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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"

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To: tbevan who wrote (1058)7/10/1997 3:14:00 PM
From: Kirk Pearson   of 1985
 
We already know about the new CFO, but here's the press announcement:

JTS Controller Promoted to CFO

Wednesday July 9 4:30 PM EDT

Company Press Release

SAN JOSE, Calif., July 9 /PRNewswire/ -- JTS Corporation
(AMEX:JTS), today announced that Joseph A. Prezioso, the
company's vice president and corporate controller, has been promoted
to chief financial officer. Prior to joining JTS, Mr. Prezioso spent
twelve years at IBM where he held various positions in external
reporting, financial planning and cost accounting.

``Since May 30, Mr. Prezioso has been acting as our chief financial
officer in addition to maintaining his corporate controller
responsibilities. He has proven to the board members and senior
management that he possesses the skills, competency, dedication and
energy to handle the responsibilities of the chief financial officer. We are pleased with our decision and believe that Mr. Prezioso will work diligently to further strengthen the financial base of our company,'' said Tom Mitchell, president and chief executive officer of JTS.

About JTS Corporation:

JTS Corporation, with headquarters in San Jose, Calif., was founded in
1994 to design, manufacture and supply enhanced-capacity hard disk
drives for the notebook and desktop personal computer market. JTS
offers an innovative line of ultra-slim 3.0-inch disk drives that
provide higher capacity and lower cost per megabyte than competitive
alternatives in the portable computer market. The president and chief
executive officer of JTS, Tom Mitchell, was formerly the president and
chief operating officer of Conner Peripherals and co-founder,
president and chief operating officer of Seagate Technology.

For further information, contact JTS Corporation at 166 Baypointe
Parkway, San Jose, California 95134. Phone: 408-468-1800, Fax:
408-468-1619. Website: jtscorp.com
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