| SOUTHAMPTON, Pa., March 3 /PRNewswire-FirstCall/ -- Environmental
Tectonics Corporation (Amex: ETC) today announced that two new members had
been appointed to join its Board of Directors, George K. Anderson, MD, MPH,
and H. F. "Gerry" Lenfest, President of The Lenfest Group of West Chester, Pa. Dr. Anderson is an experienced physician executive and preventive medicine leader. He began his professional career as an Air Force flight Surgeon, serving overseas medical duty in Korea and Germany as well as aerospace medicine leadership positions in the United States. Following thirty years of military service, he transitioned to physician executive positions in the private sector. Dr. Anderson's positions in the Air Force include serving as Deputy Assistant Secretary of Defence (Health Services Operations and Readiness), Commander of the Human Systems Center, Air Force Material Command, which included the Armstrong Laboratory, the School of Aerospace Medicine, and the Human Systems Program Office. He retired from active duty in the grade of Major General. An attorney by trade, Mr. Lenfest practiced law with the New York firm of Davis Polk & Wardwell before joining Triangle Publications, Inc., in Philadelphia as Associate Counsel in 1965. In 1970 Mr. Lenfest was placed in charge of Triangle's Communications Division, serving as Editorial Director and Publisher of SEVENTEEN magazine and President of the CATV Operations. In 1974, Mr. Lenfest with the support of two investors formed Lenfest Communications, Inc., which purchased Suburban Cable TV Company and Lebanon Valley Cable TV Company from Triangle with a total of 7,600 subscribers. In January 2000, Mr. Lenfest sold his cable television operations, which by then served 1.2 million subscribers to COMCAST Corporation but still retains interests in companies principally involved in national satellite promotion of cable programming and software for managing cable advertising and marketing promotions. Additionally, Mr. Lenfest is the owner of various other businesses in Pennsylvania and Maryland and is active in many philanthropic activities including Chairman of the Board of the Philadelphia Museum of Art and The Lenfest Foundation. David Lazar resigned from the Board in December 2002. William F. Mitchell, Chairman and president of ETC, said, "I am especially pleased to have two new Board members with such diverse and significant backgrounds. Each is very accomplished in their individual area of expertise and I look forward to their valued input into ETC's Board." ETC designs, develops, installs and maintains aircrew training systems, public entertainment systems, process simulation systems (sterilization and environmental), clinical hyperbaric systems, environmental testing and simulation systems, and related products for domestic and international customers. This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about the Company that may cause our actual results, levels of activity, performance or achievements to be materially different from any other future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "could", "would", "expect", "plan", "anticipate", "believe", "estimate", "continue", or the negative of such terms or similar expressions. Factors that may cause or contribute to such a discrepancy include, but are not limited to, contract cancellations, political unrest in customer countries, general economic conditions, and those issues identified from time to time in our Securities and Exchange Commission filings and other public documents, including, without limitation, our Annual Report on Form 10-K for the fiscal year ended February 22, 2002. |
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