Bratcher Named VP of Operations At Vari-Lite; Former Showco Executive to Oversee Manufacturing, Assembly, Customer Service.Business Editors DALLAS--(BUSINESS WIRE)--June 18, 2002 As part of the company's commitment to continually improve and upgrade its manufacturing processes, Vari-Lite Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Vari-Lite International Inc. (Nasdaq:LITE), has promoted Richard Bratcher to Vice President of Operations. The move comes at a time when the manufacturing and shipment of the new and highly popular VL1000(TM) ellipsoidal reflector spotlight Ellipsoidal reflector spotlight (abbreviated to ERS, or colloquially ellipsoidal) is the name for a type of theatrical light, getting the name from the ellipsoidal reflector used to intensify the light of a back-loading lamp through the barrel and lens. is at an all-time high. "The success of the VL1000 ERS ERS, n.pr See extended rotated side-bent. product line has been tremendous," said Vari-Lite President and COO Clay Powers. "As we continue to grow as a manufacturer, we want to ensure that the manufacture and assembly of all VARI Va´ri n. 1. (Zool.) The ringtailed lemur (Lemur catta) of Madagascar. Its long tail is annulated with black and white. *LITE(R) products continues to improve to meet the expectations of a very demanding market. Continuous improvement of our assembly operations along with all company processes will allow us to remain competitive going forward." Bratcher, a member of the Vari-Lite family since 1983, will oversee all manufacturing and assembly operations at the Vari-Lite headquarters in Dallas. In addition, Bratcher will continue to head Vari-Lite's Customer Service Department. Prior to joining Vari-Lite Inc., Bratcher served as president, 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. and director of Showco Inc. "Richard is a hard-working, dedicated manager who has always been focused on continuous improvements of company processes," Powers said. "He is a competitor, a great leader of people and a tireless evangelist of change. I can't imagine a better teammate in today's extremely competitive business." About Vari-Lite Publicly traded on the Nasdaq National Market since 1997 under the symbol LITE, Vari-Lite International Inc. is a leading worldwide designer and manufacturer of automated lighting products and distributor of lighting systems and related production services. The Company markets its products and services primarily to the entertainment industry, serving such markets as concert touring, theater, television and film and corporate events. The Company's manufacturing and sales division sells VARI*LITE(R) automated lighting equipment through a dedicated sales staff and a worldwide network of independent dealers. For more information, visit the website at www.vari-lite.com. The foregoing paragraphs contain certain 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. 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. Although the Company believes the expectations contained in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These expectations may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings. |
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