Aeroflex Incorporated Appoints John Adamovich, Jr. Chief Financial Officer.PLAINVIEW, N.Y. -- Aeroflex Incorporated (Nasdaq Symbol: ARXX) announced today the appointment of John Adamovich, Jr. as its Senior Vice President and Chief Financial Officer. Mr. Adamovich will oversee the Company's financial, information technology, investor relations Investor relations The process by which the corporation communicates with its investors. and administrative functions. "We are delighted that John has joined our management team. His deep experience in both private industry and public accounting will serve Aeroflex well," said Len Borow, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . John Adamovich most recently served as Executive Vice President and Chief Financial Officer of Rainbow Media Enterprises, a subsidiary of Cablevision Systems Corporation (NYSE NYSE See: New York Stock Exchange : CVC See CSC. ) that was to be spun-off as a separate public entity. Previously, he served nearly seven years as Group Vice President, Treasurer and Chief Financial Officer of Pall Corporation (NYSE: PLL PLL - phase-locked loop ). Prior to joining Pall Corporation, Mr. Adamovich was at KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , where over a period of twenty-three years, he held various positions of increased responsibility within the firm's audit practice. Mr. Adamovich was an SEC Reviewing Partner, a Professional Practice Partner, and served as lead audit partner to many of the firm's largest publicly-held clients. He is also on the Board of Directors of Delta Financial Corporation (Amex: DFC DFC - A dataflow language. ["Data Flow Language DFC: Design and Implementation", S. Toshio et al, Systems and Computers in Japan, 20(6):1- 10 (Jun 1989)]. ). Mr. Adamovich, 52, graduated from St. John's University in 1975. In 1988, the University awarded him an honorary doctorate degree. He 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. and a member of both the American Institute of Certified Public Accountants With over 330,525 CPA members (in August 2006), the American Institute of Certified Public Accountants (AICPA) is the largest professional organization of Certified Public Accountants (CPAs) in the United States of America. and the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Society of Certified Public Accountants. About Aeroflex Aeroflex Incorporated is a global provider of high technology solutions to the aerospace, defense and broadband communications markets. The Company's diverse technologies allow it to design, develop, manufacture and market a broad range of test, measurement and microelectronic products. The Company's common stock trades on the Nasdaq National Market System under the symbol ARXX and is included in the S&P SmallCap 600 index. Additional information concerning Aeroflex Incorporated can be found on the Company's Web site: www.aeroflex.com. All statements other than statements of historical fact included or incorporated by reference in this press release regarding Aeroflex's financial position, business outlook, business strategy and plans and objectives of its management for future operations are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to Aeroflex or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of Aeroflex's management, as well as assumptions made by and information currently available to its management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, competitive factors and pricing pressures, the integration of the businesses of both JcAir, Inc. and the Test and Measurement division of UbiNetics Holdings Ltd., changes in legal and regulatory requirements, technological change or difficulties, product development risks, commercialization difficulties and general economic conditions. Such statements reflect our current views with respect to the future and are subject to these and other risks, uncertainties and assumptions relating to Aeroflex's financial condition, results of operations, growth strategy and liquidity. Aeroflex does not undertake any obligation to update such forward-looking statements. |
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