Prolong International Appoints Anthony J. Azavedo, CPA, to Board of Directors
IRVINE, Calif.--June 11, 2003--Prolong International Corporation (AMEX:PRL), (http://www.prolong.com), a technology driven consumer products holding company and parent of Prolong Super Lubricants, Inc., manufacturer and marketer of patented consumer automotive, commercial/industrial and household products, is pleased to announce that Anthony J. Azavedo, CPA, has been appointed to its Board of Directors.Mr. Azavedo is a certified public accountant and financial advisor and has been engaged in private practice supervising accounting and tax matters for businesses and sole proprietors in Orange County, California for more than twenty years. An entrepreneur, Mr. Azavedo has developed his own Irvine, California, accounting and tax practice to include several hundred clients.
"We are pleased that such an accomplished businessman, who has practical experience in so many strategically important areas, has joined our Board. We are confident that his proven financial experiences will assist us in meeting our goals," said Elton Alderman, Chairman, CEO and President. Mr. Azavedo fills an existing vacancy on the Board and will serve on the Audit Committee.
"Public companies are structuring their Board of Directors to ensure compliance with the recently enacted Sarbanes-Oxley Act," said Thomas Billstein, Chief Operating Officer. "Mr. Azavedo is familiar with the reporting requirements of publicly traded companies and his broad accounting and tax experience will be especially useful in serving on the Board's Audit Committee. We feel his experience will further strengthen the integrity of our public reporting."
"I am looking forward to the opportunity to assist Prolong in meeting and exceeding its business goals and objectives in future years," Mr. Azavedo said.
Prolong International Corporation (AMEX:PRL), a consumer products holding company headquartered in Irvine, California, through its operating subsidiaries, manufactures, markets and distributes a complete line of patented lubricant and proprietary automotive, commercial/industrial and household products. The Company's products are marketed and sold under the brand name Prolong Super Lubricants(R) and are used in consumer, automotive and industrial applications. Prolong products are sold throughout the United States at major chain stores and auto retailers and in international markets. More information about Prolong International Corporation and its products can be obtained at http://www.prolong.com.
Forward-Looking Statements