Puroflow Incorporated Names Rainer Bosselmann Vice Chairman of the Board of Directors
SUN VALLEY, Calif.--Jan. 2, 2003--Puroflow Incorporated (OTCBB:PFLW) announced that it has named Rainer Bosselmann to its Board of Directors as Vice Chairman. The Chairman of the Board, Travis Bradford, remarked, "We are fortunate to find Mr. Bosselmann and his management team, who have such a strong track record of creating value, available to help us pursue new ways to increase value to Puroflow shareholders." Rainer Bosselmann stated, "I believe that the current market environment provides us with many opportunities to enter other lines of business at attractive valuations which will ultimately increase value to all shareholders." Mr. Bosselmann is 59 years old and is joined by his longtime management team of Haywood Miller, 43 years old, and Arthur Trudel, 53 years old, as officers of the Company. Mr. Bosselmann was recently the Chairman of the Board of Arguss Communications, Inc. , a company that built and maintained telecommunications systems for major telecommunications customers and was sold to Dycom Industries, Inc. in February, 2002. He was also the Vice Chairman of the Board and President of Jupiter National, Inc. (AMEX:JPI), a business development company that was sold to Johnson Industries, Inc. in 1996.Puroflow Incorporated, headquartered in Sun Valley, CA, provides a broad range of products that are sold to aftermarket users in the aviation and automotive industries. Aftermarket users include, but are not limited to, original equipment manufacturers, domestic and foreign government and military and commercial users.
This press release 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, as amended. Although the Company believes the assumptions underlying the forward-looking statements contained herein, including the development plans of the Company, are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the press release will prove to be accurate. In light of significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.