Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: hcirteg who wrote (10171)	4/5/1999 8:45:00 AM
From: P. Ramamoorthy	Respond to of 27311

Monday April 5, 7:58 am Eastern Time Company Press Release SOURCE: Valence Technology, Inc. Valence Technology Appoints Jay L. King Vice President and Chief Financial Officer HENDERSON, Nev., April 5 /PRNewswire/ -- Valence Technology, Inc. (Nasdaq: VLNC - news), an R&D company developing advanced, rechargeable, lithium polymer battery technology for commercialization, has appointed Jay L. King as vice president and chief financial officer effective April 5. Mr. King, 52, previously served as CFO and was a member of the board of Casinovations, a high-tech developer and manufacturer of electronic based and software driven gaming devices and products, from 1995 to the present. At Casinovations, he was involved in the successful launch of an automatic card shuffling device using random number selection software, which received international recognition, and an accounting and coin collection process for casino customers designed to improve customer productivity, security and profitability. Mr. King has held key management positions at a number of engineering and technology-based companies. He spent more than 10 years at Bechtel in San Francisco, serving as controller of the company's information services telecommunications division before joining PG&E as CFO of its Encon strategic business unit. In addition, he held senior positions at I.C. Refreshment Company and Ernst & Whinney. Immediately prior to joining Casinovations, Mr. King was CFO and controller of Sigma Game Inc., a high-tech manufacturer of gaming machines. Mr. King holds both a bachelor's degree in accounting and an M.B.A. from the University of Utah and is a certified public accountant in the state of California. ''Jay's experience with early-stage development and manufacturing companies will be a great benefit to Valence as we focus on producing next-generation batteries for commercialization,'' said Lev Dawson, Valence's founder, chairman and chief executive officer. ''To date, Valence has concentrated its resources on the development and patenting of various technologies to introduce a new generation of rechargeable lithium polymer-based batteries for use in personal computers and other advanced electronic devices. Jay will be a vital member of the management team that is now preparing to lead Valence through the transition from an R&D company to a full-scale manufacturer of lithium rechargeable batteries.'' ''Joining Valence provides me with a significant opportunity to leverage my experience with growing manufacturing companies and help move Valence to the next level,'' said Mr. King. ''This is an exciting time for Valence and for me. I am happy to be on board as the company pursues its strategy to bring advanced rechargeable batteries to market.'' Valence Technology 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.

To: hcirteg who wrote (10171)	4/5/1999 8:50:00 AM
From: john t. brice	Read Replies (1) \| Respond to of 27311

HC> I second the motion. My only complaint is that I wish they would have faxed this out before daylight savings time went into effect, I was sound asleep. I wonder what they are going to come up with for a negative spin on this "SCAM" company. duckster

To: hcirteg who wrote (10171)	4/5/1999 9:00:00 AM
From: P. Ramamoorthy	Read Replies (2) \| Respond to of 27311

HC, CFO appointment is worth a 1-2 point jump this week? Ram

To: hcirteg who wrote (10171)	4/5/1999 9:12:00 AM
From: John Curtis	Read Replies (2) \| Respond to of 27311

HC: I just got the fax. Yee haaw(about time). Now I'm keying off one of L.D.'s comments made in this release. The comment? "Jay will be a vital member of the management team that is now preparing to lead Valence through the transition from an R&D company to a full-scale manufacturer of lithium rechargeable batteries." There, he's said it for the public record. VLNC's officially in transition. Now let's see how it plays out... John~