Daktronics Restructures its Field Service Organization.New streamlined approach to provide better coverage to customers while decreasing costs BROOKINGS, S.D. -- Daktronics (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 :DAKT) today announced the creation of a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. field service organization dedicated to delivering service to the company's customers nationwide. Field service was previously provided as a function of each of the company's business units. "We have determined that consolidating our field service personnel into one group creates an opportunity for us to better utilize our field service resources," said Dan Bierschbach, the Vice President of Schools and Theatres and After Sales Service. "This reorganization involves staff who previously played a role in both sales and service in our schools and theaters business unit into a fulltime services fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. role along with technicians from other business units." Bierschbach continued, "Over time, we believe that this change will improve service to our customers while driving significant cost out of our services infrastructure. In the first quarter, this change will transfer some costs from selling expense to cost of goods sold Cost of goods sold The total cost of buying raw materials, and paying for all the factors that go into producing finished goods. cost of goods sold . Then over the fiscal year, as we implement new systems and infrastructure to support this organization, we expect to see positive net impacts on operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: ." Daktronics is recognized for delivering the most comprehensive service within its industries and remains committed to providing that service into the future in a cost effective way. To achieve these goals Daktronics has appointed Dan Schulte to the new role of National Field Service Manager. A 20-year Daktronics employee, Schulte has experience throughout the company first as an electrical design engineer, later as a product manager and most recently as manager of the company's technical services department for the Live Events business unit, which included starting the Live Events field service group. In the new structure, field service personnel will receive additional cross training to serve a broader segment of Daktronics customers. This will allow greater flexibility to respond to customer needs quickly and efficiently. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Schulte, "If we have a technician See PC technician and software technician. dispatched to a particular sports venue in a given area, this same technician will be able to service a commercial account in that same geographic area. This provides better coverage for customers across business units and eliminates the customer having to wait for a technician trained only to serve commercial accounts." Daktronics has strong leadership positions in, and is the world's largest supplier of, electronic scoreboards, large screen video displays and control systems. The company excels in the control of large display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation and video. Daktronics designs, manufactures, markets and services display systems for customers around the world, in sport, commercial and transportation applications. Cautionary Notice: In addition to statements of historical fact, this news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning 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 and is intended to enjoy the protection of that Act. These forward-looking statements reflect the Company's expectations or beliefs concerning future events. The Company cautions that these and similar statements involve risk and uncertainties which could cause actual results to differ materially from our expectation, including, but not limited to, changes in economic and market conditions, management of growth, timing and magnitude of future contracts, and other risks noted in the Company's SEC filings, 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. for its 2007 fiscal year. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligation to update or revise such statements to reflect new circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or or unanticipated events as they occur. |
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