Builders Warehouse Association Management Changes.LOS ANGELES--(BUSINESS WIRE)--April 13, 1995--A group of two financial investors have been appointed as the Board of Directors of Builders Warehouse Association 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 : BWAI), the company announced today: The two are: Par Chadha and Barry Witz, who came highly recommended based on their experience and finance. They are investors focused on turn-around situations and financial restructuring and recapitalization of public companies. Both currently have interests in many publicly and privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in various industries, including fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber , broadband communications, business computer systems and specialty foods. The company has been going through restructuring in order to retain its profitable stores and discontinue non-beneficial operations. The Company has been focused on asset management in order to achieve positive cash flow and maximize shareholder value. Builders Warehouse Association Inc., is a building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . distributor primarily catering to professional builders and contractors. CONTACT: Azemuth Inc. Investor Relations Investor relations The process by which the corporation communicates with its investors. Ike Suri, 310/315-4979 |
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