Channell Announces Completion of Planned Stock Sales by President and COO.Business Editors TEMECULA, Calif.--(BUSINESS WIRE)--Aug. 4, 2003 Channell Commercial Corp. (Nasdaq:CHNL CHNL Channel ) today announced that President and COO William H. Channell, Jr. reported to the company that he had completed planned sales of company common stock. Channell indicated that, with the completion of sale transactions on Friday, Aug. 1, 2003, he had generated sufficient funds to satisfy certain personal obligations. Consequently, Channell indicated that he had no plans to sell additional company shares in the foreseeable future. About Channell Channell Commercial Corp. is a global designer and manufacturer of telecommunications equipment primarily supplied to telephone and broadband network operators worldwide. Major product lines include a complete line of thermoplastic A polymer material that turns to liquid when heated and becomes solid when cooled. There are more than 40 types of thermoplastics, including acrylic, polypropylene, polycarbonate and polyethylene. and metal fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: enclosures, advanced copper termination and connectorization products, and fiber-optic cable management systems. Channell's headquarters and United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. manufacturing facilities are in Temecula. International operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. include facilities in Toronto, London, and Sydney (Australia). 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 contained within this press release are subject to many uncertainties in the company's operations and business environments. Examples of such uncertainties include customer demand, material costs, integration of acquired businesses and worldwide economic conditions among others. Such uncertainties are discussed further in the company's 10K and S-1 filed with the Securities and Exchange Commission. |
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