Super Vision Announces Executive Changes
August 29 2006 - 2:00PM
Business Wire
Super Vision International, Inc. (NASDAQ:SUPVA) (Class A Common), a
world leader in solid-state LED and fiber optic lighting systems
and controls used in commercial, architectural, signage, swimming
pool and retail lighting applications today announced the
resignation of Executive Vice President and Chief Financial Officer
Dan Regalado effective November 22, 2006. An active search for a
new CFO will begin shortly and the company plans to fill the role
with a qualified candidate by the end of the year. Mr. Regalado
performed the combined role of chief financial and operating
officer for Super Vision since joining the company in early 2003.
He is leaving to pursue other opportunities and has agreed to work
with management and the Board to ensure a smooth transition. "Dan's
contributions to Super Vision over the last three years are
numerous and we wish him well as he pursues his future personal
ambitions. Our goal is to have a seamless transition. Dan will be
working closely with us over the next 90 days to ensure that we
meet that goal," stated Mike Bauer, President and CEO. "My time at
Super Vision has been very rewarding, both personally and
professionally. It has been a great experience to work with an
organization made up of people who have passion for the products
they sell and a strong desire to improve the company's performance.
I have seen steady improvement in the operations of the company and
wish the team well as they continue to execute their plan for
growth," stated Dan Regalado. About Super Vision International,
Inc. Super Vision International's vision is to incorporate Light,
Color and Imagination with advanced technology to become one of the
world's leading suppliers of lighting and lighting control products
that add visual excitement, accent, impact and identity to
commercial and residential lighting projects around the world. For
more information, please visit the Super Vision web site at
http://www.svision.com. Certain of the above statements contained
in this press release are forward-looking statements that involve a
number of risks and uncertainties. Such forward-looking statements
are within the meaning of that term in Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Reference is made to Super Vision's filings under the
Securities Exchange Act for factors that could cause actual results
to differ materially. Super Vision undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.
Readers are cautioned that any such forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those indicated in the forward-looking statements as a result of
various factors. Readers are cautioned not to place undue reliance
on these forward-looking statements.
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