Acrodyne Industries, Inc. Announces Resignation of Chief Financial Officer.Business Editors BLUE BELL, Pa.--(BUSINESS WIRE)--March 17, 2000 Effective today, Ronald R. Lanchoney will resign his position as Chief Financial Officer of Acrodyne Industries, Inc., the operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of Acrodyne Communications, Inc. of Blue Bell, PA (ACRO acro Acronym ACRO Australian Creative Resources Online ACRO Association of Clinical Research Organizations ACRO American College of Radiation Oncology ACRO Aircraft Crashes Record Office (Geneva, Switzerland) acro acrolein :Nasdaq). In his resignation letter to A. Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Mancuso, President 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. , Mr. Lanchoney indicates that he will "pursue other personal interests". Mr. Lanchoney further states, "We have accomplished a great deal for the company and its shareholders. Our banking relationships are as strong as ever. The financial structure of the company, through the support of Sinclair, is strong and the workforce in place is capable of raising the company to the world-class status we all want. The planned move to the new sight in Oaks, PA will provide the capacity for the new 'Quantum' series product line. The Rohde & Schwarz relationship will provide the full product offering and solid-state enhancements that are needed to make Acrodyne an industry leader in the very near future." Mr. Lanchoney also states "I continue to be very supportive of the efforts of Acrodyne and Sinclair and feel confident that the company's shareholders will profit from the growth in the television transmission industry and the leadership of both the Acrodyne and Sinclair organizations." "The company owes a great deal to Mr. Lanchoney for his efforts and guidance through the recent transition and we wish him well in his future pursuits." comments A. Robert Mancuso, President and CEO of Acrodyne. "Ron has prepared his department for this eventuality e·ven·tu·al·i·ty n. pl. e·ven·tu·al·i·ties Something that may occur; a possibility. eventuality Noun pl -ties and, therefore, all department functions can now be consolidated into the office of Controller." Acrodyne Industries, Inc., the operating subsidiary of Acrodyne Communications, Inc., and a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (NASDAQ:ACRO) has been an established and respected manufacturer of television broadcast equipment for over three decades. Acrodyne is a leading producer of technically advanced, high quality television transmitters. This press release contains "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. " concerning future expectation, plans or strategies that involve a number of risks and uncertainties. The Company wishes to caution readers that certain factors may have affected the Company's actual results and could cause results for subsequent periods to differ materially from those expressed in any forward-looking statements to reflect subsequently occurring 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 . |
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