WEGENER Announces Appointment of Ned Mountain as President of Wegener Communications
WEGENER Announces Appointment of Ned Mountain as President of Wegener Communications
DULUTH, Ga., Jan. 27 /PRNewswire-FirstCall/ -- WEGENER Corporation (NASDAQ:WGNR), a leading provider of television, audio and data distribution networks worldwide, today announced that Ned L. Mountain has been appointed President and Chief Operating Officer of the Corporation's operating subsidiary, Wegener Communications, Inc. (WCI). Mr. Mountain will assume responsibility for all functional areas of the organization and begin his new role immediately. He succeeds Robert A. Placek, who will continue in his position as Chief Executive Officer of both WEGENER Corporation and WCI and will remain actively involved in company operations.
"Ned Mountain's industry experience, supported by a strong executive team, makes him uniquely qualified to manage WCI's strategic direction and operations," stated Robert Placek. "Prior to joining the executive ranks, Mr. Mountain held many marketing and sales positions at WCI during his long tenure of over 20 years. In his new role, he will be focusing on restoring shareholder confidence in the company."
"My top priorities are to establish consistent execution in meeting and exceeding our financial projections, and continue delivering quality products to our customers. These are key to the realization of our long-term goals of profitable growth and increased value for our shareholders," stated Ned Mountain.
ABOUT WEGENER CORPORATION
WEGENER is an international provider of digital solutions for IP data, video and audio networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music and financial information distribution. COMPEL, WEGENER's patented network control system, provides networks with unparalleled ability to regionalize programming and commercials. COMPEL network control capability is integrated into WEGENER digital satellite receivers. WEGENER can be reached at +1.770.814.4000 or on the World Wide Web at www.wegener.com .
COMPEL, MEDIAPLAN, ENVOY, UNITY, and iPUMP are trademarks of WEGENER Communications, Inc. All Rights Reserved.
This news release may contain forward-looking statements within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995, and the Company intends that such forward- looking statements are subject to the safe harbors created thereby. Forward- looking statements may be identified by words such as "believes," "expects," "projects," "plans," "anticipates," and similar expressions, and include, for example, statements relating to expectations regarding future sales, income and cash flows. Forward-looking statements are based upon the Company's current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced products, development of additional business for the Company's digital video and audio transmission product lines, effectiveness of the sales organization, the successful development and introduction of new products in the future, delays in the conversion by private and broadcast networks to next generation digital broadcast equipment, acceptance by various networks of standards for digital broadcasting, general market conditions which may not improve during fiscal year 2005 and beyond, and success of the Company's research and development efforts aimed at developing new products. Discussion of these and other risks and uncertainties are provided in detail in the Company's periodic filings with the SEC, including the Company's most recent Form 10-K. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. Forward-looking statements speak only as of the date the statement was made. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statements.
Source: WEGENER Corporation
CONTACT: C. Troy Woodbury, Jr., Treasurer and Chief Financial Officer of
WEGENER Corporation, +1-770-814-4000, or Fax, +1-770-623-9648, or
info@wegener.com
Web site: http://www.wegener.com/
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