WASHINGTON, N.C., April 5, 2010 (GLOBE NEWSWIRE) -- Flanders Corporation (OTCQX:FLDR) announces the retirement of Robert Amerson and the appointment of four new members to its Board of Directors.
On March 31, 2010 Robert Amerson, 60, announced his retirement from the Board of Directors. Amerson stated, "It has been an honor to work with the great people at Flanders for more than 20 years. Many challenges have been overcome and I am confident in Harry, this new Board of Directors and the management team's ability to continue to produce success at Flanders."
Additionally, on March 31, 2010, Charlie Lee Tingen Jr., Phil Hodges, Wesley M. Measamer and John Oakley were nominated to fill open seats on the Board.
Charlie Lee Tingen Jr., 40, is a Senior Financial Advisor with Bengala and Tingen, a financial advisory practice of Ameriprise Financial Services, Inc. since 1995. Prior to providing 15 years of analysis and financial planning to individuals and businesses, Tingen was a loan officer with BB&T Corporation. Tingen received a Bachelor of Science degree from East Carolina University in 1992.
Wesley M. Measamer CPA, 39, is president of Wesley M. Measamer, CPA PA. Measamer has provided full service accounting services for 15 years to businesses within several industries including manufacturing and retail. Measamer is licensed with the NC State Board of Certified Public Accountants and holds a Bachelor of Science in Accounting and Master of Business Administration from East Carolina University.
Phil Hodges, 53, is the founder of Metrics, Inc., a contract pharmaceutical development company based in Greenville, NC and currently serves as its President and CEO. Prior to Metrics, Hodges spent 12 years with Burroughs Wellcome Corporation in its analytical development laboratories. Hodges holds a Bachelor of Science in Chemistry and a Master of Science in Analytical Chemistry from East Carolina University.
John Oakley, 42, Flanders' President and Chief Financial Officer, joined the company in December 2008. With over 18 years of experience in finance and operations he most recently served as Chief Financial Officer of Nexxus Lighting, Inc. prior to joining Flanders. Previously, he held several posts of increasing responsibility with Home Meridian International including Chief Financial Officer and served as a member of the board of directors. Oakley holds a Bachelor of Science degree in Accounting from the University of North Carolina at Charlotte.
Harry Smith, Flanders Chairman and Chief Executive Officer said, "Robert's guidance and counsel during the last several years has been invaluable for me and this management team. We wish him success as he pursues his other business interests and time with his family. These four additions bring significant diversity to our Board, including a defined focus on the public markets as well as influences from an industry that represents a sizable customer base for Flanders."
Tingen, Measamer and Hodges are "independent" Directors in accordance with the rules of NASDAQ, which brings the total of "independent" Directors to five of the now seven member Board.
About Flanders
Flanders is a leading air filtration products manufacturer. Flanders' products are utilized by many industries, including those associated with commercial and residential heating, ventilation and air conditioning systems, semiconductor manufacturing, ultra-pure materials, biotechnology, pharmaceuticals, synthetics, nuclear power and nuclear materials processing.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements made in this press release other than statements of historical fact, are forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include, among other things: statements and assumptions relating to future growth, as well as management's short-term and long-term performance goals; statements regarding anticipated order patterns from our customers or the anticipated economic conditions of the industries and markets that we serve; statements related to the performance of the U.S. and other economies generally; statements relating to the anticipated effects on results of operations or financial condition from recent and expected developments or events; statements relating to Flanders' business and growth strategies; statements regarding the future effects on our operations and securities due to the new board members and any other statements or assumptions that are not historical facts. Flanders believes that its expectations are based on reasonable assumptions. However, these forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause Flanders' actual results, performance or achievements, or industry results, to differ materially from Flanders' expectations of future results, performance or achievements expressed or implied by these forward-looking statements. In addition, Flanders' past results of operations do not necessarily indicate its future results. These and other uncertainties are discussed in the "Risk Factors'' section of the Company's 2009 Form 10-K, which we expect to file on or before March 15, 2010. The future results of Flanders may fluctuate as a result of these and other risk factors detailed from time to time in the company's filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date of this press release. Except as otherwise required by applicable laws, Flanders undertakes no obligation to publicly update or revise any forward-looking statements or the risk factors described in this press release, including projected sales and profit levels for any business segment in any given quarter, whether as a result of new information, future events, changed circumstances or any other reason after the date of this press release.
For further information on Flanders and its products, visit its web site at http://www.flanderscorp.com/ or contact John Oakley at 252-946-8081.