biz.yahoo.com
Kenneth H. Smith is Elected Chairman of U.S. Technologies Inc.
ATLANTA, Feb. 19 /PRNewswire/ -- U.S. Technologies Inc. (OTC Bulletin Board: USXX - news), today announced that
Kenneth H. Smith, President and Chief Executive Officer of the Company, has been elected as Chairman of the Board of
Directors. Mr. Smith stated that, ''the Board of Directors believes that, at this stage of the Company's development and prospects,
the position of Chairman should be occupied by a person who is intimately involved in the business of the Company, on a
day-to-day basis.'' Mr. Smith further commented that, ''the Company is indebted to James V. Warren, our former Chairman, for
his services to the Company during its first year under new management. His services and guidance as Chairman during the past
year have substantially contributed to the proper positioning of the Company for what we believe will be a very promising future.''
Certain statements in the press release contain ''forward-looking statements'' within the meaning of the Private Securities
Litigation Reform Act of 1995, which statements generally can be identified by the use of forward- looking terminology, such as
''may,'' ''will,'' ''expect,'' ''estimate,'' ''anticipate,'' ''believe,'' ''target,'' ''plan,'' ''project,'' or ''continue'' or the negatives thereof or
other variations thereon or similar terminology, and are made on the basis of management's plans and current analyses of the
Company, its business and the industry as a whole. These forward-looking statements are subject to risks and uncertainties,
including, but not limited to, economic conditions, competition, interest rate sensitivity and exposure to regulatory and legislative
changes. The above factors, in some cases, have affected, and in the future could affect, the Company's financial performance
and could cause actual results for fiscal 1998 and beyond to differ materially from those expressed or implied in such
forward-looking statements. The Company does not undertake to publicly update or revise its forward-looking statements even if
experience or future changes make it clear that any projected result expressed or implied therein will not be realized.
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I've seen some safe harbor declarations before, but this is an interesting use of "legalese"..... :0)
Ken, are your lawyers struggling for "make-work".... <wink>
(Meant in good-natured fun)
Regards,
Ron |
