Full Press Release Details
GARDNER, MASSACHUSETTS 01440-3338
Telephone 978 / 630-1800
Telefax 978 / 630-1487
OPTICS CORPORATION ANNOUNCES
OF MR. MICHAEL ARBON AS CHIEF FINANCIAL OFFICER
Precision Optics Corporation, Inc. (Nasdaq: POCI) today announced the
appointment of Michael Arbon as Chief Financial Officer effective immediately.
The appointment of Mr. Arbon continues recent efforts to improve cost
effectiveness. Mr. Arbon brings nearly 20 years experience as Lead Financial
Executive and/or Chief Operating Officer for technology based development and
manufacturing companies. He has degrees in accounting (B.S.) and International
Business (MBA) from Utah State University and Bentley College, Waltham,
Massachusetts, respectively.
succeeds Mr. Jack Dreimiller who has provided distinguished service as CFO at
Precision Optics Corporation for 13 years. Mr. Dreimiller is expected to
continue his support efforts on behalf of Precision Optics Corporation over the
coming 14 months on a consulting basis.
statements contained in this news release, including those related to the
Company's products under development and revenue estimates, are made under "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995 and
involve a number of risks and uncertainties that could materially affect future
results. These risks and uncertainties, many of which are not within the
Company's control, include, but are not limited to, the uncertainty and timing
of the successful development of the Company's new products; the risks
associated with reliance on a few key customers; the Company's ability to
maintain compliance with requirements for continued listing on the NASDAQ
SmallCap Market; the Company's ability to attract and retain personnel with the
necessary scientific and technical skills; the timing and completion of
significant orders; the timing and amount of the Company's research and
development expenditures; the timing and level of market acceptance of
customers' products for which the Company supplies components; performance of
the Company's vendors; the ability of the Company to control costs associated
with performance under fixed price contracts; the continued availability to the
Company of essential supplies, materials and services; and the other risk
factors and cautionary statements listed from time to time in the Company's
periodic reports filed with the Securities and Exchange Commission, including
but not limited to, the Company's Annual Report on Form 10-KSB for the year
ended June 30, 2004.