3D Systems Announces Appointment of Fred R. Jones as VP and CFO and Robert M. Grace, Jr. as VP, General Counsel and Secretary.Business Editors/High-Tech Writers VALENCIA, Calif.--(BUSINESS WIRE)--Dec. 29, 2003 3D Systems Corp. (Nasdaq:TDSC TDSC Thai Development Support Committee TDSC Time Domain Signal Coding TDSC Test Driver System - Charlie TDSC Time-Domain Spreading Code ) announced today that it has named Fred R. Jones vice president and chief financial officer effective immediately. "We are very pleased that Fred Jones has joined 3D Systems as chief financial officer," said Abe Reichental, 3D Systems' president and chief executive officer. "Fred has built strong financial operations' teams, managed financial aspects of major mergers and acquisitions, added focus to return on capital and provided strong credibility with capital market participants. His demonstrated leadership and strategic skills in financial matters, extensive experience in working as a senior financial executive with major publicly held companies, and his recent experience implementing internal control programs mandated by the Sarbanes-Oxley legislation are exactly what 3D Systems needs to support the execution of our business strategy and to provide the highest degree of integrity in our financial reporting." Jones brings to 3D Systems a strong finance background, having provided CFO See Chief Financial Officer. services through his own consulting firm and having previously served as chief financial officer for two NYSE-listed firms: Thomas & Betts Corporation (NYSE NYSE See: New York Stock Exchange :TNB TNB Tenaga Nasional Berhad (electric power utility in Malaysia) TNB Tacoma Narrows Bridge TNB Thomas and Betts TNB Trinitrobenzene TNB Télévision Nationale du Burkina (Burkina Faso) ) and Joy Technologies, Inc. He also served as president of ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s Financial Services, Inc. following ABB's acquisition of Combustion Engineering, Inc., where he was treasurer. He previously held finance positions at The Penn Central Corporation and The First National Bank of Chicago. Jones holds a bachelor's degree in computer science from the University of Missouri at Rolla and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in finance from Stanford University. The Company also announced that Robert M. Grace, Jr. has joined the Company as Vice President, General Counsel and Secretary. Grace formerly worked at Sealed Air Corporation (NYSE:SEE) for more than 22 years where he held the positions of General Counsel and Secretary and more recently Special Counsel in charge of all legal aspects of M&A and financing activities. Grace graduated from Williams College in 1969 with highest honors in Economics and from Columbia University Law School in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. in 1972 where he was a Harlan Fiske Stone Scholar. He is a member of the New York Bar and of numerous organizations involved with corporate law practice, including the American Society of Corporate Secretaries, the American Bar Association American Bar Association (ABA), voluntary organization of lawyers admitted to the bar of any state. Founded (1878) largely through the efforts of the Connecticut Bar Association, it is devoted to improving the administration of justice, seeking uniformity of law , the International Bar Association, the Corporate Counsel Association and the New York State Bar Association The New York State Bar Association (NYSBA), with about 72,000 members, is the largest voluntary association of lawyers in the United States. The NYSBA was founded in Albany on November 21 1876. New York lacks an integrated bar, and the NYSBA does not license lawyers in the state. . "Having had the privilege of working with Bob for more than 20 years, I was very pleased that he chose to join me as a critical player in our new management team," said Abe Reichental. "I am confident that I can rely on his exceptional talents and capabilities to help our Company meet the challenges and develop the opportunities ahead." About 3D Systems Founded in 1986, 3D Systems(R), the solid imaging company(SM), provides solid imaging products and systems solutions that reduce the time and cost of designing products and facilitate direct and indirect manufacturing. Its systems utilize patented proprietary technologies to create physical objects from digital input that can be used in design communication, prototyping, and as functional end-use parts. 3D Systems offers a wide range of imaging, communication rapid prototyping and on demand manufacturing systems including the MJM MJM Multi-Jet Modeling (prototyping manufacturing) MJM Metropolitan Japanese Ministry MJM Married Jewish Male product line (InVision(TM) 3-D printer and ThermoJet(R) solid object printer), SLA (1) (StereoLithography Apparatus) See 3D printing. (2) (Service Level Agreement) A contract between the provider and the user that specifies the level of service expected during its term. (R) (stereolithography) systems, SLS (Selective Laser Sintering) See laser sintering and 3D printing. (R) (selective laser sintering See laser sintering and 3D printer. ) systems, and Accura(R) materials (including photopolymers, metals, nylons, engineering plastics, and thermoplastics). More information on the company is available at www.3dsystems.com, or by phoning 888-337-9786, or 661-295-5600 ext. 2882 internationally, or email moreinfo@3dsystems.com. Certain statements in this news release may include forward-looking statements that express the expectation, prediction, belief or projection of 3D Systems. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and achievement of 3D Systems to be materially and adversely different from any future results, performance or achievement expressed or implied by these forward-looking statements. Factors that may cause actual results to differ from the forward-looking statements contained in this release and that may affect the company's prospects in general include, but are not limited to; disruption caused by the reconfiguration of the management team; the funding of additional amounts of capital adequate to provide for the working capital needs of the Company; the outcome of pending litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and regulatory matters, actions of competitors and customers; the Company's ability to successfully design and produce new products; customer acceptance of new products; the Company's ability to enter into successful relationships with new customers to fully exploit its products; the Company's ability to successfully implement all elements of its restructuring and cost savings program, and such other factors as are described in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to update any forward-looking statements. |
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