Certified Fabricators, Inc. Appoints Lauderdale President And Chief Executive Officer.Business Editors BUENA PARK Buena Park (bwā`nə), city (1990 pop. 68,784), Orange co., S Calif.; inc. 1953. Food processing, the manufacture of aircraft, and tourism are important to the city's economy. , Calif.--(BUSINESS WIRE)--March 25, 2002 Certified See certification. Fabricators, Inc. (CFI CFI abbr. cost, freight, and insurance ), a Precision Partners Company, today announced the appointment of Joseph Lauderdale as president and chief executive officer. Mr. Lauderdale succeeds Dennis Williams as president, who has chosen to pursue other business interest opportunities. Mr. Williams will continue to serve CFI as a consultant to the executive team until the end of 2002. Peter J. Statile, executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Precision Partners commented, "CFI is fortunate to have Joe Lauderdale on our CFI team. He brings both the capabilities and experience to provide continuity to our customers and accelerate CFI's growth in the aerospace and defense industries. At the same time, we thank Dennis for his contributions as president of CFI and extend our best regards to him in his future pursuits." Certified Fabricators, Inc. engineers and manufactures a wide-range of products supporting commercial and defense aerospace, marine, and power generation customers in the continental U.S. For more information, please visit the company's website at: www.certifiedfab.com In addition to the historical financial information contained herein, this release contains 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. . Forward-looking statements involve known and unknown risks and uncertainties, which may cause Precision Partners' and Certified Fabricators' actual results in future periods to differ materially from forecasted results. A number of factors, including those identified below, could adversely affect the Company's ability to obtain these results: the Company's liquidity, capital resources, and debt levels, the Company's ability to comply with the covenants in its senior debt agreement, the Company's ability to attract new business, the Company's ability to acquire adequate raw materials and to obtain favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. pricing for such materials, pricing pressures for the Company's products and services, increased competition in the precision machining and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and markets, economic factors which affect our customers, the manufacturing industry, or the economy in general and changes in government regulations. Certain of these risks are described in the Precision Partners Inc.'s Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2001, which is expected to be filed shortly. Copies of this report, when available, may be obtained via the World Wide Web at www.precisionpartnersinc.com. |
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