Checkpoint Systems, Inc. Elects Michael E. Smith to the Board of Directors.Business Editors THOROARE, N.J.--(BUSINESS WIRE)--Feb. 28, 2002 Checkpoint Systems, Inc., (NYSE NYSE See: New York Stock Exchange :CKP CKP Checkpoint CKP Crankshaft Position CKP Chandraseniya Kayastha Prabhu (caste of Maharastra, India) CKP Chris Key Players (band) CKP Concept Knowledge Processing ), today announced the election of Michael E. Smith to its Board of Directors. Also, the company announced that William P. Lyons, Jr. has resigned from the Board of Directors. With the election of Mr. Smith and the resignation of Mr. Lyons, there are currently five members on Checkpoint's Board of Directors. Mr. Smith, 46, was appointed President and Chief Executive Officer of the company in March 2001 and has held senior operating positions with Checkpoint since 1990. Since 1997 he has been Executive Vice President of Worldwide Operations responsible for strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and acquisitions, product development, supply chain management, manufacturing and marketing. Previously, he was Senior Vice President from 1993 to 1997 responsible for worldwide marketing, the European sales and service organizations, the Security Systems Group and the Access Control Products Group. Prior to that Mr. Smith was Vice President of Marketing from 1990 to 1993. Checkpoint Systems, Inc. is a multinational company that manufactures and markets labeling systems designed to improve efficiency, reduce costs and provide value-added label solutions for customers across many markets and industries. Checkpoint is a leading provider of EAS (Electronic Article Surveillance) A security system for preventing theft in retail stores that uses disposable label tags or reusable hard tags attached to the merchandise. and RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. systems, source tagging, barcode labeling systems, hand-held labeling systems and retail merchandising systems. Applications include automatic identification, retail security and pricing and promotional labels. Operating directly in 30 countries, Checkpoint has a global network of subsidiaries and provides professional customer service and technical support around the world. Checkpoint Systems, Inc.'s web site is located at www.checkpointsystems.com. 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. Statement This presentation may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Security and Exchange Commission filings. |
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