BCT International, Inc. Announces a Management Reorganization by Board of Directors.Business Editors FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Feb. 23, 2001 BCT BCT Brigade Combat Team BCT Basic Combat Training BCT Best Conventional Pollutant Control Technology (EPA) BCT Business Cards Tomorrow BCT Banque Centrale de Tunisie (Central Bank of Tunisia) International, Inc. (Nasdaq:BCTI BCTI Business Computer Training Institute BCTI Battlefield Control Terminal Interface ), announced today that its Board of Directors has approved a reorganization of Senior Management of the Company. Under the reorganization, Chairman William A. Wilkerson will assume the additional duties of Chief Executive Officer; Peter T. Gaughn, formerly President and Chief Executive Officer, will assume the duties of President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. ; and Henry A. Johnson will assume the duties of Senior Vice President. "In January, we processed 30,000 orders through our B to B site, Orderprinting.com -- a growth of 263% over last January," stated William Wilkerson, Chairman and 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. . "The reorganization will allow Peter Gaughn to focus on growing our e-commerce business, which includes 6,200 companies serviced by our channel of printing brokers." William Wilkerson, Chairman and CEO, also stated, "The Board believes Henry Johnson Henry Johnson could refer to:
BCT International, Inc. is a holding company which operates Business Cards Tomorrow, Inc. the world's largest wholesale printing chain, with Franchises located in the United States, Canada, and Argentina. The Company is headquartered in Ft. Lauderdale, Florida and its common stock trades on Nasdaq under the symbol "BCTI". This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. These statements 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. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, new products and technological changes, product prices and raw material costs, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. |
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