Exhibit 20.1
AMX Announces New Board Member
[AMX LOGO]
RICHARDSON, Texas, May 10 /PRNewswire-FirstCall/ --
AMX Corporation (Nasdaq: AMXC), the worldwide leader in advanced control system
technology, announced the appointment of Larry N. Goldstein to its Board of
Directors. Larry is a founder and General Partner of Seed Capital Partners, an
early-stage venture fund focused primarily in technology opportunities. He has
made and managed investments in over fifteen private technology-based
businesses. Larry's technology background will complement AMX's existing Board
of Directors with his knowledge and experience in the technology sector.
Prior to his involvement in the early-stage venture capital business, Mr.
Goldstein spent several years in investment banking for a regional firm with a
focus on software and communications opportunities where he was involved in
public offerings, private placements, mergers and acquisitions, and strategic
alliance transactions. Previously, he was employed as a Robotics Engineer at
General Dynamics in Fort Worth, Texas. His responsibilities included the design,
development and implementation of robotic systems for advanced manufacturing.
This work included both hardware and software system design and implementation.
Currently, Mr. Goldstein also serves on the board of directors for other
technology companies.
Bob Carroll, Chief Executive Officer, said, "We are very pleased to have
Larry join AMX's Board. Fiscal year 2003 is a year of investment for AMX and we
plan to devote significant resources to our research and development activities.
We are positioning AMX for long-term growth. Larry will be instrumental in
helping AMX achieve these goals."
AMX Corporation
AMX CORPORATION is the worldwide leader in advanced control system
technology targeting commercial and residential markets. AMX delivers
convenient, easy-to-use solutions that incorporate advanced programming and
network applications to simplify your life through technology. AMX's strategy is
to work with leading dealers and distributors to integrate its products with
other electronic devices, while continuing to lead the industry in control
technology. It's your world. Take Control.(TM) For more information about AMX,
visit http://www.amx.com.
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Statements made in this press release that state the Company's or
management's intentions, beliefs, expectations, or predictions for the future
are forward-looking statements. Such forward-looking statements are subject to a
number of risks, assumptions and uncertainties that could cause the Company's
actual results to differ materially from those projected in such forward-looking
statements. These risks, assumptions and uncertainties include, our strategic
alliances; the ability to develop distribution channels for new products; our
dependence on suppliers, dealers and distributors; reliance on the functionality
of systems or equipment, whether our own systems and equipment or those of our
customers, dealers, distributors, or
manufacturers; domestic and international economic conditions; the financial
condition of our key customers and suppliers; the complexity of new products;
ongoing research and development; our reliance on third party manufacturers; the
ability to realize operating efficiencies; dependence on key personnel; the lack
of an industry standard; reliance on others for technology; our ability to
protect our intellectual property; the quick product life cycle; the resources
necessary to compete; the possible effect of government regulations; possible
liability for copyright violations on the Internet with the use of our products
and other risks referenced from time to time in the Company's filings with the
Securities and Exchange Commission. The forward-looking statements contained
herein are necessarily dependent upon assumptions, estimates and data that may
be incorrect or imprecise. Accordingly, any forward-looking statements included
herein do not purport to be predictions of future events or circumstances and
may not be realized. Forward-looking statements contained herein include, but
are not limited to, forecasts, projections and statements relating to inflation,
future acquisitions and anticipated capital expenditures. All forecasts and
projections in the report are based on management's current expectations of the
Company's near term results, based on current information available pertaining
to the Company, including the aforementioned risk factors. Actual results could
differ materially.
All trademarks and registered marks are the property of their respective
holders.
SOURCE AMX Corporation
Web Site: http://www.amx.com
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