"We are implementing a broad restructuring of our sales operations with a focus towards greater integration and cooperation between our subsidiaries. These activities will be further advanced by our new VP of Sales and Marketing for the Company, Rick Anderson, who was hired in April. Mr. Anderson has a proven history of energizing sales and marketing programs within the CATV industry. He will also help lead our entrance into new territories and expand our position in the CATV market. In addition, we have engaged an investment banker to assist us in executing our acquisition strategy for distribution, service or manufacturing companies within the CATV and telecommunication equipment markets.
"With the addition of Mr. Anderson, our executive management team is in place and dedicated to seeing this strategy implemented. This is going to be an exciting period for ADDvantage, and I believe that the Company's strategy and the market are properly aligned for us to be successful," concluded Mr. Humphrey.
Earnings Conference Call
As previously announced, the Company will host a conference call on Tuesday, May 14, 2013, at 12:00 p.m. Eastern Time featuring remarks by Ken Chymiak, Chairman of the Board, David Humphrey, President and Chief Executive Officer, Dave Chymiak, Chief Technology Officer, and Scott Francis, Chief Financial Officer. The conference call will be available via webcast and can be accessed through the Investor Relations section of ADDvantage's website, www.addvantagetechnologies.com. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the Internet broadcast. The dial-in number for the conference call is (888) 364-3108 (domestic) or (719) 457-2727 (international). All dial-in participants must use the following code to access the call: 3572199. Please call at least five minutes before the scheduled start time.
For interested individuals unable to join the conference call, a replay of the call will be available through May 28, 2013 at (877) 870-5176 (domestic) or (858) 384-5517 (international). Participants must use the following code to access the replay of the call: 3572199. The online archive of the webcast will be available on the Company's website for 30 days following the call.
About ADDvantage Technologies Group, Inc.
ADDvantage Technologies Group, Inc. supplies the cable television (CATV) industry with a comprehensive line of new and used system-critical network equipment and hardware from leading manufacturers, including Cisco, Motorola, ARRIS and Fujitsu Frontech North America, as well as operating a national network of technical repair centers. The equipment and hardware ADDvantage distributes is used to acquire, distribute, and protect the broad range of communications signals carried on fiber optic, coaxial cable and wireless distribution systems, including television programming, high-speed data (Internet) and telephony.
ADDvantage operates through its subsidiaries, Tulsat, Tulsat-Atlanta, Tulsat-Nebraska, Tulsat-Texas, NCS Industries, ComTech Services and Adams Global Communications. For more information, please visit the corporate web site at www.addvantagetechnologies.com.
The information in this announcement may include forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments that the Company expects or anticipates will or may occur in the future, are forward-looking statements. These statements are subject to risks and uncertainties, which could cause actual results and developments to differ materially from these statements. A complete discussion of these risks and uncertainties is contained in the Company's reports and documents filed from time to time with the Securities and Exchange Commission.
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