Coinmach Laundry announces appointment of additional board members.NEW YORK--(BUSINESS EDITORS)--Sept. 19, 1996--Coinmach Laundry 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 :WDRY) announced today the appointments of Dr. Arthur B. Laffer and Mr. Stephen G. Cerri to its board of directors. Stephen R. Kerrigan, Coinmach's Chairman and Chief Executive Officer, stated, "I am confident that both Arthur and Steve will provide invaluable assistance in achieving our goals of sustained growth and profitability. Their combined talents and practical experience in both economics and operations will complement our current board and strong management team in carrying forward the strategic direction of our company." Laffer has been Chairman and Chief Executive Officer of A.B. Laffer, V.A. Canto can·to n. pl. can·tos One of the principal divisions of a long poem. [Italian, from Latin cantus, song; see canticle. & Associates, an economic research and financial firm, since founding the firm in 1979. He is also Chairman of Calport Asset Management Inc., a money management firm. Laffer has been Chief Executive Officer of Laffer Advisors Inc., a registered broker-dealer and investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , since 1981. He was the Charles B. Thornton Professor of Business Economics at the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission from 1976 through 1984, Distinguished University Professor at Pepperdine University Pepperdine University is a private institution of higher learning affiliated with the Church of Christ in unincorporated Los Angeles County, California, United States. The university's location overlooks the Pacific Ocean and is adjacent to the city limits of Malibu. from October 1984 to September 1987, and was a member of President Reagan's economic policy advisory board. Laffer is a director of Mastec Inc., Nicholas Applegate Mutual and Growth Equity Funds, Value Vision Inc. 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. Filter Corp. Cerri has been Chairman and Chief Executive Officer of Alinabal Holdings Corp., a producer of a wide variety of low and medium technology products for both industrial and commercial markets since November 1987. Prior thereto, he had served as group president for Allied-Signal and its predecessors since 1979. His responsibilities continuously increased to include eight major operating units with 33 divisions in the U.S. and Europe, with combined revenues of approximately $1 billion. Over the past 15 years, Cerri has had direct operating responsibility for 15 companies comprised of 53 divisions or plants located throughout the world. Coinmach Laundry Corp. is a leading supplier of coin-operated laundry equipment services for multi-family properties in the United States. The company owns and operates over 245,000 coin-operated washers and dryers on routes in over 26,000 buildings located in 28 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . CONTACT: Coinmach Laundry Corporation, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Robert M. Doyle, 516/484-2300 |
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