[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.
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