Comdial Corporation Moves Corporate Headquarters To Sarasota, Florida.Business Editors NOTE TO MEDIA: A Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com SARASOTA, Fla.--(BUSINESS WIRE)--March 27, 2001 Comdial Corporation (Nasdaq:CMDL CMDL Climate Monitoring and Diagnostics Laboratory CMDL Common Mission Data Loader ) announced today that they are relocating the Company's corporate headquarters from Charlottesville, Virginia to Sarasota, Florida. The new corporate headquarters will be located at 106 Cattlemen Road. The facility was recently expanded to accommodate the additional office space required for the relocation of Comdial's headquarters and the continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the of Key Voice Technologies, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Company. Comdial will continue vital operations in Charlottesville including PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). engineering, support, R&D, test, quality assurance and assembly. The Sarasota facility will continue the engineering, R&D, support, assembly and test for voice processing products, as well as the new DX-80(TM) key system products. Sarasota will now be home for finance, administration, sales, investor relations Investor relations The process by which the corporation communicates with its investors. , corporate communications and information technology. "We recently sold our corporate headquarters and manufacturing facility in Charlottesville, Virginia, and have finalized our plans to outsource the manufacturing operations for the Company. These two important initiatives enabled the Company to consider new locations for our corporate headquarters. With Comdial's subsidiary Key Voice Technologies already based in Sarasota, it made a great deal of economic sense to locate headquarters here. The availability of an excellent base of high-tech professionals also played an important role in making our final decision," commented Nick Branica, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Comdial. About Comdial Comdial provides integrated communications solutions that address the needs of the business environment. Comdial is committed to researching and developing leading edge, fully integrated communications solutions and customer applications for small to medium-sized businesses, government, assisted living, hospitality and call centers. For additional information about Comdial and its communications solutions, please visit our web site at www.comdial.com. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.032701/bb7 |
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