IRTN other news:
In-Sports International, Inc. Announces Resignation of Joseph Lombardi as
President and Director
HASBROUCK HEIGHTS, N.J.--(BUSINESS WIRE)--Oct. 25, 1999--At a meeting of the Board of Directors, In-Sports
International (IRTN) (OTCBB: IRTN - news) today announced that it has accepted the Resignation of Joseph Lombardi, as
President and Director, effective immediately, due to Mr. Lombardi's personal health problems.
Patrick McLaren, Chairman of the Board, said that his good friend Joe told him the ''Diabetes and High Blood pressure'' were beginning to take its toll, and Joe
quipped ''I'm not getting any younger, Patrick.''
The Board of Directors granted Lombardi a leave of absence and agreed to retain Mr. Lombardi as a Public Relations Consultant for IRTN's ''Lombardi Turf''
Athletic Surfacing Division after the first of the year.
Mr. Samuel Serritella has been elected President/CEO and Director of IRTN. Mr. Serritella has been associated with IRTN since its inception as Director of Field
Operations and is familiar with the complete operational functions of the Company. McLaren stated that Sam is extremely capable and will direct the Company's
activities on a daily basis.
McLaren will remain as Board Chairman and Mr. Joseph Caravella, President of Ed-Car Construction, remains as Director and will continue to Bid on all Jobs and
perform the site work and completion of all IRTN projects.
IRTN shall continue to pursue the ''Exclusive'' Rights to the Lombardi Turf Athletic Fields on a National and International Basis, as well as its Day-Care and
Playground Surfacing and its Artificial Lawn and Landscaping Sales and Marketing Campaigns.
At this writing, McLaren said that the first Lombardi Turf Field in the Northeast should be completed by October 29, 1999 weather permitting. Mr. Caravella also
said the Basketball, Roller Blade project for the City of Secaucus should also be completed on or before October 31,1999.
Pending projects awaiting construction are ''Lombardi Turf'' Athletic Fields for the City of Harrison, Bayley-Ellard High School, and New Rochelle as well as three
Tennis Courts in Franklin Lakes, New Jersey.
Contact:
In-Sports International, Inc.
Patrick McLaren or Sam Serritella, 201/462-0031 |
