RELM Reelects George N. Benjamin III as Chairman of the Board
RELM Reelects George N. Benjamin III as Chairman of the Board
WEST MELBOURNE, Fla., May 25 /PRNewswire-FirstCall/ -- Directors of RELM Wireless Corporation (BULLETIN BOARD: RELM) at the Company's Annual Meeting on May 5 reelected George N. Benjamin III to his third one-year term as Chairman of the Board. George Benjamin has served on the Board of Directors at RELM Wireless (http://www.relm.com/) since January 1996.
George Benjamin was also reelected to the Board of Directors of Stonebridge Financial Corporation at the Company's Annual Meeting on May 4. Stonebridge Financial Corporation is the parent company of Stonebridge Bank (http://www.stonebridgebank.com/), an Internet-based bank focusing on national customer accounts while directing its lending practice in the Delaware Valley from its headquarters in West Chester, PA. [Company contact: Don Goebert, Chairman of the Board, (610) 719-8203]
In addition, George Benjamin was elected as the Lead Independent Director of Seattle-based AuBeta Networks Corporation (http://www.aubeta.net/), a facility-based network company serving the commercial and financial industry, at the Company's Board Meeting on April 20. [Company contact: Dr. E. Norman Hernandez, Chairman and Chief Executive Officer, (206) 766-8800]
George Benjamin has specialized in recent years in consulting on acquisitions and mergers, restructuring and turnarounds, entrepreneurial startups, and new business expansion for domestic and international companies in the telecommunications, technology, electronic instrumentation, electro-mechanical equipment, and wire and cable industries. From 1997-1999, George Benjamin served as President and Chief Executive Officer of BICC Cables Corp., N.A. From 1988-1995 he was Group Vice President of The Marmon Group, Inc.; from 1992-1995 he was President and Chief Executive Officer of TIE/Communications, Inc., and from 1985-1987 he was President of Ericsson, Inc.
George Benjamin holds three patents in the areas of high-voltage cable design and manufacturing equipment and processes.
For nearly six decades, RELM Wireless Corp. has manufactured and marketed high-specification two-way communications equipment for use by public safety professionals and government agencies, as well as radios for use in a wide range of commercial and industrial applications, including disaster recovery. Revolutionary advances include new low-cost digital portable two-way radios compliant with APCO Project 25 technical specifications. Products are manufactured and distributed worldwide under BK Radio, RELM/BK and RELM. The company maintains its headquarters in West Melbourne, Florida and can be contacted through its web site at http://www.relm.com/ or directly at 1-800- 821-2900.
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act Of 1995. These forward-looking statements concern the Company's operations, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others, the following: reliance on overseas manufacturers; heavy reliance on sales to the U.S. Government; federal, state and local budget deficits and spending limitations; limitations in available radio spectrum for use by land mobile radios; general economic and business conditions; changes in customer preferences; competition; changes in technology; changes in business strategy; the debt and inventory levels of the Company; quality of management, business abilities and judgment of the Company's personnel; and the availability, terms and deployment of capital. Certain of these factors and risks, as well as other risks and uncertainties are stated in more detail in the Company's Annual Report on Form 10-K for the year ended December 31, 2004 and in the Company's subsequent filings with the SEC. These forward- looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Source: RELM Wireless Corporation
CONTACT: William P. Kelly, Executive VP and CFO, RELM Wireless
Corporation, +1-321-984-1414
Web site: http://www.relm.com/
http://www.aubeta.net/
http://www.stonebridgebank.com/
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