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MODAMI SERVICES ANNOUNCES APPOINTMENT OF TWO NEW BOARD MEMBERS

 MODAMI SERVICES ANNOUNCES APPOINTMENT OF TWO NEW BOARD MEMBERS
 BOCA RATON, Fla., Oct. 14 /PRNewswire/ -- Modami Services, Inc. announced today the appointment of two new members to the board of directors, making the total of five currently serving on Modami's board.
 Appointed are Robert Scott Downie and Martin Tenner, both from Florida.
 Downie, of Miami Lakes, Fla., was corporate and executive vice president of W.R. Grace & Company. Downie headed the merger and acquisition department and played a key role in transforming W.R. Grace from a transportation, steamship, import/export and banking company into a diverse $6.5 billion conglomerate via successful acquisitions in the chemical, natural resources, retail and consumer products industry. During his 30-year tenure with the company, Downie also headed a $1 billion division for W.R. Grace.
 Downie is presently a consultant to various Fortune 500 Companies in managerial and financial matters.
 Tenner, of Delray Beach, Fla., currently vice president of Tax Service of America, is a registered representative, licensed as a general securities and municipal principal. Tenner has been registered in the securities industry since 1970.
 Tenner was formerly for 17 years a principal with the investment form of Liss, Tenner and Goldberg of Clifton, N.J.
 Coupled with his military experience and his commitment to community affairs, Tenner is an active member of the Masonic Lodge and supports many charitable organizations both in time and money.
 Chairman of the Board Dr. Michael Salit said, "The long history of corporate involvement by these gentlemen will add beneficial value to our young company. Even as outside directors I would expect tremendous input into the growth and direction of Modami Services. These are good men with unlimited talents."
 Modami's entire board of directors will be up for election at the company's annual meeting. A date has not yet been set. Modami's fiscal year ended Aug. 31.
 -0- 10/14/92
 /CONTACT: Michael Salit of Modami, 407-995-0605/ CO: Modami Services, Inc. ST: Florida IN: SU: PER


KH -- MN013 -- 9921 10/14/92 13:35 EDT
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Publication:PR Newswire
Date:Oct 14, 1992
Words:338
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