[LOGO] One Jake Brown Road Old Bridge, New Jersey 08857-1000 Tel: 732-679-4000 Fax: 732-679-4353 www.blondertongue.com FOR IMMEDIATE RELEASE CONTACT: James A. Luksch Chairman and Chief Executive Officer (732) 679-4000 BLONDER TONGUE STRENGTHENS FOCUS ON STRATEGIC PLAN Realigns Management Team with Two Executive Promotions Old Bridge, New Jersey, February 6, 2007 - Blonder Tongue Laboratories, Inc. (AMEX:BDR), a manufacturer of electronics and systems equipment for the franchised and private cable television industries, continues to move forward with the implementation of its strategic plan with the realignment of its leadership structure and the promotion of two executives as senior vice-presidents. Emily Nikoo has been promoted to Senior Vice-President - Operations and Peter F. Daly, Jr. has been promoted to Senior Vice President - Marketing and Sales. As part of the realignment, the Company has consolidated the manufacturing, operational services, international operations and engineering functions under the leadership of Ms. Nikoo. Mr. Daly, who will serve as the Company's Chief Marketing Officer, will now be responsible for all sales, marketing and technical services functions. Eric Skolnik, Chief Financial Officer and Senior Vice-President - Finance, will continue to be responsible for all finance, accounting, personnel and management information systems functions. Ms. Nikoo has been part of the Company's executive group since 2004, holding the position of Vice-President - Marketing and Technical Services. She joined Blonder Tongue in 1995 as a product manager and has been promoted steadily to several supervisory and management positions. Ms. Nikoo was previously with Lockheed Martin and holds a B.S.E.E. from Purdue University and M.E.E. from the University of Houston. Mr. Daly has been with the Company since 2004, serving as Vice-President - Sales. Prior to joining Blonder Tongue, he was the co-founder, Senior Vice-President and Chief Technology Officer at Lamont Digital Systems, Inc. (LDS). Mr. Daly was also the Vice-President and Chief Operating Officer of the Campus TeleVideo division of LDS for eight years, where he was responsible for the growth of the cable integration business. Commenting on the promotions, James A. Luksch, Chief Executive Officer said, "Today's realignment of our leadership structure marks a significant step in our plans to accelerate execution of our global strategy, broaden and strengthen the senior management team, and address long term succession planning issues. These promotions and the realignment of certain business functions within each of Emily and Pete's respective domains, are intended to take advantage of the unique skill sets that each of them brings to the Company." These executives, as well as other Blonder Tongue officers, senior management and the Board of Directors, will be in attendance at the 2007 Annual Meeting of Shareholders to be held at 10:00 a.m. on Wednesday, May 23, 2007. (Please note: Only owners of record of the common stock of the Company at the close of business on March 30, 2007 will be entitled to notice of and to vote at the Annual Meeting or any adjournments or postponements thereof.) Founded in 1950, Blonder Tongue Laboratories, Inc. has evolved from a manufacturer of electronic equipment for the private cable industry to a principal provider of integrated network solutions and technical services to broadband service providers. The Company designs, manufactures, and supplies a comprehensive line of equipment to deliver video (analog & digital), high speed data and voice services over integrated coaxial and fiber optic broadband networks today and over packet based, Internet protocol networks of the future. For more information regarding Blonder Tongue or its products, please visit the Company's Web site at www.blondertongue.com or contact the Company directly at (732) 679-4000. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The information set forth above includes "forward-looking" statements and accordingly, the cautionary statements contained in Blonder Tongue's Annual Report and Form 10-K for the year ended December 31, 2005 (See Item 1: Business, Item 1A: Risk Factors and Item 7: Management's Discussion and Analysis of Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission are incorporated herein by reference. The words "believe", "expect", "anticipate", "should", "project", and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Blonder Tongue undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Blonder Tongue's actual results may differ from the anticipated results or other expectations expressed in Blonder Tongue's "forward-looking" statements. ###
Blonder Tongue Laboratories (BDRL) 8-KDeparture of Directors or Principal Officers
Filed: 6 Feb 07, 12:00am