ABC-NACO Inc. Announces Organizational Changes.Business Editors LOMBARD, Ill.--(BUSINESS WIRE)--Aug. 2, 2001 ABC-NACO Inc. (ABCR ABCR American Bashkir Curly Registry ABCR ATP-Binding Cassette Transporter, Retina-Specific ABCR As Built Configuration Report ABCR Association of British Cartridge Remanufacturers ABCR Aviary Bred, Close Ringed ) announced a series of organizational changes within the Rail Products Group effective today: -- Mike Franz will assume the newly created position of Executive Vice President - Sales and Marketing. In his expanded role, Mr. Franz will be responsible for all sales and marketing activity for the Rail Products Group and will head the Group's new products initiative. This effort will expand ABC-NACO's ability to offer a wider range of products to its customers. Mr. Franz will report to Steve Becker, President- Rail Products and Technology. -- Bernie Ferguson will assume the duties of Vice President - Sales for the Group and will be responsible for all sales and customer service activities. Mr. Ferguson will report to Mr. Franz. -- Jack Dapkus will assume the duties of Vice President - Marketing. He will manage the marketing efforts of the Group and will assist the Rail Services and Track Products Groups in the joint marketing activities of the Company. Mr. Dapkus will report to Mr. Franz. -- Len Grandy will assume the duties of Director - Logistics and Transportation and will be responsible for coordinating all manufacturing and customer order fulfillment activities for the Group. He will report to Mr. Becker. -- Phil Smailes will assume the duties of Manager - Customer Service and will be responsible for insuring the Rail Products Group meets all customer delivery requirements. In his new role he will report to Mr. Ferguson. Vaughn Makary, President and Chief Executive Officer stated, "These changes will emphasize the importance the Company places on satisfying our customers' product needs. Our objective is to always ship the highest quality products, exactly when our customers want them. I have complete confidence that this newly announced team in Rail Products will insure Insure can mean:
Makary continued, "The Company will also be expanding its product line offering through the Rail Products Group. We have asked Mike Franz, with his 30 years of Rail Supply Industry sales experience, to personally manage this effort. Our worldwide network of manufacturing facilities, suppliers, joint venture partners and representatives have the ability to supply a broad range of products. Combining this product expansion with the increasing capabilities of our Rail Services and Track Products Groups, will allow ABC-NACO to meet more of our customers' total requirements." ABC-NACO is one of the world's leading suppliers of technologically advanced products to the rail industry. With four technology centers around the world, ABC-NACO holds pre-eminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae market positions in the design, engineering and manufacture of high-performance freight car, locomotive locomotive, vehicle used to pull a train of unpowered railroad cars. Types of Locomotives The steam-powered locomotive played a key role during the development and golden age of railroading, but, despite its long and picturesque history, it has and passenger suspension and coupling systems, wheels and mounted wheel sets. The Company also supplies railroad railroad or railway, form of transportation most commonly consisting of steel rails, called tracks, on which freight cars, passenger cars, and other rolling stock are drawn by one locomotive or more. and transit infrastructure products and services and technology-driven specialty track products. It has 23 offices and facilities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Mexico, Scotland, Portugal and China. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this release which are not historical facts, may be deemed to be forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to change based on various factors which may be beyond the control of ABC-NACO Inc. Accordingly, actual results could differ materially from those expressed or implied in any such forward-looking statement. Factors that could affect actual results are described more fully in the Company's Amended Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000, under the captions "Recent Developments" and "Regarding Forward Looking Statements," and other risks described from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date on which such statement is made. |
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