American Custom Components Taps Industry Veteran Michael Orton for Executive VP Position.ANAHEIM, Calif.--(BUSINESS WIRE)--Oct. 21, 1997-- Fast-Growing Electronic Parts Maker Increases Management Depth With Top Industry Talent to Handle Explosive Growth in Computer and Telecom Sectors Fulfilling its promise to bring in top industry talent to manage its rapid growth, American Custom Components (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RBBS RBBS Remote Bulletin Board System RBBS Remote Bulletin Board Service ) Tuesday announced the appointment of Michael R. Orton as executive vice president. Orton, a well-known technology executive, is a veteran of numerous high-profile assignments at firms such as IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Micropolis, JTS JTS - A simple dialect of JOVIAL. [Sammet 1969, p. 528]. Corp., and Laser Magnetic Storage International. Orton's appointment follows American Custom Components' (American) Oct. 14 announcement that it has acquired the services of former Seagate Technology (company) Seagate Technology - A major manufacturer of hard disk drives, founded in 1979 as "Shugart Technology" by Alan F. Shugart and Finis Conner. That name is on the original patents for the 5.25" hard disk drive. senior strategist John Groom. "In addition to being recognized industry heavyweights, their respective skills make a powerful combination," said American's founder Tony Walk. Orton is strong in administration and systems, while Groom is a world-class strategist and new products engineer. "Furthermore, they have the credentials and global contacts to bring in a great deal of new business. "We've proven that we have the patent-winning design talent and manufacturing capability to meet the needs of the leading technology OEMs," continued Walk, "and in bringing on board Michael Orton and John Groom, we now have the top-level talent to manage our rapid growth and bring it to the bottom line. Michael has managed international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. that have grown to over $100 million in a very short time, and John Groom's accomplishments at Seagate are well-respected throughout the industry." "I am confident we can duplicate American's remarkable success with disk drive makers, in the fast-growing telecommunications area," commented Orton. "And the participation in leading-edge technologies such as the retail shelf-price tag system A tag system is a deterministic computational model published by Emil Leon Post in 1943 as a simple form of string rewriting system. A tag system may also be viewed as an abstract machine, called a Post tag machine is very exciting." American Custom Components is reshaping the specialty electronic parts business by offering a unique "rapid response" development process to leading technology companies. As larger old-line parts suppliers have increasingly focused on large-volume lower-margin items, a void has been created in supplying custom-designed parts for new technology products. American's ability to design and produce new parts in as little as four weeks (vs. 14 or more weeks for larger suppliers) has yielded an impressive stream of high-margin contracts for state-of-the-art components used in products manufactured by major U.S. technology companies. A California company founded in 1994, American is using its success in disk drive components to fuel its participation in exciting new products such as a revolutionary new electronic retail shelf price-tag system; a cell phone recharger; critical performance components for the U.S. government's TOW missile system; and a new credit card-activated gas pump -- all containing American's patented design elements. -0- Statements in this release are made pursuant to the "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. " provisions 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. Investors are cautioned that such 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. involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, and dependence on third-party suppliers. CONTACT: The Michelson Group Inc. 800/824-4011, Ext. 119 or 120 |
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