ORA Electronics Inc. Announces the Resignations of John M. Burris and Matthew F. Jodziewicz.Business EditorsCHATSWORTH, Calif.--(BUSINESS WIRE)--Nov. 20, 2001 ORA ora (o´rah) pl. o´rae [L.] an edge or margin. ora serra´ta re´tinae the zigzag margin of the retina of the eye. Electronics Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ORAE) today announced that effective immediately, John M. Burris has resigned his positions from all offices (President, 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. and CFO See Chief Financial Officer. ) and from the Board of Directors, and that Matthew F. Jodziewicz has resigned his positions from all offices (Vice President of Technology and Legal Affairs and Secretary) and from the Board of Directors. Iqbal Ashraf, Chairman of the Board of Directors and the company's major investor, will assume the additional positions of President and CEO and Secretary until replacements can be selected. Burris has agreed to perform as acting interim CFO on a consulting basis until a replacement can be selected. Jodziewicz has also agreed to perform any required duties as needed as needed prn. See prn order. , on a consulting basis. ORA Electronics Inc. is a developer and supplier of interface, connectivity solutions and peripheral accessories for wireless communication devices. The company's products supplement the effectiveness of wireless telephones, personal communications systems ("PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. "), pagers, computing devices and the Intelligent transportation systems industry. Safe Harbor Statement: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known risk and uncertainties which may cause the company's actual results in the future to differ materially from forecasted results. |
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