Alpha Technologies Group Inc. Announces Management Changes.BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif.--(BUSINESS WIRE)--May 27, 1999-- Alpha Technologies Group Inc. (Nasdaq:ATGI ATGI Alpha Technologies Group, Inc. ATGi Active Technologies Group, Inc. ) announced today that Lawrence Butler has been named Chairman of the Board and Robert C. Streiter has been named 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. and elected to the Board of Directors. Lawrence Butler was elected Chairman and Chief Executive Officer of the Company. He has served as President and Chief Executive Officer of the Company since April 19, 1995 and has been a director and an executive vice president since September 1994. Mr. Marshall Butler, former Chairman of the Board, will continue to be a board member and serve on the executive committee. Robert C. Streiter has served as President of Uni-Star Industries Inc., the Company's connector subsidiary, since March 23, 1998 and President of Wakefield Engineering Inc., the Company's thermal management subsidiary, since Sept. 21, 1998. Prior to joining Alpha, Mr. Streiter served in various management capacities for the past ten years at AVX AVX Adult Video XXX AVX Avid Visual Extensions AVX anti Virus Expert Filters Corporation, Sun Valley, Calif., the electronic filters and capacitors manufacturing division of AVX Corporation. His most recent position at AVX Filters was plant manager with full operational and P&L responsibilities. Alpha Technologies Group Inc. designs, manufactures and sells thermal management products, electronic connectors and custom-designed electronic subsystems. The Company's thermal management products, principally heat sinks that dissipate unwanted heat generated by electronic components, serve the microprocessor, computer, consumer electronics, transportation and other industries. Its connector products serve a variety of industries including aerospace, automotive, communications and defense. Its custom-designed subsystems are used by military, telecommunications and commercial customers. For additional information, see Alpha Technologies Group Inc.'s Web site at http://www.alphatgi.com. In conjunction with the provisions of the new "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " section of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, this press release may contain forward-looking statements pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to future anticipated projected plans, performance and developments, as well as other statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectations. Further information on potential factors which could affect Alpha Technologies Group Inc. are included in the company's Form 10Q and Form 10K filed with the Securities and Exchange Commission. |
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