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Inventronics Appoints Respected Marketing Executive to IVT Board
Marketing Specialist Will Complement IVTs Diversification Drive
A widely recognized marketing specialist has joined the board of Inventronics Limited, a custom metal enclosures manufacturer with operations in North America and the United Kingdom, to help IVT continue to execute a market diversification program to reduce the company's traditional dependence on the telecommunications market.
Calgary, Alberta -- Mar. 13, 2002 -- Inventronics Limited (IVT:TSE), a designer and manufacturer of custom enclosures for the communications, electronics and other industries in North America and the United Kingdom, today announced the appointment of Mr. Alan R. Wiggan to its board of directors.
Mr Wiggan is a marketing specialist with more than 25 years of entrepreneurial experience at the helm of two nationally recognized marketing and communications companies, Hayhurst Communications and Parallel Strategies. As President and Senior Partner of these firms, Mr. Wiggan guided them through extremely profitable growth and orderly succession.
I am very pleased to welcome Mr. Wiggan to Inventronics board of directors," said Dan Stearne, Inventronics President and CEO. His marketing expertise will be a welcome addition as Inventronics continues to diversify beyond its long-time customer base in the telecommunications industry."
Earlier this month, Inventronics announced an agreement with a new U.S. customer that is expected to generate $8 million of additional annual sales. The customer, which has not been identified for competitive reasons, is from one of five industries -- cable television, electronic controls, electric utilities, energy resources and computer servers -- that Inventronics has begun targeting to attract additional customers outside the telecommunications sector.
In only a short time, we have successfully attracted new customers in all five of these targeted industries, and we are confident we will attract many more," Mr. Stearne said. Mr. Wiggan will play an important advisory role in Inventronics ongoing market diversification and expansion program."
The Inventronics board is composed of retired Northern Telecom executive Mr. Jack Hillier; Mr. Kent Jesperson, chairman of La Jolla Resources International; retired 3M executive Mr. Gerald Pint; Mr. Stearne; and Mr. Wiggan.
About Inventronics:
Inventronics Limited, which was founded in 1970, designs and manufactures custom enclosures and related products for the communications, electronics and other industries in North America and United Kingdom from ISO 9001-registered facilities in Brandon, Manitoba; Sherwood Park, Alberta; and Dudley, England. Corporate head offices are located in Calgary, Alberta. For more information about the company, its products and services, go to www.inventronics.com. Shares of Inventronics trade on the Toronto Stock Exchange under the symbol IVT."
FOR FURTHER INFORMATION PLEASE CONTACT:
Dan J. Stearne, President and CEO (403) 265-4880, dstearne@inventronics.com
Robert P. Brookwell, Senior VP and CFO (403) 265-4880, rbrookwell@inventronics.com
Jeff Adams, Communications Advisor (403) 265-4880, jadams@inventronics.comCash
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