ADFlex Solutions Inc. names Dale J. Bartos treasurer and chief financial officer.CHANDLER, Ariz.--(BUSINESS WIRE)--June 4, 1996--ADFlex Solutions Inc. (NASDAQ/NM:AFLX) Tuesday announced that it has appointed Dale J. Bartos, an executive with extensive financial management experience in the computer industry, as the company's treasurer and chief financial officer. Prior to joining ADFlex, Bartos served as chief financial officer for Integrated Peripherals, a Boulder, Colo.-based manufacturer of high-capacity disk drives. For the five years preceding his move to Integrated Peripherals, Bartos served in a series of high-level financial management positions, including senior vice president of finance and chief financial officer, with Micropolis Corp. (NASDAQ/NM:MLIS MLIS Master of Library and Information Science MLIS Multilingual Information Society MLIS Molecular Laser Isotope Separation MLIS Masters of Library and Information Studies MLIS Medical/Legal Information Services ), a $400-million manufacturer of high-performance, high-capacity disk drives, fault-tolerant data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a and video disk arrays, and external storage subsystems, including video servers. While with Micropolis, he directed a multi-million-dollar equity offering and was instrumental in securing a $33 million credit facility. He also was involved in the company's corporate strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and a range of other internal activities. Commenting on Bartos' appointment, ADFlex chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Rolando C. Esteverena said, "I am extremely pleased to have Dale on our team. Over the course of his career, he has repeatedly demonstrated the strong financial management skills and integrity that are essential to any public company. IN addition to having extensive experience with large corporations doing business internationally, he also is a highly capable administrator with intimate knowledge of a broad range of internal corporate mechanisms. These attributes will make Dale highly valuable to us as we continue to implement our growth strategy." "ADFlex is an outstanding company with a promising future," said Bartos. "In the years ahead, the demand for ever-smaller yet more powerful electronic devices will make flex, as an enabling technology, increasingly important. As an established leader in high-volume flex manufacturing -- and now, due to a recent acquisition, a leader in advanced assembly technologies as well -- ADFlex has the potential to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. that trend. "These are exciting times in ADFlex's history, and I am very pleased to have the opportunity to contribute to the company's future successes," Bartos added. ADFlex Solutions Inc. is a leading supplier of flexible circuit-based interconnect solutions to the computer, computer peripheral and communication industries. Applications for flex-based interconnects include cellular telephones, hard disk drives and other storage systems, high-end consumer products, notebook computers, pagers and personal communications systems. "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 contain forward-looking statements that involve risks and uncertainties, including, but not limited to, the company's continued growth, present or future market trends, acceptance of the company's assembled or unassembled un·as·sem·bled adj. Made or manufactured with parts or sections ready to be joined or fitted together before use: working with unassembled metal shelving. products, and other risks detailed in the company's 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 Dec. 31, 1995 and other Securities and Exchange Commission filings. CONTACT: ADFlex Solutions Inc., Chandler Rolando C. Esteverena, 602/963-4584 or Silverman Heller Associates, Los Angeles Lou Alkana, 310/208-2550 |
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