Benthos Retains Investment Banking Firm.NORTH FALMOUTH, Mass.--(BUSINESS WIRE)--March 9, 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) ) has recently retained the services of Philpott, Ball & Company, an investment banking firm which will assist in the Company's efforts to expand its business opportunities by strategic acquisition of other business entities. The announcement was made by Benthos benthos: see marine biology. 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 at the Annual Meeting of Shareholders on Friday, March 5, 1999. "Since 1995, Benthos has achieved a compound sales growth rate in excess of 20% per year, primarily by internal product development," stated Coughlin. "With our very strong balance sheet, we are well-positioned to further expand our revenue base through the acquisition of businesses that complement our core strategies." Philpott, Ball & Company, with offices in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New and Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. , is a private investment banking firm advising middle market companies located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Western Europe. 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. 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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