ETC Announces the Resignation of James R. Wells as Vice President, General Counsel, Chief Compliance Officer, and Corporate Secretary
SOUTHAMPTON, PA, USA, January 9, 2015 – Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today announced that James (“Jim”) R. Wells, Vice President, General Counsel, Chief Compliance Officer, and Corporate Secretary has resigned, in order to become General Counsel of ARI based in Mt. Laurel, NJ. Founded in 1948 by Holman Automotive Group, ARI is the largest privately held vehicle fleet management service company in the world.
Robert L. Laurent, Jr., Chief Executive Officer, President, and Director, said “During his tenure at ETC, Jim provided sound advice and strong leadership in positioning the Company for enhanced growth. We will miss him. We are engaging in a search for a new General Counsel, and Jim has been very helpful in that process.”
This news release contains forward-looking statements, which are based on management's expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "future", "predict", "potential", "intend", or "continue", and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements.