Bonded Motors Announces Appointment of New Vice President of Sales and Warehouse Operations.Business Editors LOS ANGELES--(BUSINESS WIRE)--March 9, 2000 Bonded Motors Inc. (Nasdaq:BMTR BMTR Backup Memory Transfer (AT&T) ) today announced the appointment of industry veteran Dan Belling to the position of Vice President of Sales and Warehouse Operations. Belling brings extensive experience and technical knowledge to the post. His first assignments will be to improve communications with the Company's existing customer base, and to study and revise internal systems and distribution channels. Bonded Motors also announced that it anticipates improved gross margins with the new pricing structures in place for the current fiscal year. Bonded Motors (www.bondedmotors.com) is a remanufacturer of car and light truck engines with headquarters in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . The Company's principal customers are automotive parts chain stores, such as Pep Boys, CSK CSK see chronic superficial keratitis. Automotive and Genuine Parts (NAPA). 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. statement under 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: The statements in this release regarding operational improvements and changes, future revenue and earnings expectations, and expansion of the company's markets, are subjective or forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that include risks and uncertainties, including, but not limited to, product demand and development, technological advancements, impact of competitive products and pricing, growth in targeted areas, manufacturing capacity, risks of foreign operations and other information detailed from time to time in the company's Securities and Exchange Commission filings. |
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