ARC International Names Robert Johnston to Board of Directors.TORONTO--(BUSINESS WIRE)--December 16, 1999-- ARC International This article is about the publicly traded processor company. For the privately held French housewares company of the same name, see ARC International (household). Corporation (AMEX AMEX See: American Stock Exchange : ATV (1) (Advanced TV) An early name for the digital TV standard proposed by the Advisory Committee on Advanced Television Service (ACATS). See ACATS. See also ATV Forum. (2) (Analog TV) Refers to the NTSC, PAL and SECAM analog TV standads. ), a developer and operator of ice skating facilities in North America with significant equity stakes in Ballantyne of Omaha (NYSE NYSE See: New York Stock Exchange :BTN BTN In currencies, this is the abbreviation for the Bhutan Ngultrum. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) and Cabletel Communications Corp. (AMEX:TTV TTV Transfusion Transmitted Virus TTV Total Thickness Variation (semiconductor wafer planarity) TTV TechTV TTV Total Transaction Value TTV Tapping the Vein (band) TTV Target Test Vehicle ), today named Robert B. Johnston, 34, to its board of directors, increasing its size to seven members. Mr. Johnston is presently Director of Investor Relations Investor relations The process by which the corporation communicates with its investors. for the Polymer Group, Inc. (NYSE:PGI PGI Protected Geographical Indication PGI Progiciel de Gestion Intégré (French: Enterprise Resource Planning) PGI Phosphoglucose Isomerase PGI Polish Geological Institute (Warsaw, Poland) ), a North Charleston, South Carolina-based technology-driven developer, producer and marketer of engineered materials. Jerry Zucker, ARC's largest shareholder, serves as Chairman, President and Chief Executive Officer of the Polymer Group. Earlier this month, Mr. Zucker purchased 2.8 million ARC shares in a private placement and he now holds approximately 4,326,500 shares, or approximately 25.3%, of the Company's total shares outstanding. A Canadian citizen, Mr. Johnston brings over a half dozen years of financial analysis and strategic planning experience to his role on ARC's board as well as a strong background in ice skating, having served as a hockey referee in Major Junior and University leagues. He received his M.B.A. from Concordia University in Montreal, Quebec in 1998, in addition to a M.A. in Public Policy and Public Administration in 1993 and a B.A. in Political Science in 1991 from the same institution. Arnold S. Tenney, Chief Executive Officer of ARC, commented, "ARC welcomes a deeper association with Mr. Zucker through this board appointment. We are proud to have Robert on the ARC team and look forward to the benefit of his counsel." ARC International Corporation is a leading developer and operator of, and full-service equipment supplier to, ice skating facilities in North America with six locations featuring 16 surfaces of ice. ARC also has significant equity holdings in Cabletel Communications Corp., Canada's leading supplier of broadband equipment, and Ballantyne of Omaha, America's leading manufacturer of motion picture projection and specialty entertainment lighting equipment. Additional corporate information is available at the Company's web site - http://www.arc-atv.com. Except for the historical information in this press release, it includes forward-looking statements that involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results, the management of growth, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. Actual results may differ materially from management expectations. |
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