Bonded Motors Announces Appointment of New VP of Sales
9 March 2000
Bonded Motors Announces Appointment of New Vice President of Sales and Warehouse Operations
LOS ANGELES--March 9, 2000--Bonded Motors Inc. today announced the appointment of industry veteran Dan Belling to the position of Vice President of Sales and Warehouse Operations.Belling brings extensive experience and technical knowledge to the post. His first assignments will be to improve communications with the Company's existing customer base, and to study and revise internal systems and distribution channels.
Bonded Motors also announced that it anticipates improved gross margins with the new pricing structures in place for the current fiscal year.
Bonded Motors (www.bondedmotors.com) is a remanufacturer of car and light truck engines with headquarters in Los Angeles. The Company's principal customers are automotive parts chain stores, such as Pep Boys, CSK Automotive and Genuine Parts (NAPA).
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release regarding operational improvements and changes, future revenue and earnings expectations, and expansion of the company's markets, are subjective or forward-looking statements that include risks and uncertainties, including, but not limited to, product demand and development, technological advancements, impact of competitive products and pricing, growth in targeted areas, manufacturing capacity, risks of foreign operations and other information detailed from time to time in the company's Securities and Exchange Commission filings.
