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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: FMK who wrote (4750)	11/9/1998 6:43:00 AM
From: Dante Sinferno	Read Replies (1) \| Respond to of 27311

Valence Adds MCI Worldcom Chairman Bert Roberts to Board of Directors HENDERSON, Nev., Nov. 9 /PRNewswire/ -- Lev Dawson, chairman and CEO of Valence Technology, Inc. (Nasdaq: VLNC) today announced the addition of Bert C. Roberts, Jr. to the Valence Board of Directors. Mr. Roberts' appointment brings the Valence Board to four directors, three of which are outside directors. Mr. Roberts is chairman of MCI WorldCom, Inc., which is one of the world's largest and fastest growing communications companies. "We are very pleased to have Bert's active interest in Valence as a director. His proven leadership and telecommunications expertise will be very beneficial at our current stage of development and battery manufacturing. One of our target markets -- the telecommunications industry -- is an area that Bert knows well, having built MCI into a multi-billion dollar global communications company. His knowledge of the telecommunications market and of building a world-class organization from the ground up will be invaluable to Valence. We look forward to his contributions to the company," Mr. Dawson said. A 26-year veteran of the telecommunications industry, Mr. Roberts played a key role in transforming MCI from a start-up long distance company to a $20 billion leader in global communications. Under Roberts' command, MCI became the world's second largest carrier of international traffic and developed one of the industry's most advanced portfolios of integrated communications services. He was named chairman and CEO of the company in 1992, after serving as president and chief operating officer since 1985. Today, MCI WorldCom has revenue of over $30 billion and established operations in more than 65 countries. Mr. Roberts serves on the boards of Telefonica de Espana, News Corporation, Ltd., Avantel, and CaPCURE. Valence Technology, Inc. is engaged in the research and development of advanced rechargeable batteries based on lithium polymer technologies. The Company is traded on the Nasdaq National Market under the symbol VLNC. Valence can be found on the Internet at valence-tech.com. SOURCE Valence Technology, Inc.