Ocean Optique Distributors Appoints Ronald L. Darata as President and COO.MIAMI--(BUSINESS WIRE)--Nov. 21, 1997--Ocean Optique Distributors Inc. (Nasdaq:OPTQ OPTQ Optional Quarterly (call due quarterly to report statistics to NAII) ) Friday announced that Ronald L. Darata has been appointed the company's 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. and a member of the company's board of directors. Darata has over 30 years' experience in the optical industry. Prior to joining Ocean, Ronald L. Darata was executive vice president and a director of Physician's Eyecare Network Inc., a Concord, Calif. management services organization management services organization Physician practice management company Medical practice An organization contracted by a health care provider/supplier to furnish administrative, clerical, and claims processing functions of the provider/supplier's practice. providing executional expertise and capital for networks of eye care providers (1993 to 1997). From 1982 to 1993, he was general manager of Society Optiks, of Van Nuys, Calif., with responsibility for the company's nationwide sales organization, corporate policy, retail chain store business and corporate marketing. From 1968 to 1982, Darata was president of Concepts in Optics and vice president of U.S. International Optics Inc. He attended Rutgers University Rutgers University, main campus at New Brunswick, N.J.; land-grant and state supported; coeducational except for Douglass College; chartered 1766 as Queen's College, opened 1771. Campuses and Facilities Rutgers maintains three campuses. and has completed numerous educational programs in marketing, computer science and communications. "We believe that the addition of Ron Darata to Ocean's management team will position the company to best take advantage of growth opportunities in the optical industry," said Leon Wildstein, Ocean's chairman of the board. "We believe there are significant opportunities for the company in the global markets. We will expand our United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. business through aggressive marketing of our branded products and plan to open additional export markets by replicating the successful strategy used in developing our South American business." Ocean Optique Distributors Inc., based in Miami, is engaged in importing, marketing and distributing high-quality eyeglass eye·glass n. 1. eyeglasses Glasses for the eyes. 2. A single lens in a pair of glasses; a monocle. 3. See eyepiece. 4. See eyecup. frames and sunglasses in the mid- and premium-priced categories. Ocean is a licensee for eyewear of certain well-recognized labels, including Crayola, Gitano and Chevrolet, and also markets a proprietary line of eyewear under the Nino Balli name. Through its subsidiary, Solovision Optical, the company also imports, exports, markets and distributes moderately priced eyeglass frames and optical equipment. Forward-looking statements (statements that are not historical facts) in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions 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. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in Ocean's filings with the U.S. Securities and Exchange Commission. CONTACT: Ocean Optique Distributors Inc., Miami Ronald L. Darata President and Chief Operating Officer 305/573-0222 |
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