Press Release Source: Analex Corporation
Analex Announces Changes to Board of Directors
Friday April 18, 9:00 am ET
ALEXANDRIA, Va., April 18 /PRNewswire-FirstCall/ -- Analex Corporation (Amex: NLX - News) today announced several changes to its Board of Directors. Directors C.W. Gilluly, John Sanders and Gerald Young are retiring from the Board and will not seek reelection at the Company's Annual Stockholders' Meeting in May. Jon Stout, Analex Chairman, thanked the retiring directors saying, "The past three years have been characterized by dynamic change and growth for Analex. C.W., John and Gerry have made invaluable contributions to that change and the stockholders of Analex are grateful for their service."
The board has elected new directors to fill the open positions and will nominate these individuals for election to the Board by stockholders at the annual meeting. The new directors are Lt. General Lincoln D. Faurer, Alan L. Kaplan, CPA and Daniel R. Young. Mr. Young and Mr. Kaplan will join the Company's audit committee and Mr. Faurer will join the Company's compensation committee. Proxy materials for the meeting have been mailed to the Company's stockholders of record as of April 7, 2003, the record date for the Annual Meeting. The proxy materials have also been filed electronically with the Securities and Exchange Commission and are available at the SEC's website at www.sec.gov.
In commenting on the change, Sterling Phillips, Analex President and Chief Executive Officer stated, "Analex directors work closely with management and make a vital contribution to our success. We are delighted to have individuals of the caliber of Linc Faurer, Alan Kaplan and Dan Young join our Board. Their expertise will support our continued growth and strengthen our corporate governance position."
Background information on the new directors follows:
Lincoln D. Faurer, Lt. General USAF (retired) -- General Faurer has more
than 15 years experience building and operating companies in the
government contracting industry, and was Director of the National
Security Agency from 1981 to 1985. Since 1992, Mr. Faurer has been the
President of LDF Inc., which provides consulting services on command,
control, communications, computing and intelligence (C4I) matters. In
addition to being a retired Air Force officer, Mr. Faurer has held senior
positions with various intelligence organizations including Defense
Intelligence Agency, NATO Military Committee, HQS U.S. European Command
and HQS U.S. Southern Command. Mr. Faurer serves as a director of
ALPHATECH, Inc. and TSI TelSys Corp. and also serves on the advisory
board of ManTech Aegis Research Corporation, a subsidiary of ManTech
International Corporation.
Alan L. Kaplan, CPA -- Mr. Kaplan is a consultant, Certified Public
Accountant and financial specialist. Since July 2002, Mr. Kaplan has
been a consultant and finance specialist with Triton Services, Inc. an
information technology company. From January 2001 to April 2002, Mr.
Kaplan served as Vice President and Chief Financial Officer of ParaGea
Communications, LLC, a telecommunications services provider. From
December 1999 to January 2001, Mr. Kaplan was Vice President of Finance
and Administration of Emediat Solutions, Inc., a subsidiary of Triton
Services providing business software and services. From December 1997 to
November 1999, Mr. Kaplan was a supervisor and manager at RSM McGladrey,
Inc., an accounting and consulting firm.
Daniel R. Young -- Mr. Young is formerly the Vice Chairman and Chief
Executive Officer of Federal Data Corporation. Mr. Young retired in 2000
after having served the company in various executive capacities for more
than two decades. Mr. Young has played a prominent role in the Federal
information technology market and was the industry recipient of the 1998
Federal Computer Week Eagle Award in recognition of his outstanding
contributions to the Federal community. In addition, he is a three-time
recipient of the Federal Computer Week Federal 100 Award recognizing
outstanding executives serving the Federal information technology market.
Mr. Young serves as a director of GTSI Corporation and Halifax
Corporation, and also serves on the advisory boards of several public and
private companies.
Analex specializes in developing intelligence, systems engineering and biodefense services in support of our nation's security. Analex focuses on developing innovative technical approaches for the intelligence community, analyzing and supporting defense systems, designing, developing and testing aerospace systems and developing medical defenses and treatments for infectious agents used in biological warfare and terrorism. The Company's stock trades on the American Stock Exchange under the symbol NLX. The Company can be found on the Internet at www.analex.com. Analex investor relations can be contacted at (703) 329-9400 or via email at amber.gordon@analex.com.
PLEASE NOTE: Except for the historical information contained herein, this press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that involve a number of risks and uncertainties. These forward-looking statements may be identified by reference to a future period by use of forward-looking terminology such as "anticipate," "expect," "could," "intend," "may" and other words of a similar nature. There are certain important factors and risks that could cause results to differ materially from those anticipated by the statements contained herein. Such factors and risks include business conditions and growth in the medical research, pharmaceutical and government contracting arenas and in the economy in general. Competitive factors include the pressures toward consolidation of small government contracts into larger contracts awarded to major, multi-national corporations; and the Company's ability to continue to recruit and retain highly skilled scientific, technical, managerial and sales/marketing personnel. Other risks may be detailed from time to time in the Company's filings with the Securities and Exchange Commission. Analex undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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