Giga-tronics Announces Consolidation of Division Sales and Marketing Functions.SAN RAMON San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:
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 : GIGA) announced today the consolidation and centralization 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. of the sales and marketing functions of its ASCOR, Instrument and Microsource divisions. George H. Bruns, Jr., Chairman and Chief Executive Officer, said, "This restructuring will substantially improve operating efficiency by eliminating duplication of effort, and will permit the addition of functions and personnel that could not be justified at division levels." The consolidated organization will be a corporate function, located at 4650 Norris Canyon Road, San Ramon, CA, reporting directly to the 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 Giga-tronics, Inc. Giga-tronics produces a broad array of instruments, subsystems and sophisticated microwave components that have application in defense electronics and wireless telecommunications. Giga-tronics is a publicly held company, traded on the NASDAQ under the symbol "GIGA." This press 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. concerning profitability, efficiency, costs and future hiring. Actual results may differ significantly due to risks and uncertainties, such as successful implementation, future orders, cancellations or deferrals, disputes over performance and the ability to collect receivables. For further discussion, see Giga-tronics' Annual Report on Form 10-KSB for the fiscal year ended March 26, 2005 Part I, under the heading "Certain Factors Which May Adversely Affect Future Operations or an Investment in Giga-tronics" and Part II, under the heading "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Conditions and Results of Operations." |
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