American Building Control Severs Ties with George Broady.Business Editors/High-Tech Writers LEWISVILLE, Texas--(BUSINESS WIRE)--Jan. 29, 2004 American Building Control, Inc. (Nasdaq:ABCX), a global provider of electronic systems and services for use in the security and surveillance industry, announces today that it has settled the outstanding severance and separation issues with George Broady, a former 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. and Chairman with the Company. The settlement does not affect Mr. Broady's stock ownership in the Company. Danny Mills Daniel John "Danny" Mills (born May 18 1977 in Norwich, Norfolk) is an English professional footballer, who currently plays for Charlton Athletic currently on loan from Manchester City. His main position is right-back though he can also play in central defence. , Chief Executive Officer and President of American Building Control said, "We have reached an agreement with Mr. Broady to sever TO SEVER, practice. When defendants who are sued jointly have separate defences, they may in general sever, that is, each one rely on his own separate defence; each may plead severally and insist on his own separate plea. See Severance. all ties with the Company as a consultant and former officer. Mr. Broady was an instrumental part of the history of the Company and we have mutually decided that a clear separation will best conclude this chapter and enable both the Company and Mr. Broady to move on." About American Building Control, Inc. With headquarters located in the Dallas suburb of Lewisville, Texas Lewisville is a city in Denton County and Dallas County, Texas (USA). As of the 2000 census the city had a total population of 77,737. With strong population growth continuing into the new millennium, the U.S. Census Bureau gives a 2006 population estimate of 94,589. , American Building Control Inc. (formerly Ultrak, Inc.) is a global leading provider of access control, consumer/do-it-yourself, industrial video product, mobile video-product, and alarm-management products as well as services. For more information on American Building Control please call 800-221-7225. Forward-Looking and Cautionary Statements Except for the historical information and discussions contained herein, certain statements included in this press release may constitute "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. " within the meaning 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. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. |
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