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Microcap & Penny Stocks : Telos (TLSRP) preferred
TLSRP 41.10+0.2%Nov 23 4:00 PM EST

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From: mikehunt28/23/2006 5:17:08 PM
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TELOS CORPORATION APPOINTS NEW DIRECTORS

ASHBURN, Va. – August 23, 2006 – Telos ® Corporation announced today the appointment of three distinguished former military leaders to serve on the company’s board of directors. The new directors are retired Army Lt. Gen. Bruce Harris, retired Army Lt. Gen. Charles S. Mahan, Jr., and retired Navy Vice Adm. Jerry O. Tuttle.

The directors join existing board members John B. Wood, Telos president, chief executive officer, and chairman of the board; Robert J. Marino, Telos executive vice president, special projects; and David Borland, an outside director. The company expects to appoint additional directors beyond the three announced today.

On August 16, the company accepted the resignations of six of the company’s directors. The directors who resigned are Geoffrey B. Baker, Norman P. Byers, Ambassador Langhorne A. Motley, Thomas L. Owsley, Malcolm M. B. Sterrett, and Bruce J. Stewart.

“I want to thank the former directors for their service to the company,” said Telos’ CEO John B. Wood. “On behalf of the entire organization, we look forward to working with our new directors, who I am confident will equitably represent all of the interests of the company.”
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