Optical Cable Corporation Names Neil Wilkin President
ROANOKE, Va., April 24 /PRNewswire-FirstCall/ -- Optical Cable Corporation (Nasdaq: OCCF) announced today that its Board of Directors has named Mr. Neil Wilkin President in addition to his current role as Chief Financial Officer of Optical Cable. Mr. Wilkin, age 38, joined Optical Cable in September 2001 as Senior Vice President and Chief Financial Officer, and was named Acting- President in December 2001, upon the removal of the former Chairman, President and CEO, Mr. Robert Kopstein. Mr. Wilkin is also a member of Optical Cable's Board of Directors. The number of members of the Board of Directors remains unchanged with six members.
Mr. Randall H. Frazier, a member of Optical Cable's Board of Directors commented, "The Board is pleased to have Neil, with his dedication and financial and management skills, lead the Company through the challenges Optical Cable and the industry have faced and continue to face. Supporting Neil is a senior and middle management team with some of the longest experience in the fiber optic cable industry-in particular, Luke Huybrechts, Senior Vice President of Sales and a member of the Board of Directors."
Before joining Optical Cable, Mr. Wilkin was Senior Vice President and Chief Financial Officer of homebytes.com incorporated, a nationally licensed real estate brokerage company. Mr. Wilkin previously practiced law for over five years concentrating on mergers and acquisitions, corporate finance and general corporate matters. He worked at two law firms, McGuireWoods LLP in Richmond, Virginia and Kirkland & Ellis in Washington, D.C. A CPA for over 15 years, Mr. Wilkin practiced with Coopers & Lybrand before returning to graduate business school and law school. Mr. Wilkin earned his MBA from the Darden School at the University of Virginia, is a graduate of the University of Virginia School of Law, and received his BS in Commerce from the McIntire School of Commerce at the University of Virginia.
Optical Cable Corporation manufactures and markets a broad range of fiber optic cables for "high bandwidth" transmission of data, video, and audio communications over short to moderate distances. Optical Cable Corporation's cables can be used both indoors and outdoors and utilize a tight-buffer coating process that protects the optical fiber.
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; 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.
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SOURCE Optical Cable Corporation
/CONTACT: Neil Wilkin, President & CFO, of Optical Cable Corporation,
+1-540-265-0690, nwilkin@occfiber.com ; or General Info., Marilynn Meek or
Alison Ziegler, Analyst Info., Peter Seltzberg, or Media Info., Judith Sylk-
Siegel, all of FRB Weber Shandwick, +1-212-445-8400/
/Web site: occfiber.com /
(OCCF) |
