To All: INDIDER BUYING
DALLAS--(BUSINESS WIRE)--June 24, 1997--Curtis Mathes Holding Corp. (NASDAQ: CRTM) announced today that certain key members of its management team have increased their holdings of Curtis Mathes common stock.
As stated in the company's latest filings with the Securities and Exchange Commission, Patrick A. Custer, chairman and chief executive officer, increased his holdings by 66,000 shares, and now holds 2,327,215 shares of the company as beneficial owner. Custer purchased 16,000 shares in the open market, and exercised options for the remaining 50,000 shares. In addition, Neal J. Katz, director of investor relations, purchased 5,000 shares in the open market, thus increasing his beneficial ownership to 184,000 shares.
"I am very confident in the future of Curtis Mathes Holding Corporation," said Custer. "During the past 18 months we have transformed Curtis Mathes from a producer of television sets and commodity electronics products to an advanced design and technology implementation company. Our uniView(TM) product, which delivers an unprecedented array of information, communication and entertainment to the home via the television, is only the first indication of our new high-technology capabilities."
Curtis Mathes is a Dallas-based electronics engineering design and marketing company. The company also specializes in advanced televisions, large electronic display systems, as well as other new technologies.
CONTACT:
Curtis Mathes Holding Corporation, Dallas
Neal J. Katz
214/503-8880, 214/503-8515 (fax) |
