DTS elects Kantor to Board.ATLANTA--(BUSINESS WIRE)--Aug. 5, 1996--Digital Transmission Systems Inc. (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 :DTSXU) today announced the election of Edwin Kantor to its Board of Directors. The addition of Kantor increases membership on the Company's board to six. Kantor is vice chairman of Barington Capitol Group L.P., a New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. investment banking and brokerage firm. Prior to joining Barington Capital in 1992, Kantor had 37 years of experience in the securities industry with Drexel Burnham Lambert Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was driven into bankruptcy in the 1980s by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. Inc. and its predecessor firms. From 1955 to 1975, Kantor developed the fixed income department at Burnham & Co. Inc., the predecessor of Drexel Burnham Lambert Inc. From 1975 to 1989, he assumed global responsibility for risk management, trading and sales of equity and fixed income products. In 1985 Kantor was named vice chairman and chairman in 1989 of Drexel Burnham Lambert Inc. Kantor received a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Finance from New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the . Founded in 1990 and headquartered in Atlanta, DTS (1) (Digital Theatre Sound) A digital audio encoding system used in movie and home theaters. Popularized by the movie Jurassic Park, the six-channel (5. designs, manufactures, markets and services a broad range of telecommunications products worldwide. The Company's primary customers include long distance carriers and cellular service providers. The Company's products include the FlexT1(R) (domestic) and FlexE1(TM) (international) integrated network access product lines, as well as centralized network control systems and the FlexAir(TM) and SKYPLEX(R) wireless spread spectrum digital transport systems. For more information about DTS and its products, phone 800/353-9387. CONTACT: Digital Transmission Systems Inc., Atlanta Kathleen Howard, Investor Relations 770/798-1300, ext. 226 khoward@dtsx.com |
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