any other persons, that the objectives and plans of the
Company will be achieved. All forward-looking statements made in
this press release are based on information presently available to
the management of the Company. The Company assumes no obligation to
update any forward-looking statements. DATASOURCE: Applied
Innovation Inc. CONTACT: William H. Largent at Applied Innovation,
Chief Executive Officer, +1-614-798-2000 Web site:
http://www.appliedinnovation.com/
Copyright
Applied Innovation (NASDAQ:AINN)
Historical Stock Chart
From Apr 2024 to May 2024
Applied Innovation (NASDAQ:AINN)
Historical Stock Chart
From May 2023 to May 2024