Argon ST, Inc. Announces Management Change.FAIRFAX, Va. -- Argon ST, 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 :STST) today announced that Donald F. Fultz has resigned as Chief Financial Officer to pursue other opportunities, effective as of July 9, 2005. Argon ST also announced that its board of directors has appointed Victor F. Sellier, the company's current Vice President, Business Operations and Secretary, to assume the additional duties of Chief Financial Officer upon Mr. Fultz's resignation. Mr. Fultz will continue to be employed by the Company and will assist in transition matters until August 5, 2005. "We want to thank Don for his years of service at Sensytech, Inc., as well as for his efforts throughout the Argon/Sensytech merger and our subsequent integration," stated Terry L. Collins, Chairman, 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 President. "Don leaves Argon in excellent financial condition, with a very sound and effective financial and compliance infrastructure. We wish Don the very best in his future pursuits." Prior to the merger of Argon Engineering Systems, Inc. and Sensytech, Inc. in September 2004, Mr. Sellier was the Chief Financial Officer, Secretary and Treasurer of Argon Engineering. Mr. Sellier is a director of the company. "Vic brings great financial and industry experience and exceptional business insight to his additional role as CFO See Chief Financial Officer. , and I look forward to continuing our growth and success with him," said Mr. Collins. About Argon ST, Inc. Argon ST designs, develops, and manufactures systems and sensors for the Command and Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance An activity that synchronizes and integrates the planning and operation of sensors, assets, and processing, exploitation, and dissemination systems in direct support of current and future operations. This is an integrated intelligence and operations function. Also called ISR. (C4ISR C4ISR Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance C4ISR Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance C4ISR Command Control Communications Computers Intelligence Surveillance and Reconnaissance ) markets including SIGINT Noun 1. SIGINT - intelligence information gathered from communications intelligence or electronics intelligence or telemetry intelligence signals intelligence (signals intelligence), ESM (Electronic Support Measures), EW (Electronic Warfare), imaging, and acoustic systems serving domestic and worldwide markets. Statements in this press release which are not historical facts are forward-looking statements under the 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. All forward-looking statements involve risks and uncertainties. The Company wishes to caution readers that certain factors can cause the Company's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company. The Company undertakes no obligation and does not intend to update, revise or otherwise publicly release the results of any revisions to these forward-looking statements that may be made to reflect future events or circumstances. |
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