Brian Young, CPA Named as UniDyn Corporation's New CFO.Business Editors PHOENIX--(BUSINESS WIRE)--June 20, 2000 UniDyn Corp (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : UNDY Undy (Welsh: Gwndy) is a village in Monmouthshire, Wales. It is located just east of Magor and together they form the community (parish) of "Magor with Undy". ) today announced it has promoted Mr. Brian Young, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. to Chief Financial Officer (CFO See Chief Financial Officer. ). In this capacity, Mr. Young will oversee the Company's continued financial development and strategy. Mr. Young joined UniDyn as Controller in February 2000. "Brian's financial experience coupled with his management counseling expertise comes at a critical juncture for UniDyn Corporation as we seek to raise our profile on Wall Street and to expand business development efforts with major manufacturing companies," said Ira Gentry, 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. of UniDyn Corp. "Brian will be increasing his responsibilities within our organization and we believe his skills and background will further assist us as we take UniDyn to the next level." Mr. Young has more than 10 years of financial and administrative management experience in both the public and private sectors. Mr. Young founded and operated a successful financial consulting company prior to his initial appointment at UniDyn Corporation and served as Corporate Auditor with the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Dept. About UniDyn Corporation UniDyn is a leader in the quality assurance testing market with emphasis on fully automated testing of printed circuit boards. UniDyn has recently completed a corporate reorganization in preparation for substantial growth. The Company will have three production divisions: the Phoenix, Arizona Avalon plant to produce the Sterling products; the Orem, Utah plant to produce the North Star and MorningStar products; and, during the first quarter of 2000, the Los Angeles plant to produce Derritron products. In addition, the Company has a separate research and development division located in Orem, Utah. Safe Harbor 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: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission. |
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