Pro-Dex, Inc. Announces Appointment of Frank H. Zagar as New President and CEO.Business Editors SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Jan. 22, 2002 PRO-DEX, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 : PDEX) today announced the appointment of Frank H. Zagar, to the position of President and 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 the Company. This appointment follows the recent election of Mr. Zagar to the company's Board of Directors. Mr. Zagar replaces Kent E. Searl who recently retired as Chairman, Chief Executive Officer and President of the Company. Mr. Zagar, 49, previously held Directorships in the building, manufacturing and banking industries and has 20 years of boardroom experience. Mr. Zagar's prior management positions provide the Company with manufacturing, marketing, technology and financial expertise along with a considerable list of industry contacts throughout the U.S. and Internationally. He will be working out of the recently relocated corporate headquarters located at the Micro Motors facility at 151 East Columbine columbine, in botany columbine (kŏl`əmbīn), any plant of the genus Aquilegia, temperate-zone perennials of the family Ranunculaceae (buttercup family), popular both as wildflowers and as garden flowers. Avenue, Santa Ana, California Santa Ana is the most populous city in Orange County, California and is the county seat. It lies approximately 10 miles inland from the Pacific Ocean, on the largely seasonal Santa Ana River. . Mr. Zagar stated, "I'm very excited about my new position as President & CEO of Pro-Dex and the opportunity to work with a professional management team dedicated to the potential for significant future growth in the medical, dental and motion control industries. My career overlaps the company's vision in many core areas, and, we're already off to an exciting start." Mr. Zagar, a southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, resident, is a Director of the International Sister City Association (Los Angeles / Guangzhou) and Community in Schools of Orange County, a non-profit organization serving at risk children. Mr. Zagar received a B.S. degree - Finance from the University of San Francisco • • [ . Pro-Dex, Inc., is a holding company with the following wholly-owned subsidiaries: Micro Motors, Inc., located in Santa Ana, California, designs, develops and manufactures electric and pneumatic (air) powered drive systems for applications in the medical, dental and industrial markets; Oregon Micro Systems, Inc., located in Beaverton, Oregon, designs and manufactures motion control products for applications in factory automation, semi conductor manufacturing and medical devices. To learn more, please visit our Website at www.pdex.com Except for the historical information contained herein, the matters discussed in this release are forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These include the timely development and acceptance of new products, the impact of competitive products and pricing, and other risks detailed frequently in Pro-Dex's SEC reports, including the report on Form 10-KSB for the year ended June 30, 2001. |
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