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Technology Stocks : GALTECH SEMICONDUCTOR MATERIALS CORP. (GTSM) -- Ignore unavailable to you. Want to Upgrade?

To: gammaray who wrote (184)	8/3/1998 10:03:00 AM
From: mark yuen	Read Replies (1) \| Respond to of 394

Monday August 3, 9:02 am Eastern Time Company Press Release SOURCE: Galtech Semiconductor Materials Corporation Galtech Strengthens Corporate Management Team PROVO, Utah, Aug. 3 /PRNewswire/ -- Galtech Semiconductor Materials Corp. (OTC Bulletin Board: GTSM - news) announced today that it has completed a number of changes in the Company's corporate management team. Russell Chapman, who has performed the duties of President, CEO and Chairman of the Board since 1994, has announced his decision to step down from these positions of trust as of August 1, 1998. Mr. William Pratt will assume the positions of President, CEO and Chairman of the Board of Directors. Mr. Chapman stated that, ''Mr. Pratt comes to Galtech with outstanding business and scientific credentials. He received his Bachelors of Science degree from the United States Military Academy, West Point, a Masters degree in Engineering Management from Brigham Young University and is a Doctoral candidate in Mechanical Engineering, also from Brigham Young University. Mr. Pratt will be a major asset in all areas of product development, manufacturing and marketing. With a combination of both management and technical experience, Mr. Pratt will be invaluable in Galtech's work to move our compound semiconductor materials from the current product development phase to commercial production and sales.'' Mr. Kent Holt will be joining Mr. Pratt in the new line-up; he will assume the duties of Executive Vice President, Chief Administrative Officer and member of the Board of Directors. Mr. Holt has had an outstanding business career with Ralston Purina and CPC International, spanning over 22 years with executive positions in marketing, research and development and business management. Mr. Holt holds an Executive Master of Business Administration degree from Washington University in St. Louis. Mr. Chapman added that, ''Kent Holt will be a strong and timely addition to Galtech team, helping to give us a new and sharper administrative and marketing focus.'' Mr. Worth Allred continues as Vice President of Research and Development and will continue to play a major role in Galtech's future product development. Galtech has made critical and necessary improvements in the development and production of semi-conductor material over the last year and a half. This will result in a superior material being produced and marketed in the near future. Galtech's new President, Mr. Pratt stated that, ''Russ Chapman, over the last few years, has provided the leadership and focus so critical in the evolution of a research and development stage company.'' Galtech Semiconductor Materials Corporation is an innovative research, development and manufacturing company that is poised to become a supplier of large area, single crystal Cadmium Telluride to the multi-billion dollar semi-conductor industry. SOURCE: Galtech Semiconductor Materials Corporation