MISTRAS Group, Inc. to Report Third Quarter Results on April 8, 2010 and Announces Retirement of CFO and Automatic Extension of
March 31 2010 - 5:17PM
MISTRAS Group, Inc. (NYSE:MG) will have a conference call on
Thursday, April 8, 2010 at 9:00 am Eastern Time to discuss its
results for the third quarter of fiscal year 2010, which ended
February 28, 2010. A press release with the third quarter results
will be issued after the close of the market on Wednesday, April 7,
2010.
The call will be broadcast over the Web and can be accessed on
Mistras' Website, www.mistrasgroup.com. Individuals in the
U.S. wishing to participate in the conference call by phone may
call 800-299-7089 and use confirmation code 99014886 when prompted.
(The International number is 617-801-9714.) Those who
wish to listen to the call later can access an archived copy of the
conference call at the Mistras Website.
CFO Paul "Pete" Peterik to Retire
The Company announced that its Chief Financial Officer, Paul
"Pete" Peterik, has decided to retire. Mr. Peterik has agreed
to remain with the Company in his current role until his successor
is named. The company has initiated a search for his
replacement, and once a new CFO is in place, Mr. Peterik will
remain available to the Company for a period of time as a
non-employee consultant on an as-needed basis. Mistras
Chairman and Chief Executive Officer, Dr. Sotirios Vahaviolos,
stated that, "We are extremely grateful for all Pete has done for
us during his tenure at Mistras, particularly the instrumental role
he played helping launch the Company's successful initial public
offering last October. We wish Pete all the best in his
retirement."
Automatic Extension of Lock-Up Period
Mistras also announced that the lock-up agreements entered into
with its underwriters in conjunction with its initial public
offering will automatically be extended 18 days beyond the
Company's April 7, 2010 earnings release. The lock-up period
was originally due to expire on April 5, 2010, but Mistras'
underwriting agreement and lock-up agreements with directors,
officers and certain shareholders of Mistras provide for an
automatic extension due to the timing of Mistras' earnings press
release. Therefore, the first sales of shares restricted by
the underwriters' lock-up may now take place on Monday,
April 26, 2010.
About MISTRAS Group:
MISTRAS offers one of the broadest services and
technology-enabled asset protection solutions portfolios in the
industry used to evaluate the structural integrity of energy,
industrial and public infrastructure. Mission critical services and
solutions are delivered globally and provide customers the ability
to extend the useful life of their assets, improve productivity and
profitability, comply with government safety and environmental
regulations and enhance risk management operational decisions.
MISTRAS uniquely combines its industry leading products and
technologies -- 24/7 on-line monitoring of critical assets;
mechanical integrity (MI) and non-destructive testing (NDT)
services; and its proprietary world class data warehousing and
analysis software -- to provide comprehensive and competitive
products, systems and services solutions from a single source
provider.
For more information, visit the company's website at
www.mistrasgroup.com or contact its worldwide headquarters at
609-716-4000.
The Mistras Group, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6966
CONTACT: MISTRAS Group, Inc.
609-716-4000
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