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Technology Stocks : ORFR-ORBIT/FR -- Ignore unavailable to you. Want to Upgrade?

To: Woody Johnson who wrote (459)	9/4/1998 6:46:00 PM
From: david wolf	Respond to of 475

CEO resigns? ... somebody pull this sharp stick out of my head ... wonder how far into the abyss this one will go

To: Woody Johnson who wrote (459)	9/5/1998 11:27:00 AM
From: Doug (Htfd,CT)	Read Replies (1) \| Respond to of 475

ORBIT/FR, Inc. Reports on Resignation of the CEO HORSHAM, Pa., Sept. 4 /PRNewswire/ -- ORBIT/FR, Inc. (Nasdaq: ORFR - news), reports today that Mr. Aryeh Trabelsi has resigned from his position as CEO and President of the company to pursue other business opportunities. ORBIT's board of directors has accepted Mr. Trabelsi's resignation regretfully and expressed its appreciation for Mr. Trabelsi's substantial contribution to the company. Mr. Trabelsi will continue to serve as a director of the company and will assist the company's management in the transition period and in its search for a new CEO. ORBIT/FR, Inc. develops, markets and supports sophisticated automated microwave test and measurement systems for the wireless communication, satellite, automotive and aerospace/defense industries. Except for historical information, the matters discussed in this news release may be considered ''forward-looking'' statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the current intent, belief or expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. Such risks and uncertainties are identified in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 1997 and Forms 10-Q. SOURCE: ORBIT/FR, Inc. biz.yahoo.com Doug (former shareholder in ORFR - sold at $6.75 in June)