Craig H. Weber Joins Optical Cable Corporation's Board of Directors
ROANOKE, Va., Feb. 19 /PRNewswire-FirstCall/ -- Optical Cable Corporation (Nasdaq: OCCF - news) today announced the appointment of Craig H. Weber to the Company's Board of Directors.
Mr. Weber, age 42, is the President of Whitlockebs, a business and technology consulting firm based in Richmond, Virginia and has served in that capacity since July 2001. Prior to joining Whitlockebs, Mr. Weber was employed by homebytes.com incorporated (``Homebytes''), a nationally licensed real estate brokerage company from August 1999 until May 2001. He served on the board of directors and in various executive officer capacities at Homebytes, including Executive Vice President and Chief Operating Officer, and Senior Vice President of Strategic Development. From 1997 to 1999, Mr. Weber was Vice President of Business Development and Chief Legal and Administrative Officer at Walco International, Inc. in Dallas, Texas, a national distributor of pharmaceuticals and other products used in the commercial production of food animals. Prior to that, Mr. Weber practiced law for over 12 years concentrating on corporate finance, mergers and acquisitions and general corporate matters. He worked at two law firms, McGuireWoods LLP in Richmond, Virginia, where he was a partner, and Sullivan & Cromwell in New York, New York. Mr. Weber earned his MBA from the College of William and Mary, his law degree from the University of Virginia and his undergraduate degree from Cornell University's School of Industrial and Labor Relations.
``We are fortunate and pleased to have Craig Weber join our Board. Craig's diverse business and legal experience will allow him to make an immediate contribution to Optical Cable,'' commented Neil Wilkin, Acting-President and Chief Financial Officer.
Further information on Optical Cable Corporation is available through our website on the World Wide Web at www.occfiber.com .
FORWARD-LOOKING INFORMATION
This news release may contain certain ``forward-looking'' information within the meaning of the federal securities laws. The forward-looking information may include, among other information, (i) statements concerning Optical Cable Corporation's (the ``Company'') outlook for the future, (ii) statements of belief, (iii) future plans, strategies or anticipated events, and (iv) similar information and statements concerning matters that are not historical facts. Such forward-looking information is subject to risks and uncertainties that may cause actual events to differ materially from the expectations of the Company. Factors that could cause or contribute to such differences include, but are not limited to, the level of sales to key customers or distributors; the economic conditions affecting network service providers; the slowdown in corporate spending on information technology; actions by competitors; fluctuations in the price of raw materials (including optical fiber); the Company's dependence on a single manufacturing facility; the ability of the Company to protect its proprietary manufacturing technology; market conditions influencing prices or pricing; the Company's dependence on a limited number of suppliers; an adverse outcome in litigation, claims and other actions, and potential litigation, claims and other actions against the Company, including, but not limited to, the shareholder litigation that has been filed and other claims related to actions of the Company's former President and Chief Executive Officer; the effect of sales of the Company's common stock by the various brokerage firms alleging that the Company's former President and Chief Executive Officer pledged substantially all of his personally-held unregistered shares of the Company to cover personal margin loans; technological changes and introductions of new competing products; the current recession; terrorist attacks or acts of war, particularly given the acts of terrorism against the United States on September 11, 2001 and subsequent military responses by the United States; ability to retain key personnel; changes in market demand; exchange rates; productivity; weather; and market and economic conditions in the areas of the world in which the Company operates and markets its products.
SOURCE: Optical Cable Corporation |
