Dullsville Montellaro Out; INTEK GLOBAL Shakes Its Bootie!!
ACTUALLY, I believe that Lee Montellaro was regarded as a wee bit dull. I saw him give a Company presentation last year in Philadelphia, where, afterward, the last thing I would been eager to do, is to invest in IDCC.
Here's the Company' s Press Release:
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Friday January 16, 3:34 pm EST
Company Press Release
Intek Diversified Corp. Announces Management Changes
D. Gregg Marston Named Vice President of Finance and Interim CFO; Louis J. Monari Appointed Vice President -- Administration
Intek Diversified Corporation (NASDAQ:IDCC), a rapidly growing provider of spectrum-efficient wireless technology, products and services, today announced the appointment of D. Gregg Marston, 46, as vice president of finance. In addition, Mr. Marston was named interim chief financial officer, replacing Lee Montellaro, who is leaving to pursue other business interests. In a related move, Louis J. Monari, 47, was named vice president of administration.
Mr. Marston, who has served as Intek's interim CFO previously, is currently the controller of Intek. He will continue to be based at the Torrance, California, headquarters of Intek's RoameR One 220 MHz network services subsidiary.
Commenting on the new appointments, Intek Chairman and CEO Robert J. Shiver said: ''Gregg Marston has served Intek and its predecessor companies for nearly four years as a key member of our management team, and is intimately acquainted with every aspect of the company's financial operations. We're especially pleased that he has agreed to take on the additional responsibilities of chief financial officer in this important interim period.
''Lou Monari brings to Intek his extensive administrative background in high-growth companies. His unique blend of major corporate and mid-market entrepreneurial experience in both the domestic and international sectors, will be invaluable as our company continues to grow.''
Before joining Intek, Mr. Marston was an independent consultant operating his own firm, DGM Financial Management, based in Laguna Niguel, California. Prior to that, he held positions as either vice president of finance, treasurer, or controller of a number of California-based companies. He also served as a senior consultant with Arthur Andersen & Co.
Mr. Marston earned B.S. and M.B.A. degrees from the University of Southern California and is also a certified public accountant (CPA).
Mr. Monari comes to Intek from Digital Solutions, Inc., where he was vice president, corporate secretary and general manager. Previously, he was the president of Holgate Associates, a management consulting firm which he co-founded. Prior to Holgate, he held various management positions at RJR Nabisco, Inc.
Mr. Monari holds a M.B.A. degree from Seton Hall University and a B.S. degree from the University of Rhode Island.
Intek operates advanced wireless voice and data communications systems and develops, manufactures, distributes and licenses wireless communications technology and products. The company operates Specialized Mobile Radio (SMR) systems in the U.S. through its RoameR One subsidiary, the dominant 220 MHz license holder in the U.S., with over 250 sites covering 120 markets and a population base of 175 million people. Another subsidiary, Midland USA, is a leading distributor of Land Mobile Radio (LMR) products, manufactured by the Company and others, operating through a well-established base of authorized dealers and resellers in the U.S. who also market RoameR One's services.
In the U.K., Radiocoms, also an Intek subsidiary, manufactures LMR products, utilizing Intek's Linear Modulation (LM) technology as well as distributing communications products and operating a wireless communication network. LM technology is a spectrum-efficient, patented narrowband technology, which can overlay digital and analog radio transmissions and provide up to a six-fold increase in a system's capacity. LM technology was developed by the company's LMT subsidiary, a leading engineering, research and development group, specializing in developing cost-effective wireless technologies and products for use throughout the world. LM technology is generally considered to offer the fastest data rate capability available in trunked radio system technology.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, reliance on key strategic alliances, fluctuations in operating results and other risks detailed from time to time in the company filings with the Securities and exchange Commission.
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Contact:
Intek Diversified Corp.
Robert J. Shiver, 609/419-1222
or
The Dilenschneider Group, Inc.
Ken DiPaola/Joel Pomerantz, 212/922-0900
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