SafeNet Appoints John W. Frederick Chief Financial Officer.BALTIMORE -- SafeNet, 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 :SFNT), setting the standard for information security, today announced the promotion of John W. Frederick, former interim Chief Financial Officer, to Chief Financial Officer. First joining SafeNet in June 2006 as Vice President and Worldwide Controller, Mr. Frederick was promoted to Chief Accounting Officer and interim Chief Financial Officer in October of 2006. In the role as Chief Financial Officer, Mr. Frederick will maintain responsibility for all accounting, finance and treasury functions. "Since assuming the role of interim Chief Financial Officer, Mr. Frederick has not only done an admirable job managing the company's restatement process, but has successfully incorporated additional accounting controls and governance to his areas of responsibility," said Walter Straub, chairman and interim 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. , SafeNet. "Mr. Frederick's more than 20 years of experience as a senior financial executive, understanding of our business and business acumen will continue to benefit SafeNet in the future." Before joining SafeNet, Mr. Frederick served as Vice President and Corporate Controller for Arby's Restaurant Group. His diverse experience has included roles at both large and small companies, for which he has been the principal executive responsible for public reporting, Sarbanes Oxley compliance, strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , treasury, internal audit and tax. About SafeNet, Inc. SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System , Nokia, Fujitsu, Hitachi, ARM, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , NetGear, the Departments of Defense and Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , Adobe, Samsung, Texas Instruments, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-inc.com. "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. " Statement under 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 The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations. |
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