Applied Digital Access announces new member on board of directors.SAN DIEGO--(BUSINESS WIRE)--Dec. 19, 1996--Applied Digital Access Inc. (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 :ADAX) Thursday announced that Kenneth E. Olson has joined the company's board of directors. Olson's election fills a current vacancy on the company's board. Olson has served as chairman of Proxima Corp. since 1984, and previously served as its chief executive officer from 1990 to 1996. Previously, he was the chairman and chief executive officer of Topaz Inc., and served as a group manager for the Square D Co. Olson is an electronics engineer and holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Pepperdine University Pepperdine University is a private institution of higher learning affiliated with the Church of Christ in unincorporated Los Angeles County, California, United States. The university's location overlooks the Pacific Ocean and is adjacent to the city limits of Malibu. . He was named Entrepreneur of the Year for the San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. high technology community in 1993 and was San Diego's Director of the Year in 1994. He currently serves as a member of the board of directors of Proxima, LIDAK Pharmaceuticals and three private companies. Applied Digital Access is a leading provider of Network Performance Management products that include systems, software and services used to manage the quality, performance, availability and reliability of telecommunications service providers' networks. These products enable telecommunications service providers to improve quality of service, increase productivity and lower operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. . The company has headquarters in San Diego. -0- "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: Except for historical information contained in this release, the preceding may contain forward-looking statements that involve potential risks and uncertainties which include rapid technological change and dependence on new product development, dependence on development efforts of partners, telephone company qualification requirements, competition, proprietary technology, the concentration of major customers, dependence on suppliers and subcontractors, management of changing business, and dependence on key personnel. Other potential risks and uncertainties that may affect the company are outlined in the company's SEC reports, 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. for the year ended Dec. 31, 1995, and the most recent Form 10-Qs. The company's actual results could differ materially from those discussed in this release. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. The company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this release. CONTACT: Applied Digital Access Inc., San Diego Marilyn Suey/Peter Savage, 619/623-2200 619/623-2208 (fax) or The Townsend Agency Susan Eppel, 619/457-4888 619/453-7010 (fax) |
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