Cherokee International Promotes Mukesh Patel to Executive Vice President of Global Operations.TUSTIN, Calif. -- Cherokee International Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CHRK), a leading provider of custom-designed power supplies, today announced it has promoted Mukesh Patel to executive vice president of global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. . Patel replaces Clark Hickock, who recently left the company to pursue other interests closer to his home in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . Patel has served as Cherokee's vice president of information technology since August 1996. Prior to that, he served as vice president of operations at Bikor Corp. until Cherokee acquired substantially all of the assets of Bikor. In his new position, Patel will continue to report directly to the president and chief executive officer. He will oversee manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. and manage Cherokee's global supply chain for facilities located in the 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. , Mexico, Belgium, India and China. "Over the past year, Mr. Patel has worked very closely with our operations team to implement new processes and procedures that will contribute to the efficient performance of our manufacturing operations," said Jeffrey M. Frank, Cherokee's president and chief executive officer. "His strong understanding of our global operations will bring added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
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 Certain statements contained in this press release are forward-looking statements. These forward-looking statements are based upon our current expectations about future events. When used in this press release, the words "believe," "anticipate," "intend," "estimate," "expect" and similar expressions, or the negative of such words and expressions, are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. These forward-looking statements generally relate to our plans, objectives and expectations for future operations. However, these statements are subject to a number of risks and uncertainties affecting our business. You should read this press release completely and with the understanding that actual future results may be materially different from what we expect as a result of these risks and uncertainties and other factors, which include, but are not limited to: (1) changes in general economic and business conditions, domestically and internationally, (2) reductions in sales to, or the loss of, any of the company's significant customers or in customer capacity generally, (3) changes in the company's sales mix sales mix See product mix. to lower margin products, (4) increased competition in the company's industry, (5) disruptions of the company's established supply channels, (6) the company's level of debt and restrictions imposed by its debt agreements, and (7) the additional risk factors identified in the company's filings with the Securities and Exchange Commission, including its annual report on 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. . Except as required by law, the company undertakes no obligation to update any forward-looking statements, even though the company's situation may change in the future. About Cherokee International Cherokee International Corp. designs and manufactures high-reliability custom and standard power supplies for original equipment manufacturers. The company's advanced power supply products are typically custom-designed into higher-end applications in the computing and storage, wireless infrastructure, enterprise networking The networking infrastructure in a large enterprise with multiple computer systems and networks of different types is extraordinarily complex. Due to the myriad of interfaces that are required, much of what goes on has little to do with the real data processing of the payroll and orders. , medical and industrial markets. |
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