Carroll Taylor Joins Ontro Board; Brings Invaluable Experience to Marketing Self-Heating Container in the U.S. and Abroad.POWAY, Calif.--(BUSINESS WIRE)--Oct. 21, 1998--ONTRO, Inc. (Nasdaq:ONTR ONTR Orders Not to Resuscitate ) has announced that Mr. Carroll Taylor has joined the Company's board of directors. He has been involved in the plastics industry for over 25 years. Jim Scudder, 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 President of Ontro, Inc., said that "the Company was especially fortunate in having a man of Mr. Taylor's standing in the plastics industry join its board of directors. We look forward to drawing upon his experience and counsel," he said. Mr. Taylor earned a B.S degree in Chemical Engineering and began his career in 1966 with Monsanto Company as a production manager and after completion of an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , transferred to a marketing career path. He went on to serve in increasingly responsible positions with emphasis on product management and major account sales, completing his tenure with Monsanto as business director of the company's 800 million pound polystyrene polystyrene (pŏl'ēstī`rēn), widely used plastic; it is a polymer of styrene. Polystyrene is a colorless, transparent thermoplastic that softens slightly above 100°C; (212°F;) and becomes a viscous liquid at around 185°C; business. In 1985, Mr. Taylor joined Spartech Corporation, a fast growing plastics converting business. Jim Scudder said that, "Mr. Taylor's hands-on experience would obviously be invaluable to the company as we proceed to market the ONTRO self-heating container in domestic and overseas markets." Mr. Taylor joins a distinguished group of food and packaging industry leaders who have been appointed to the ONTRO board. They include two additional outside directors, Mr. Robert Coston and Mr. Douglas Moul. Mr. Coston was previously President of Ardmore Farms, a subsidiary of the Quaker Oats Company and has held various positions with A. E. Staley A. E. Staley is a Decatur, Illinois based processor of corn, owned by Tate & Lyle, PLC. It produces a range of starch products for the food, paper and other industries, high fructose corn syrup, crystalline fructose (under the brand name Krystar), ethanol (fuel) and other Manufacturing, the Carnation carnation: see pink. carnation Herbaceous plant (Dianthus caryophyllus) of the pink family, native to the Mediterranean, widely cultivated for its fringe-petaled, often spicy-smelling flowers. Company, and General Foods. Mr. Moul has, for over thirty years, held various management and executive positions with American Can Company of Canada and was senior vice president and general manager for the successor American National Can Company until his retirement in 1989. ONTRO, Inc. is engaged in the research and development of integrated thermal containers which is similar in size and shape to typical beverage containers in size and shape and are activated by the consumer to heat the contents within a few minutes. ONTRO is traded on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. Symbol: ONTR + ONTRW. Except for historical information contained herein, the matters discussed in this news release involve forward looking statements, and involve projections of future events and occurrences, that are subject to many risks and uncertainties. These risks and uncertainties include, but are not limited to, Mr. Taylor's other commitments, how the revised board interacts, what the actual results of Ontro's technical research will be, general market awareness and acceptance of thermal containers, as well as the Company's ability to timely develop commercially viable products and manufacturing capabilities. These risks also include those referenced in the Company's final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. dated May 11, 1998, as amended and those referenced in the Company's other public reports and announcements. Actual results may differ materially from those projected herein. Such 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. represent the Company's judgment as of the date of this release. The Company disclaims any intent or obligation to update these or other forward-looking statements. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion