Northern Technologies International Corporation Appoints Tilman Bernhard Frank and Koh Soo Keong to Board of Directors
2008年5月6日 - 11:26PM
PRニュース・ワイアー (英語)
MINNEAPOLIS, May 6 /PRNewswire-FirstCall/ -- Northern Technologies
International Corporation (AMEX:NTI) today announced the
appointment of Tilman Bernhard Frank and Koh Soo Keong to its Board
of Directors effective as of May 2, 2008. Mr. Frank will serve as a
member of the Compensation Committee. Mr. Frank is Chief Executive
Officer of Societat fur Unternehmensplanung ("S�U�P") GmbH, a
personnel consulting company, where he has served in such position
since July 2007. From June 2001 to July 2007, Mr. Frank served as
Managing Director of S�U�P. Prior to joining S�U�P, Mr. Frank
served as Senior Vice President of Marketing and Sales of vamedis*
AG, a German-based e-procurement solutions provider, from October
2001 to May 2001. Mr. Frank holds a Medical Doctor degree from the
University of Frankfurt. Mr. Koh is the Managing Director of
EcoSave Pte Ltd., a company whose business is focused on
environmental biotech and energy conservation technologies, a
position he has held since 16th April 2007. From January 1986 to
April 2007, Mr. Koh served as Chief Executive Officer and President
of Toll Asia Pte Ltd formerly SembCorp Logistics Ltd (SembLog), a
Singapore public listed company, which was acquired by Toll in May
2006. Mr. Koh has over 20 years of experience in the logistics
industry. Mr. Koh holds a Bachelor of Engineering, a Master of
Business Administration and a Postgraduate Diploma in Business Law
from the University of Singapore (now known as the National
University of Singapore). "Both Tilman and Koh are highly
accomplished executives with international experience who will
bring substantial operating expertise to NTIC and whose expertise
and insights will be valuable in helping to guide NTIC's continued
growth," said Patrick Lynch, president and chief executive officer
of NTIC. About Northern Technologies International Corporation
Northern Technologies International Corporation focuses on
developing, marketing and selling proprietary environmentally
responsible materials science based products and technical services
directly and via a network of independent distributors,
manufacturers' representatives and joint ventures in over 50
countries. NTIC manufactures, markets and sells primarily rust and
corrosion inhibiting products and services for automotive,
electronics, electrical, mechanical and military applications, sold
under the brand names Zerust(R) and EXCOR(R). NTIC also offers
direct, worldwide on-site technical support on rust and corrosion
issues. NTIC's technical service representatives work directly with
the end users of NTIC's products to analyze their specific needs
and develop systems to meet their technical requirements. In
addition to Zerust(R) products and services, NTIC's consolidated
net sales in North America for the six months ended February 29,
2008 included sales of NTIC's Natur-Tec(TM) products, which are
part of NTIC's new biodegradable and compostable plastics line.
Forward-Looking Statements Statements contained in this press
release that are not historical information are forward-looking
statements as defined within the Private Securities Litigation
Reform Act of 1995. Such statements can be identified by words such
as "expect," "anticipate," "continued," "estimate," "will,"
"would," or words of similar meaning and any other statements that
are not historical facts. Such forward-looking statements are based
upon the current beliefs and expectations of NTIC's management and
are inherently subject to risks and uncertainties that could cause
actual results to differ materially from those projected or
implied. Such potential risks and uncertainties include, but are
not limited to, in no particular order: the contraction of the U.S.
automobile industry and its adverse effect on the demand for NTIC's
Zerust(R) products, the failure of NTIC to realize any benefits,
financial or otherwise, from its efforts to expand the application
of its corrosion inhibiting technology into the oil and gas
industry and its product line, the difficulties and risks
associated with NTIC's international operations and its corporate
joint ventures, and NTIC's reliance on its joint ventures for
distributions and fees for technical services. More detailed
information on these and additional factors which could affect
NTIC's operating and financial results is described in the
company's filings with the Securities and Exchange Commission,
including its most recent annual report on Form 10-KSB and
subsequent quarterly reports on Form 10-QSB. NTIC urges all
interested parties to read these reports to gain a better
understanding of the many business and other risks that the company
faces. Additionally, NTIC undertakes no obligation to publicly
release the results of any revisions to these forward-looking
statements, which may be made to reflect events or circumstances
occurring after the date hereof or to reflect the occurrence of
unanticipated events. DATASOURCE: Northern Technologies
International Corporation CONTACT: Matthew Wolsfeld, Chief
Financial Officer of Northern Technologies International
Corporation, +1-763-225-6600 Web site: http://www.ntic.com/
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