Excel Technology Names Antoine Dominic Chief Executive Officer; Hill to Continue Full Time as Chairman.Business and Technology Editors NEW YORK--(BUSINESS WIRE)--Oct. 11, 2000 Excel Technology, 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 : XLTC) announced today that its Board of Directors has named Antoine Dominic as Chief Executive Officer and J. Donald Hill as full time Chairman of the Board as part of plans to strengthen Excel Technology's management team to take full advantage of its opportunities for future growth. Mr. Dominic joined Excel in early 1995 as Chief Financial Officer. He also has held the titles of President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Excel Technology and President of Quantronix. Mr. Dominic has been a major driving force behind Excel's success since he and J. Donald Hill took over full management control in January 1996. Mr. Dominic will guide and manage his aggressive plans for Excel's future growth, which includes strengthening the management staff of Excel Technology. The Company's former 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. , J. Donald Hill, will remain full time as Chairman of the Board. Both Hill and Dominic have agreed to new multi-year contracts. Dominic commented, "Excel's prospects going forward are excellent and I will do everything in my power to reach our goals." Hill added, "Antoine's drive to succeed has already caused us to achieve results unmatched in this industry. I remain very optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about our future and will continue to support Antoine and his goals in every way." 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. including those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future revenues, earnings and operating profit margins Operating profit margin The ratio of operating profit to net sales. , corporate opportunities and market opportunities for new products. Actual results could vary materially from the forward looking statements due to many factors, including many micro and macro factors that can affect revenue and earnings, a wide variety of difficulties in identifying, closing and digesting acquisitions; and market acceptance of and the ability to efficiently manufacture effective new products. Excel and its wholly-owned subsidiaries develop, manufacture and market laser systems and electro-optical components for electronic, semiconductor, other industrial, scientific and medical applications. |
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