GARDEN GROVE, Calif., June 16, 2003 (PRIMEZONE) -- Mr. John T. Gauthier, CFO of Bridge Technology, Inc. (Nasdaq:BIGCE), a data storage and communication components distribution Company, announced today the appointment of two outside independent members to its Board of Directors and Audit committee, William R. Willard and Steven L Werkheiser, Sr. These appointments meet the requirements of Marketplace Rule 4350(c) required by the Nasdaq Panel for continued listing on the Nasdaq SmallCap Market.
Mr. Willard is the Managing Principal of Bridgestream Partners, LLC, an investment banking, corporate strategy, business development, and crisis management firm. Mr. Willard brings over twenty-seven years of top financial management experience. He has held important financial management positions with Bendix Corporation, Kaiser Engineers, and Everlast Filtration Corporation. He was Executive V.P. of Moseley, Hallgarten, Estabrook, and Weeden, Inc. and duPont Glore Forgan, Inc. Mr. Willard also founded and served as President and CEO of Chicago Strategy Group, a management advisory firm specifically devoted to the enhancement of shareholder value. He merged with A.T. Kearney, Inc. and became Managing Principal, to develop a worldwide corporate strategic planning practice among all of A.T. Kearney offices.
Mr. Willard received an MBA in Finance and International Business from the University of Chicago, Graduate School of Business, and a BS degree in Political Science and International Relations from the University of Wisconsin. Mr. Willard also attended the Sorbonne (University of Paris) where he received his Cours Practique Certificate.
Mr. Werkheiser, Sr. is a consultant providing over twenty-five years of Senior Executive experience in Profit and Loss Management, Financial Planning, Strategic Planning, M & A, Business Valuations, and Start-Ups and Turnarounds. He has held CFO positions at New Century Companies, Italbiz.com, Inc. was Manager of Finance at Raytheon, and CFO, Business Development at Northrop Grumman Corporation. Mr. Werkheiser received a MBA, Finance and a BA, Economics from University of California at Los Angeles (UCLA).
These new Directors will serve out the vacant terms created by the resignation of Winston Gu and Thomas Davidson. They also will stand for re-election at the Annual Meeting of Shareholders expected in late July 2003.
About Bridge Technology, Inc.
Bridge Technology, Inc. is a "time-to-market" Company that distributes digital recording, storage, and communication components and sub-assembly units, primarily to long-standing OEM customers. The Company operates through subsidiaries in the United States, and Hong Kong. More information on Bridge Technology, Inc. may be obtained over the Internet at www.bridgeus.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation may result from risk and uncertainties, including, without limitation, the Company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risks and uncertainties. The Company disclaims any obligation to update information contained in any forward-looking statement.