Mr. Kelley stated, "I am appreciative of the opportunity to
serve as the President and Chief Executive Officer of Tii.
Over the past five months, I have worked with sales,
engineering, manufacturing and administrative members of
management to provide a seamless transition for our
customers, suppliers and employees. We have worked to
strengthen operations, manufacturing, forecasting
requirements, customer management and inventory control. Tii
has an excellent market position and is well positioned to
continue to meet its strategic goals to be a
'best in class' provider to the telecommunications
industry."
Mr. Kelley, 60, was elected to the Company's Board in April
2008 and has served as Chairman of the Company's Board since
May 2010. Mr. Kelley served as a Director of OEM Capital
Corp., a technology focused investment banking firm, from
November 2010 until January 2012. From December 2006 until he
joined OEM Capital Corp., Mr. Kelley was President of TAMCO
Technology, a business development company focused on
telecommunications asset management and financing solutions.
From January 1994 until August
2006, Mr. Kelley served as President and Chief Executive
Officer of Cognitronics Corporation, a company that designed
and marketed voice processing systems to the
telecommunications industry. From 1986 until 1994, Mr. Kelley
served in senior management positions with TIE
Communications, Inc., a company engaged in the engineering,
distribution and sale, of telecommunications products,
services and software. Mr. Kelley holds a Bachelor of Arts
degree in Economics from the University of New Hampshire and
a Masters in Business Administration degree from the
University of Connecticut.
Certain statements are "forward-looking statements"
within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this release, words such as
"may," "should," "seek,"
"believe," "expect,"
"anticipate," "estimate,"
"project," "intend," "strategy"
and similar expressions are intended to identify forward
looking statements regarding events, conditions and financial
trends that may affect our future plans, operations, business
strategies, operating results and financial position.
Forward-looking statements are subject to a number of known
and unknown risks and uncertainties that could cause our
actual results, performance or achievements to differ
materially from those described or implied in the
forward-looking statements as a result of several factors. We
undertake no obligation to update any forward-
looking statement to reflect future events. Among those
factors are: