Advanced Photonix, Inc. Announces New Additions to the Board of Directors.CAMARILLO, Calif. -- Advanced Photonix, Inc. (R) (AMEX AMEX See: American Stock Exchange - API) announced today the appointment of three new members to the Board of Directors. Two of the new members of the Board, Donald Pastor and Lance Brewer, would be considered independent directors, and the third, Robin (Rob) Risser, was a co-founder of the recently acquired Picometrix, and is now the Chief Financial Officer of Advanced Photonix, Inc. Mr. Pastor is currently Executive Vice-President of Operations and CFO See Chief Financial Officer. of Telephonics Corporation. He also serves as 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. of TLSI, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Telephonics. Mr. Pastor has thirty years experience in a variety of financial, administrative and operational positions in high technology and defense related industries. Mr. Pastor holds a B.S. degree in Marine Engineering from the U.S. Merchant Marine Academy, and a M.B.A. from Loyola College, Baltimore. Mr. Brewer is a partner of Brewer & Brewer, a law firm he founded in 1989, headquartered in Newport Beach, California Newport Harbor redirects here. For the MTV reality series, see . Newport Beach, incorporated in 1906, is a city in Orange County, California, 10 miles south of downtown Santa Ana. , Brewer and Brewer employs 25 people, with a focus on representation of financial institutions, business litigation, business acquisitions and insurance defense. Mr. Brewer is a graduate of the University of Utah The University of Utah (also The U or the U of U or the UU), located in Salt Lake City, is the flagship public research university in the state of Utah, and one of 10 institutions that make up the Utah System of Higher Education. , Cum Laude. Mr. Brewer is currently the primary campaign strategist for Marilyn C. Brewer for US Congress from California. Prior to founding Picometrix in 1992, Rob Risser served as a general partner and investor in numerous technology and real estate investments from 1982 to 1992. From 1978 to 1981 Rob managed strategic planning for Bendix Corporation's Industrial Group and CNC Division from its corporate headquarters located in Southfield, Michigan. He was on Bendix's corporate financial and audit staff from 1973 through 1976. He earned an MBA from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. in 1978 and passed the CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. exam in 1975. Richard (Rick) Kurtz chairman and CEO of Advanced Photonix, Inc. commented, "We are adding to the independent nature of our Board, strengthening and deepening the Board's knowledge and experience. Serving on a public Board today requires both time and dedication, to fulfill all the new requirements, and to insure that the goals of financial transparency, integrity and growth are met. Our newest Board members bring the enthusiasm and commitment necessary for us to meet our requirements and goals." The information contained herein includes forward looking statements that are based on assumptions that management believes to be reasonable but are subject to inherent uncertainties and risks including, but not limited to, unforeseen technological obstacles which may prevent or slow the development and/or manufacture of new products; potential problems with the integration of the acquired company and its technology and possible inability to achieve expected synergies; obstacles to successfully combining product offerings and lack of customer acceptance of such offerings; limited (or slower than anticipated) customer acceptance of new products which have been and are being developed by the Company; and a decline in the general demand for optoelectronic products. Advanced Photonix, Inc.(R) (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : API) is a leading supplier of opto-electronic solutions and Terahertz instrumentation to a global OEM customer base. Products include the patented High speed optical receivers in APD APD atrial premature depolarization (see atrial premature complex, under complex ); pamidronate. and PIN configurations and silicon Large Area Avalanche Photodiode (LAAPD), PIN photodiode and FILTRODE(R) detectors. More information on Advanced Photonix can be found at http://www.advancedphotonix.com. |
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