Allied Devices makes announcement.BALDWIN Baldwin, cities, United States Baldwin. 1 Uninc. city (1990 pop. 22,719), Nassau co., SE N.Y., on the south shore of Long Island, on Baldwin Bay; settled 1640s. A fishing center and summer resort, it has varied manufactures. , N.Y.--(BUSINESS WIRE)--Aug. 26, 1996--Allied Devices Corp. (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 :ALDV) is pleased to announce that 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. J. Smallacombe has been elected as a director. The company is on an acquisition campaign, and Smallacombe will be applying his 30 years of experience as a professional 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. to the task. For the past ten years, he has been a management consultant specializing first in strategic assessments for shareholder groups, creditors and boards of directors and then in serving as a temporary chief executive in carrying out changes and plans. For the 20 years prior to that, he served as president in four successive companies, planning and carrying out aggressive growth plans. He will be working closely with Allied Devices to identify and qualify prospects, to plan their acquisition, and to assist with managing transition of ownership. Allied Devices sells to OEMs in the medical, optical, semiconductor and aerospace industries, providing value-added val·ue-add·ed adj. Of or relating to the estimated value that is added to a product or material at each stage of its manufacture or distribution: and engineered components crucial to the competitiveness of their growth products. The company is a leading manufacturer and distributor of high precision mechanical components and sub-assemblies, conforming to exacting tolerances and making up the inner workings of high performance and leading edge industrial and commercial equipment. CONTACT: Allied Devices Corporation Paul M. Cervino, 516/223-9100 |
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