Pen Interconnect Announces Brian Bonar, Imaging Technologies President and CEO, Joins Board of Directors
IRVINE, Calif.--(BUSINESS WIRE)--Nov. 30, 1999--Pen Interconnect Inc. (OTC BB:PENC - news) Tuesday announced that Brian Bonar, president and chief executive officer of Imaging Technologies Corp. (Nasdaq:ITEC - news), San Diego, a worldwide pioneer in the development of digital imaging solutions, has been named to the board of directors of Pen Interconnect.
Bonar has served as a director of both public and private companies since 1990. He previously served as vice president of worldwide sales and marketing for Bezier Systems Inc., a manufacturer and marketer of laser printers, and as worldwide sales manager for Adaptec Inc., a laser printer controller developer.
He also has served as executive director of engineering at QMS Inc., a developer and manufacturer of high-performance color and monochrome printing solutions, and with IBM, U.K., Ltd. in the control and direction of its manufacturer supplier base. Bonar was educated in Europe as a mechanical engineer.
``We are pleased that Brian, who has substantial international contacts in Asia and Europe, is joining our Board,' said Stephen Fryer, Pen Interconnect chairman, president & CEO. ``We believe his sales and marketing acumen and leadership will be significant benefits to our company.'
Pen Interconnect (OTC BB:PENC - news) provides the total manufacturing solution for manufacturers, including circuit and board design, mechanical and product design, prototype and volume board assembly and test, system services and custom power supply and battery changer design. With headquarters in Irvine, it also has support manufacturing facilities in Utah and China.
Visit the Pen Interconnect Web site at pen-interconnect.com
The statements contained in this news release that are not purely historical are forward-looking statements that may involve risks and uncertainties. The company's actual results may differ significantly from the results contained in the forward-looking statements. Factors that might cause such differences include, but are not limited to, the effect of losses and other factors on the company's credit facilities, business and results of operations; the company's limited capital resources and its ability to fulfill its existing obligations and ongoing capital needs; risks associated with excess or obsolete inventory; the potential impairment of assets; the company's dependence on key customers and their financial viability; the impact of competition; and the company's abilities to effectively manage growth. These and other risk factors are discussed in the company's filing on Forms 8-K, S-3, SB-2, 10-QSB and 10-KSB.
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Contact:
Pen Interconnect Inc., Irvine
Stephen Fryer, 949/798-5881
or
American Financial Communication
Jeff Lamberson, 415/380-3880 |
