American Technical Ceramics Corp. Announces the Expansion of Its Board of Directors.HUNTINGTON STATION, N.Y.--(BUSINESS WIRE)--August 4, 1999-- American Technical Ceramics Corp. (AMEX AMEX See: American Stock Exchange Symbol: AMK AMK Ammattikorkeakoulu AMK Ang Mo Kio AMK Angkor Mikroheranhvatho Kampuchea (Cambodia microfinance) AMK Angkatan Muda Keadilan (Malaysia) ) announced today that it has expanded its Board of Directors from five members to six members and has appointed Thomas J. Volpe to fill the resultant vacancy. Mr. Volpe is currently Senior Vice President Financial Operations of the Interpublic Group Companies, Inc. He joined Interpublic in 1986 after spending 16 years with Colgate-Palmolive Company where he held a series of International positions before becoming Assistant Corporate Controller in 1978 and a Vice President and Treasurer in 1981. Mr. Volpe also serves on the Board of Alliance Atlantis Corporation, Industry Leader's Fund and Silicon Gaming Corporation. He is a Director and Treasurer of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Chapter of Multiple Sclerosis, Chairman of the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of St. Francis College and a past President of the New York Chapter of the Financial Executives Institute. Victor Insetta, Chairman and Chief Executive Officer of the Company, stated that "We are extremely fortunate to have Tom join our Board. Tom's wealth of experience in marketing and finance will be invaluable to us in our efforts to grow and build the value of our business." AMERICAN TECHNICAL CERAMICS CORP. designs, develops, manufactures, and markets RF/Microwave/Millimeter-Wave ceramic and porcelain capacitors and Thin Film Products. The Company's products are focused primarily in the high reliability market for UHF (Ultra High Frequency) The range of electromagnetic frequencies from 300 MHz to 3 GHz. In the U.S., analog television has used UHF channels 52 to 69 in the 700 MHz band. and microwave applications. "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. " statement under 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 release may contain forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, increases in prices of raw materials, fluctuations in operating results, delays in development of highly-complex products and other risks detailed from time to time in American Technical Ceramics Corp.'s filings with the Securities and Exchange Commission, including, without limitation, those contained under the caption "Item 1. BUSINESS--CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS" in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . These risks could cause American Technical Ceramics Corp.'s actual results for future periods to differ materially from those expressed in any forward looking statements made by, or on behalf of, the Company. |
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