ATL Products Names Chief Financial Officer.IRVINE, Calif.--(BUSINESS WIRE)--Oct. 8, 1997--ATL Products Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATLPA), a leading provider of automated DLT (Digital Linear Tape) A magnetic tape technology originally developed by Digital for its VAX line. The technology was later sold to Quantum, which makes it available to other manufacturers. DLT uses half-inch, single-hub cartridges similar to IBM's 3480/3490/3590 line. libraries, Wednesday announced that Mark P. de Raad has joined the company as vice president, finance and chief financial officer. In anticipation of ATL's spin-off from Odetics Inc., de Raad will be filling the position previously held on an interim basis by Gregory A. Miner, vice president, finance and CFO See Chief Financial Officer. of Odetics Inc. Reporting to ATL (Active Template Library) A set of software routines from Microsoft that provide the basic framework for creating ActiveX and COM objects. Stemming from the standard template library (STL) that comes with C++ compilers, ATL includes an object wizard that sets up President Kevin Daly, de Raad will focus on longer-term planning issues, including the evaluation and implementation of strategic business opportunities. de Raad joins ATL after ten years at AST Research AST Research, Inc. was a personal computer manufacturer, founded in Irvine, California in 1980 by Albert Wong, Safi Qureshey and Thomas Yuen. (The name comes from the initials of their first names. Inc. where he held various financial management positions, most recently vice president, finance and treasurer. During his tenure at AST (AST Computer, Irvine, CA) A PC manufacturer founded in 1980 by Albert Wong, Safi Quershey and Tom Yuen (A, S and T). It offered a complete line of PCs that sold through its dealer channel. , revenues rose from $200 million to $2.5 billion. Prior to AST, de Raad was employed by Tandem Computers (company) Tandem Computers - A US computer manufacturer. Quarterly sales $544M, profits $49M (Aug 1994). Inc. and KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Peat Marwick, LLP LLP - Lower Layer Protocol . de Raad is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . "I believe that today's announcement strengthens our management team and its ability to respond to the challenges of our growing marketplace and, at the same time, represents another important milestone in the evolution of ATL as a separate public company," said Daly. In addition to his financial responsibilities, de Raad will work with the management team to expand the company's management information systems and the financial controls necessary to support the company's long-term growth plans. Daly added, "We are extremely pleased to have Mark join ATL. His skills and experience will complement our existing organization and provide significant contributions to ATL at both the operational and strategic planning level. "We would also like to take this opportunity to extend our appreciation for all the contributions made by Greg in support of ATL Products during our critical transition to an independent company." About ATL Products Inc. With headquarters in Irvine, ATL Products (NASDAQ:ATLPA) manufactures a wide range of DLT automated tape library systems for the network server, midrange and mainframe computer markets. ATL libraries demonstrate an industry-leading, field proven reputation for maximum subsystem reliability and data availability due to the implementation of the company's proprietary IntelliGrip automation technology and ATL-specified DLT tape drives. ATL provides sales and service support throughout the US and major cities in Europe and Asia. For additional information, call ATL Products at 714/774-6900, or browse the ATL Products Web site at http://www.atlp.com . -0- NOTE: DLT is a claimed trademark of Quantum Corp. in the United States and other countries. This news release contains forward-looking statements regarding the company's growth. The actual results of the company may differ materially and will depend on its performance which could be adversely affected by such factors as short product lives, unexpected shortages of critical components, the timing and market acceptance of planned new product introductions, competition (including new and directly competitive products from others), and the significant uncertainty of market acceptance of new products by both distribution channels and end-user customers. The company's forward-looking statements are qualified by reference to these factors affecting its business. Investors are strongly urged to review the risk factors set forth in the company's last filed 10K and 10Q. CONTACT: ATL Products Chet Baffa, 714/477-7702 cbaffa@atlp.com or Frank Berry, 714/477-7827 frankb@atlp.com |
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