Paragon Technologies Announces Changes to its Board of Directors
21 Abril 2008 - 12:15PM
PR Newswire (US)
EASTON, Pa., April 21 /PRNewswire-FirstCall/ -- Paragon
Technologies, Inc. (AMEX:PTG), a leading supplier of "smart"
material handling systems and "software-driven" warehouse and
distribution center solutions, announced today that Robert J.
Blyskal and Anthony W. Schweiger have resigned their positions as
directors of Paragon Technologies, Inc. Leonard S. Yurkovic, Acting
CEO, said, "Paragon appreciates the contributions they have made
during their tenure as members of the Board of Directors of the
Company." Other changes announced today include the following.
Ronald J. Izewski and Robert J. Schwartz have been appointed by the
Board of Directors to fill the vacancies created by the recent
resignations of Messrs. Blyskal and Schweiger. Also, Mr. Izewski
has been appointed Chairman of the Audit Committee of the Board of
Directors, and Mr. Schwartz has been appointed as a member of the
Audit Committee and the Compensation Committee of the Board of
Directors. In addition, Samuel L. Torrence, a member of the Board
of Directors since 2007, was appointed as a member of the
Nominating Committee of the Board of Directors. Ronald J. Izewski,
age 51, currently serves as the Senior Vice President ("SVP") and
Chief Financial Officer ("CFO") of Just Born, Inc., a privately
owned confectionery manufacturer of jellybeans, marshmallows, and
other candy products. Mr. Izewski joined Just Born in 1995 as Vice
President of the Finance Division, assumed the role of CFO in 2002,
and was promoted to SVP/CFO in 2007. From 1984 to 1995, Mr. Izewski
held several financial leadership positions, including Vice
President and General Manager of the Donruss Trading Cards Division
at the Leaf Candy Company. From 1978 to 1984, Mr. Izewski was an
Audit Supervisor in the Chicago, Illinois office of Coopers &
Lybrand, a public accounting firm. Mr. Izewski holds a Bachelor's
Degree in Accounting from Southern Illinois University and is a
Certified Public Accountant. Mr. Izewski is active in the community
and resides in Doylestown, Pennsylvania with his wife and three
children. Robert J. Schwartz, age 70, is the founder and President
of Land Equity Inc., a real estate firm located in Lebanon, New
Jersey. For over 30 years, Land Equity Inc. has specialized in
commercial and industrial land sales. Mr. Schwartz began his career
in real estate in 1967 and has established his company in key
markets of Massachusetts, New Jersey, Pennsylvania, and Maryland.
Mr. Schwartz holds a Bachelor of Science Degree in International
Marketing from Fairleigh Dickinson University. Mr. Schwartz is
active in the community and resides with his family in Finesville,
New Jersey. Len Yurkovic commented, "I am pleased that Ronald
Izewski and Robert Schwartz have joined the Paragon Board of
Directors. Their knowledge and experience will complement that of
our current directors. Our Board and management team look forward
to their involvement as members of the Company's Board of
Directors." About Paragon Technologies Paragon Technologies is a
leader in integrating material handling systems and creating
automated solutions for material flow applications. SI Systems'
branded technologies and material handling solutions address unit
assembly in manufacturing operations and order fulfillment
applications. One of the top material handling systems suppliers
worldwide, SI Systems leading clients have included the United
States Postal Service, BMG, Peterbilt, Honda, and Maybelline.
Cautionary Statement. Certain statements contained herein are not
based on historical fact and are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995 and the Securities and Exchange Commission rules,
regulations and releases. Paragon intends that such forward-looking
statements be subject to the safe harbors created hereby. Among
other things, the forward-looking statements regard Paragon's
earnings, liquidity, financial condition, review of strategic
alternatives, and other matters. Words or phrases denoting the
anticipated results of future events, such as "anticipate," "does
not anticipate," "should help to," "believe," "estimate," "is
positioned," "expects," "may," "will," "is expected," "should,"
"continue," and similar expressions that denote uncertainty, are
intended to identify such forward-looking statements. Paragon's
actual results, performance, or achievements could differ
materially from the results expressed in, or implied by, such
"forward-looking statements:" (1) as a result of factors over which
Paragon has no control, including the strength of domestic and
foreign economies, sales growth, competition, and certain cost
increases; and (2) if the factors on which Paragon's conclusions
are based do not conform to its expectations. The forward-looking
statements contained in this press release may become outdated over
time. Paragon does not assume any responsibility for updating any
forward-looking statements. Furthermore, achievement of the
objectives of the Company is subject to certain risks, including,
but not limited to, those risks outlined in Paragon's filings with
the Securities and Exchange Commission, including its annual report
on Form 10-K for the year ended December 31, 2007. Press release
and prior releases are available at http://www.ptgamex.com/
DATASOURCE: Paragon Technologies, Inc. CONTACT: Len Yurkovic,
Acting CEO of Paragon Technologies, Inc., +1-610-252-3205, Fax:
+1-610-252-3102 Web site: http://www.ptgamex.com/
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