Universal Security Announces Appointment of Bryan R. Knepper
March 17 2009 - 12:21PM
PR Newswire (US)
OWINGS MILLS, Md., March 17 /PRNewswire-FirstCall/ -- Universal
Security Instruments, Inc. (NYSE Amex: UUU) today announced the
appointment of Bryan R. Knepper as Director of Strategic Planning,
effective today. The son of co-founder Stephen C. Knepper, Mr.
Knepper serves on the Board of Governors of The Johns Hopkins
Hospital Heart and Vascular Institute as well as The Charles
Bronfman Institute for Personalized Medicine at Mt. Sinai Hospital
in New York. Mr. Knepper joins the Company after 10 years working
at Columbia Management, the asset management arm of Bank of
America. "The opportunity to join this Company at this time offers
an incredible opportunity," said Mr. Knepper. "I look forward to
continuing to help Universal deliver the high quality earnings and
returns that its shareholders are accustomed to," he continued. As
part of Mr. Knepper's employment, the Company granted Mr. Knepper
an option to purchase 25,000 shares of Common Stock at $3.25 per
share, exercisable for a period of four years commencing March 17,
2010. "We are pleased to welcome Bryan to Universal and are
confident that his long ties to the Company and accomplished
business skills will serve Universal and our shareholders well,"
said CEO, Harvey Grossblatt. UNIVERSAL SECURITY INSTRUMENTS, INC.
is a U.S.-based manufacturer (through its Hong Kong Joint Venture)
and distributor of safety and security devices. Founded in 1969,
the Company has a 39 year heritage of developing innovative and
easy-to-install products, including smoke, fire and carbon monoxide
alarms. For more information on Universal Security Instruments,
visit our website at http://www.universalsecurity.com/.
------------------------------------------------------------ "Safe
Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Certain matters discussed in this news release may
constitute forward-looking statements within the meaning of the
federal securities laws that inherently include certain risks and
uncertainties. Actual results could differ materially from those
projected in or contemplated by the forward-looking statements due
to a number of factors, including, among other items, our and our
Hong Kong Joint Venture's respective ability to maintain operating
profitability, currency fluctuations, the impact of current and
future laws and governmental regulations affecting us and our Hong
Kong Joint Venture and other factors which may be identified from
time to time in our Securities and Exchange Commission filings and
other public announcements. We do not undertake and specifically
disclaim any obligation to update any forward-looking statements to
reflect occurrence of anticipated or unanticipated events or
circumstances after the date of such statements. We will revise our
outlook from time to time and frequently will not disclose such
revisions publicly. DATASOURCE: Universal Security Instruments,
Inc. CONTACT: Harvey Grossblatt, President, Universal Security
Instruments, Inc., +1-410-363-3000, Ext. 224 or Don Hunt, Jeff
Lambert Lambert, Edwards & Associates, Inc., +1-616-233-0500
Web Site: http://www.universalsecurity.com/
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