McLaren Performance Technologies Creates
In-House Communications and Investor Relations
Discipline
-- Cher Van Dyke and Candy Rees to Assume
The Expanded Roles of Communications Coordinators --
LIVONIA, Mich., March 1 McLaren Performance Technologies
announced today the creation of its own, in-house
communications and investor relations discipline.
"Communications is a critical success factor in today's age of
information, so as McLaren Performance Technologies prepares to accelerate
ahead, we must rev-up our ability to interact with all of our constituencies
-- including the media, employees, investors and shareholders, our new and
expanding customer base and the local community," said Steven Rossi, president
and chief executive officer, McLaren Performance Technologies.
McLaren Performance Technologies' external relations responsibilities will
be coordinated by Cher Van Dyke and Candy Rees, who will immediately expand
their roles to include the fulfillment of communications and investor
relations activities, respectively.
According to Rossi, "Who better to communicate the values and virtues of
McLaren Performance Technologies, not to mention its unparalleled corporate
heritage and brand equity, than Cher and Candy -- who between them have more
than 27 years of experience at our Livonia, Mich. Headquarters."
McLaren Performance Technologies, a publicly traded company, provides
full-service design, development, fabrication, testing, validation and
certification of automotive powertrains and related components, development
and licensing of patented traction systems, as well as complete vehicle
development and prototyping capabilities. First established as the engine
development company for Bruce McLaren Motor Racing, McLaren Performance
Technologies has been a recognized leader in the Detroit-area engineering
community for more than 30 years.
McLaren Performance Technologies, which serves the automotive, racing,
aftermarket and marine industries, has four business units: McLaren Engines,
McLaren Traction, McLaren Vehicle Development and McLaren Manufacturing.
More information about McLaren Performance Technologies can be found by
visiting the company's website at http://www.mclarenengines.com .
This release contains forward-looking statements within the meaning of
Section 21E of the securities Exchange Act of 1934, as amended, which are
intended to be covered by the "safe harbor" created thereby. These statements
include the plans and objectives of management for future operations,
including plans and objectives. The forward-looking statements herein are
based on current expectations that involve judgments with respect to, among
other things, future economic, competitive, and market conditions and future
business decisions, all of which are difficult or impossible to predict
accurately and many of which are beyond control of the Company. Although the
Company believes that the assumptions underlying the forward-looking
statements are reasonable, any one of the assumptions could be inaccurate and,
there fore, can be no assurance that the forward-looking statements included
in this release will prove to be accurate.