BRIDGEPORT MACHINES NAMES PAUL J. FISSEL TO BOARD OF DIRECTORS.
Mr. Fissel, 45, is an Executive Vice President and Managing Director with Morris Anderson Advisors, Inc., an investment advisory firm serving the Kansas Development Fund, an investment fund of the Kansas Public Employees Retirement System, a large shareholder of the Company. Mr. Fissel, who joined Morris Anderson in 1991, has over 16 years of managerial experience in the financial industry, having previously served as Managing Director-Commercial Finance Division for Whirlpool Financial Corporation in Chicago. He holds a B.S. degree in mathematics from the University of Kentucky and an M.B.A. in finance from Xavier University in Cincinnati.
Mr. Fissel replaces Sharon James, formerly with Morris Anderson Investment Advisors, Inc., on Bridgeport's Board of Directors.
Joseph E. Clancy, Chairman and Chief Executive Officer of Bridgeport Machines, commented: "We are very pleased to welcome Paul Fissel as a member of our Board of Directors. His experience in the financial industry and knowledge of our Company will make his contribution most valuable to our continuing growth."
Bridgeport Machines, Inc., founded in 1939, is a leading manufacturer of manual and computer numerically controlled (CNC) metal cutting machine tools in the United States and United Kingdom. The Company primarily focuses on standardized, general-purpose machine tools for small-to-medium sized machine shops throughout the United States and in 60 countries world-wide. The Company also manufactures and sells surface grinders under the Harig brand name and sells manual and CNC lathes under the ROMI and EZ-PATH brand names.
CONTACT: BRIDGEPORT MACHINES, INC.
President & Chief Financial Officer
June Filingeri, Cara Thompson
Terry Rooney/Helen Spanakos