American Technology Corp. Announces New Corporate Structure.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--March 31, 2003 Company Reports Strong Quarter in Military Business Announces Date for Annual General Meeting of Shareholders American Technology Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATCO ATCO Air Traffic Control Officer ATCO Association of Transport Coordinating Officers (UK) ATCO Air Tanker/Fixed Wing Coordinator ATCO Aviation Transportation Coordination Office ATCO Air Taxi and Commercial Operator ) today announced a new corporate structure to streamline operations and provide scalability for growth. Under the direction of new 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. James M. Irish, the company is being structured into six divisions: Sales and Marketing, Research and Development, Engineering, Manufacturing Management, Military Operations This is a list of missions, operations, and projects. Missions in support of other missions are not listed independently. World War I ''See also List of military engagements of World War I
He was made governor of Haddington in 1549, and became lord deputy of Ireland in 1551. will take on a new post as Senior Vice President of Research and Development. Renee Warden, Chief Accounting Officer will expand her oversight with added responsibilities as Director of Human Resources and Director of Information Systems. Terry Conrad has accepted the dual positions of Senior Vice President of Engineering and Military Operations to focus on these important and expanding divisions. "Our new corporate structure streamlines communications and task management to match our order and product flow," said Irish. "Along with focusing on our core competencies by division, this new structure increases productivity and more effectively harnesses the collective talent within American Technology. We have also instituted new cost control and human resources policies that, along with our new corporate structure, will prepare us for growth." Irish continued, "Mr. Conrad and Mr. Croft have proven themselves in their previous positions and I am excited to have them managing three of our new divisions. While we have transitioned from pure research and development to the sales and marketing of our revolutionary sound technologies, we have also made substantial progress in manufacturing and marketing our HSS HSS Humanities and Social Sciences HSS High Speed Steel HSS Home Subscriber Server (3GPP) HSS Hospital for Special Surgery (New York, NY, USA) HSS Hospital for Special Surgery HSS History of Science Society (R) technology to the commercial, military and government markets." Terry Conrad, new Senior Vice President of Military Operations said, "I am very pleased to announce that we have booked record military business for this quarter that exceeds all our military business in fiscal year 2002. These military purchase orders and contracts call for HIDA HIDA Health Industry Distributors Association HIDA Hepatobiliary Iminodiacetic Acid (scan to evaluate galbladder) HIDA High Intensity Directional Acoustics (American Technology Corporation and Carver Corporation) (TM) (High Intensity Directed Acoustic) devices and NeoPlanar(R) installations through two divisions of General Dynamics. We have also begun supplying technical support for counter-terrorism acoustics directly to the U.S. Government. We expect this record trend to continue as more military, government and homeland security business is being booked." The company also announced that it will hold its Annual General Meeting of Shareholders on Thursday, May 29 at its corporate offices in San Diego. Proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other are scheduled to be mailed to all shareholders on or before April 28. About American Technology Corp. American Technology Corp. is Shaping the Future of Sound(R) by developing and licensing its technology and intellectual property portfolio which includes: the award-winning HSS(R) (HyperSonic hy·per·son·ic adj. Of, relating to, or capable of speed equal to or exceeding five times the speed of sound. hy (R) Sound Technology); NeoPlanar(R) Technology; PureBass(R) Sub-Woofer Technology; HIDA(TM) (High Intensity Directed Acoustics) and Stratified stratified /strat·i·fied/ (strat´i-fid) formed or arranged in layers. strat·i·fied adj. Arranged in the form of layers or strata. Field(R) Technology. The company is establishing a strong portfolio of patents, trademarks, and know-how including over 124 U.S. and foreign patents and patent filings to date. For more information on the company and its technologies and products visit our Web site at www.atcsd.com. 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 document contains forward-looking statements relating to future transactions, performance, technology and product development which may affect future results and the future viability of the company. Actual results could be affected or differ materially from those projected in the forward-looking statements as a result of risks and uncertainties, including the ability of the company to continue as a going concern, development of future products, technological shifts, potential technical or manufacturing difficulties that could delay new products, competition, general economic factors, pricing pressures, the uncertainty of market acceptance of new products and services by OEMs and end-user customers, and other factors identified and discussed in the company's most recent filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from the company's current expectations. American Technology Corp. disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated by it. |
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