Benthos Announces Promotions.NORTH FALMOUTH, Mass.--(BUSINESS WIRE)--March 18, 1999--Benthos, 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 :BTHS BTHS Brooklyn Technical High School BTHS Barth Syndrome BTHS Bartram Trail High School (Jacksonville, Florida) BTHS Brick Township High School (New Jersey) ) announced today the promotion of Robert A. Catalano and Kevin J. McCarthy into two newly created vice presidential positions. Mr. Catalano (age 44) has been promoted to Vice President of Operations. In this capacity, he will assume overall functional responsibility for all Benthos benthos: see marine biology. manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. which includes both its Undersea Systems and TapTone Container Inspection Systems divisions. Catalano will oversee production and inventory control, master scheduling, materials management, facilities management and manufacturing engineering. He will also maintain overall business development responsibility for the Company's geophysical hydrophone hydrophone (hī`drəfōn'), device that receives underwater sound waves and converts them to electrical energy; the voltage generated can then be read on a meter or played through a loudspeaker. products. Prior to this appointment, Mr. Catalano was the product line manager for Benthos' acoustic and hydrophone product groups. He has been with Benthos for 12 years and holds a BS degree in Geology from the University of Connecticut The University of Connecticut is the State of Connecticut's land-grant university. It was founded in 1881 and serves more than 27,000 students on its six campuses, including more than 9,000 graduate students in multiple programs. UConn's main campus is in Storrs, Connecticut. and 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 Northeastern University. Mr. McCarthy (age 45) has been promoted to Vice President of Sales and Marketing for the Undersea Systems Division of Benthos. Accordingly, he now assumes primary functional responsibility for all aspects of sales and marketing of the Company's undersea products. This includes selection and training of sales representatives and agents, marketing communications strategy, management of customer service, product management, pricing and distribution policies, international sales support, and future business development. Prior to this appointment, Mr. McCarthy was the product line manager for Benthos' imaging and remotely operated vehicle Remotely operated underwater vehicles (ROVs) is the common accepted name for tethered underwater robots in the offshore industry. ROVs are unoccupied, highly maneuverable and operated by a person aboard a vessel. (ROV ROV Remotely Operated Vehicle ROV Real Options Valuation ROV Return on Value ROV Range of View ROV Rostov, Russia - Rostov (Airport Code) ROV Roll-Over Valve (automotive fuel tanks) ROV Range of Value ) product groups. He has been with the Company for 13 years and holds a BS degree in Biology from Northeastern University as well as an MBA from Suffolk University. On making today's announcement, Benthos President 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. John L. Coughlin said, "Both Robert Catalano and Kevin McCarthy have been highly instrumental in our success over the past three years. These new positions reflect their ongoing contributions and strengthen our management structure." Benthos, Inc., through its Undersea Systems Division, designs, manufactures, sells and services oceanographic and robotic equipment for undersea exploration and research; and through its TapTone Container Inspection Division markets systems for testing consumer packages made of glass, metal or plastic. The common stock of the Company is traded on the Nasdaq SmallCap Market under the symbol BTHS. For further information, visit the Company's web site at www.benthos.com. The statements in this news release and in oral statements which may be made by representatives of the Company relating to plans, strategies, economic performance and trends and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Federal Securities Laws. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors which include: the timing of large project orders, competitive factors, shifts in customer demand, government spending, economic cycles, availability of financing as well as the factors described in this news release. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described herein as anticipated, believed, estimated, expected or intended. |
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