CLARIFICATION of Seertech Press Release.CHARLOTTE, N.C. -- Seertech Corporation wishes to issue the following clarification to its release, BW5261 (NC-SEERTECH) "Seertech Names William L. Baumgardner, Jr. to Board of Directors; Chairman Michael Sauvante Steps Down to Pursue Outside Interests" issued earlier Friday: Ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors in first graph should be listed as (Other OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :STCR STCR Soil Test Crop Response STCR Sim Toolkit Control Response ) The release follows in its entirety: Seertech Corporation (Other OTC:STCR), a developer of advanced technologies for the display, signage, and power industries, announced the appointment of William "Bill" Baumgardner, Jr. to its Board of Directors. Additionally, Michael Sauvante has elected to step down as Seertech's Chairman to pursue outside interests. He will continue to provide consulting services to the company in a variety of areas. Frank Bachinsky, Seertech's President and Chief Executive Officer, has assumed the role of Chairman for the company. Mr. Baumgardner is the President and Chief Executive Officer of BACE n., a., & 1. See Base. International Corporation. He is a graduate of the University of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. at Charlotte (UNCC UNCC University of North Carolina Charlotte UNCC United Nations Compensation Commission UNCC Utility Notification Center of Colorado ) in 1972, and began his career as a tax specialist with Coopers & Lybrand. Bill specialized in client representation in areas of disputed tax compliance with the Internal Revenue Service. In 1975, he founded and became Managing Partner of Baumgardner, Parrish, Smith & Co. The firm soon gained a reputation for expertise in taxation issues. In 1980, Bill founded Mid-South Financial Group, where he served as President and Chief Executive Officer. The firm provided consultancy services in the areas of strategic tax defense, financial syndications, partnership formations and private equity placements. In 1984, he joined First American First American may refer to:
The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , as President and Chief Executive Officer. Bill implemented a restructuring program there that resulted in a net asset improvement of $183 million. In 1985, Bill founded StaffAmerica and grew it to a business that managed gross annual payroll revenues of over $850 million prior to its sale in 2003. BACE was founded in 1989 to act as the parent holding company of the corporate interests owned by the Baumgardner family. Frank Bachinsky, Seertech's Chairman and Chief Executive Officer, commented "Bill is a valuable addition to Seertech's board. His vast experience and numerous professional relationships will be a tremendous benefit to the company. I wish Michael Sauvante great success with his future endeavors and thank him for all of his contributions to the company. We also look forward to his continuing contributions to the company in the form of advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal in the areas of new business and technology development." About Seertech Corporation Seertech Corporation is developing advanced technologies and manufacturing processes to produce affordable electronic products with improved features. Through its subsidiaries Seertech will produce products and components based on its proprietary technologies in the display, digital signage, and power industries. Please visit seertechcorp.com for more information. Disclaimer: This press release contains forward-looking statements within the meaning of federal securities laws and is subject 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. under those laws. These forward-looking statements include statements regarding Seertech Corporation's anticipated technical accomplishments and business development, its competitive position, expected revenues, the effect on Seertech profitability and cash flow and statements relating to the timing of transactions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. The forward-looking statements in this press release are based on current expectations and Seertech assumes no obligation to update these forward-looking statements. |
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