American Bank Note Holographics Announces Changes to its Board of Directors.Business editors ELMSFORD, N.Y.--(BUSINESS WIRE)--Feb. 24, 2000 American Bank Note Holographics, Inc. announced today that Fred J. Levin has been appointed to the Company's Board of Directors, and will serve on the Audit Committee of the Company's Board of Directors. The Company also announced that C. Gerald Goldsmith resigned from the Board of Directors. Fred Levin Fredric G. Levin (born March 29, 1937) is an American plaintiffs' attorney in the state of Florida, and the namesake of the Fredric G. Levin College of Law at the University of Florida. is President of the Concord division of the Movado Group, a leading international manufacturer of luxury watches. Prior to joining the Movado Group, Mr. Levin was a management consultant at McKinsey & Company. Mr. Levin earned a Masters in Business Administration from the Harvard Graduate School of Business Administration and a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Industrial Engineering from Northwestern University Northwestern University, mainly at Evanston, Ill.; coeducational; chartered 1851, opened 1855 by Methodists. In 1873 it absorbed Evanston College for Ladies. . Kenneth Traub, President of the Company, stated, "On behalf of the Board, we would like to thank Gerry for his service and we would like to welcome Fred to the Company's Board of Directors. We are confident that Fred will bring valuable insights to the Board and to the Company's operations." American Bank Note Holographics is a leader in the origination, production, and marketing of mass-produced secure holograms. The Company's products are used for security applications, such as counterfeiting protection for credit and other transaction cards, identification cards and documents of value, as well as for tamper resistance Tamper resistance is resistance to by either the normal users of a product, package, or system or others with physical access to it. There are many reasons for employing tamper-resistance. and authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. of high-value consumer and industrial products. This news release includes 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. that involve risks and uncertainties. Although the Company believes such statements are reasonable, it can make no assurances that such statements will prove to be correct. Such statements are subject to certain factors which may cause actual results to differ materially from the forward-looking statements, including but not limited to, risks associated with pending shareholder litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; competition in the market for holograms; retaining and attracting key employees; and changes in business conditions which might impact customers and suppliers. The Company undertakes no obligation to publicly release results of any of these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results. |
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