Chronicle Communications, Inc. Appoints Chief Operating Officer
March 30, 1999 12:51 PM
TAMPA, Fla., March 30 /PRNewswire/ -- John V. Whitman Jr., Chairman of Chronicle Communications, Inc. CRNC , announced today that the board of directors has appointed Dan Hefner Chief Operating officer of Chronicle Communications, Inc. Dan Hefner will leave his position and resign as CEO of Florida Equipment & Service, Inc. to take the position at Chronicle.
"Dan Hefner has been extremely instrumental in the negotiations that resulted in the Bright Now, Inc. and Florida Machine and Welding, Inc. acquisitions. Dan's skills as a negotiator, coupled with his personnel skills and high degree of integrity, make him an incredible choice to steer the daily operations of Chronicle's growing and diverse ship. We are fortunate that Dan has decided to take the position as chief operating officer at Chronicle," Whitman stated.
Mr. Hefner attended Utica College of Syracuse University, studying Public Relations/Mass Communications. While attending college, Mr. Hefner developed much of his negotiating skills as a union steward involved in labor negotiations. From 1972 to 1981, Mr. Hefner was employed by Rollins, Inc. During his employment at Rollins, Mr. Hefner's achievements included Rollins' National Salesman of the Year Award and appointment to one of only four District Manager positions in the building services division. Mr. Hefner's southeastern district consistently exceeded the company's national profit margin. The building services industry experiences 300% annual turnover; Mr. Hefner's district had 0% turnover in management and supervision the 14 months prior to his departure. From 1981 to 1990, Mr. Hefner co-founded and operated Essential Services, Inc. This commercial services company expanded into 8 States and grossed 2.5 Million annually. From 1990 to Present, Mr. Hefner has enjoyed a successful Real Estate and Business Consulting Business. Drawing on his negotiating skills, Mr. Hefner chose to work with companies in need of re-negotiating debt, acquiring new facilities for expansion or reorganizing internal personnel. In 1994, Mr. Hefner began working with the principles of Bright Now, Inc. During his tenure, Bright Now restructured its debt, which allowed it to relocate to larger facilities and expand capacity four-fold. In 1998 Mr. Hefner was instrumental in the sale of Bright Now, Inc. to Chronicle Communications, Inc. Mr. Hefner is currently the Chief Executive Officer at Florida Equipment & Service, Inc. in Bartow, Fl. FES is engaged in the Heavy Construction Equipment Repair and Refurbishing, Sales and Service business and is a sister company of Florida Machine and Welding, Inc.
Chronicle's auditors, Pender Newkirk & Company of Tampa, Florida, have been retained again this year to prepare the audit for the year ending September 1998 which will enable Chronicle to file the annual report on form 10K and to review audits previously performed by others, if any, on all proposed acquisitions. "I have always been pleased with the level of service Chronicle has received from Pender Newkirk & Company. Now that our corporate offices are minutes apart, I expect greater efficiencies to result in an even more favorable working relationship," Whitman stated. Chronicle Communications Inc., is a fully reporting, publicly traded company quoted on the OTC Bulletin Board under the symbol of "CRNC." The Company, founded in 1996 and headquartered in Tampa, Florida, is the publisher of "The Register," the only comprehensive directory of new home builders' inventory homes available in the greater Washington D.C. Metropolitan area. The Register is published 23 times per year with separate editions for Maryland and for Virginia. Chronicle also operates a commercial web-offset printing plant in Tampa, Florida. The company is expanding through acquisitions into the heavy equipment repair business. Future acquisition plans include demolition, re-mediation, asbestos abatement and computer consulting operations. Complete information including links to the SEC's EDGAR database can be found at Chronicle's web site at www.chronicleinc.com.
Special Note: The foregoing release contains forward-looking statements. There are a number of important factors that could cause actual events to materially differ from those indicated by such forward-looking statements, including the availability of funding, results of marketing efforts and general economic conditions, among others.
SOURCE Chronicle Communications, Inc.
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