Environmental Tectonics Corporation Announces the Appointment of Stephen F. Ryan to Board of Directors
March 11 2009 - 10:13AM
PR Newswire (US)
SOUTHAMPTON, Pa., March 11 /PRNewswire-FirstCall/ -- Environmental
Tectonics Corporation (AMEX:ETC) ("ETC" or the "Company") today
reported that, on March 6, 2009, the Board of Directors appointed
Stephen F. Ryan to the Board of Directors of Environmental
Tectonics Corporation. Mr. Ryan was appointed to fill the vacancy
created by the resignation of Alan Mark Gemmill, which took place
on February 25, 2009. Mr. Ryan will serve on the Audit,
Compensation and Governance and Nominating Committees of the Board
of Directors. Mr. Ryan retired in 2001 from Selas Corporation of
America (now known as IntriCon Corporation), a diversified
international firm engaged in the design, development, engineering
and manufacturing of industrial products, where he served as
Chairman for three years and President, Chief Executive Officer and
Director for 13 years. Mr. Ryan also serves as a Director of Bolt
Technology Corporation, headquartered in Norwalk, CT. "Steve Ryan
brings a wealth of business and technical experience to ETC. He
will be an invaluable asset to the Company. We thank Mark Gemmill
for his many years of fine service to the Company and wish him the
best," commented William F. Mitchell, ETC's Chairman and Chief
Executive Officer. ETC designs, develops, installs and maintains
aircrew training systems (aeromedical, tactical combat and
general), disaster management training systems and services,
entertainment products, sterilizers (steam and gas), environmental
testing products, hyperbaric chambers and related products for
domestic and international customers. This press release includes
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. These forward-looking
statements are based on ETC's current expectations and projections
about future events. These forward-looking statements are subject
to known and unknown risks, uncertainties and assumptions about
ETC's and its subsidiaries that may cause actual results, levels of
activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking
statements. These forward-looking statements include statements
with respect to the Company's vision, mission, strategies, goals,
beliefs, plans, objectives, expectations, anticipations, estimates,
intentions, financial condition, results of operations, future
performance and business of the company, including but not limited
to, (i) the potential delisting of the Company's common stock from
the American Stock Exchange as a result of the Company's failure to
comply with the AMEX listing standards, (ii) the completion of
additional financing transactions to support the Company's
operation, (iii) projections of revenues, costs of materials,
income or loss, earnings or loss per share, capital expenditures,
growth prospects, dividends, capital structure, other financial
items and the effects of currency fluctuations, (iv) statements of
our plans and objectives of the Company or its management or Board
of Directors, including the introduction of new products, or
estimates or predictions of actions of customers, suppliers,
competitors or regulatory authorities, (v) statements of future
economic performance, (vi) statements of assumptions and other
statements about the Company or its business, (vii) statements made
about the possible outcomes of litigation involving the Company,
and (viii) statements preceded by, followed by or that include the
words, "may," "could," "should," "looking forward," "would,"
"believe," "expect," "anticipate," "estimate," "intend," "plan," or
the negative of such terms or similar expressions. These
forward-looking statements involve risks and uncertainties which
are subject to change based on various important factors. Some of
these risks and uncertainties, in whole or in part, are beyond the
Company's control. Factors that might cause or contribute to such a
material difference include, but are not limited to, those
discussed in the Company's Annual Report on Form 10-K for the
fiscal year ended February 29, 2008, in the section entitled "Risks
Particular to Our Business." Shareholders are urged to review these
risks carefully prior to making an investment in the Company's
common stock. The Company cautions that the foregoing list of
important factors is not exclusive. Except as required by federal
securities law, the Company does not undertake to update any
forward-looking statement, whether written or oral, that may be
made from time to time by or on behalf of the Company. Contact:
Duane D. Deaner, CFO Tel: 215-355-9100 (ext. 1203) Fax:
215-357-4000 ETC - Internet Home Page: http://www.etcusa.com/
DATASOURCE: Environmental Tectonics Corporation CONTACT: Duane D.
Deaner, CFO of Environmental Tectonics Corporation,
+1-215-355-9100, ext. 1203, or Fax, +1-215-357-4000 Web Site:
http://www.etcusa.com/
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