Breeze-Eastern Reports Resignation Of Director Jay Harris
Breeze-Eastern Corporation (NYSE Amex: BZC) today reported that Jay Harris resigned as a Director of the Company. Mr. Harris, who has served as a Director for more than three years, explained that other demands on his time made it unlikely that he would be able to dedicate the time necessary to fulfill his role as a Director of the Company going forward. In his communication with Mike Harlan, President and CEO of the Company, and with his fellow Directors, Mr. Harris voiced his continued support for Mr. Harlan’s leadership of Breeze-Eastern and expressed his best wishes for both Mr. Harlan’s and the Company’s continued success.
Charles Grigg, Chairman of the Board of the Company said “We will miss Jay both as a friend and as a valued member of the Board. His advice and excellent business judgment proved his value as a member of the Board time and again during his service as a Director; we wish him well in all his future endeavors.”
Breeze-Eastern Corporation ( http://www.breeze-eastern.com) is the world’s leading designer and manufacturer of high performance lifting and pulling devices for military and civilian aircraft, including rescue hoists, winches and cargo hooks, and weapons-lifting systems.
INFORMATION ABOUT FORWARD-LOOKING STATEMENTSThis news release contains 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, regarding our future operating performance, financial results, events, trends and plans. All statements in this news release other than statements of historical facts are forward-looking statements. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates,” “believes,” “could,” “expects,” “intends,” “may,” “should” and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause our actual results, events or financial positions to differ materially from those included within the forward-looking statements. Such factors include, but are not limited to competition from other companies; changes in applicable laws, rules, and regulations affecting the Company in the locations in which it conducts its business; interest rate trends; a decrease in the United States government defense spending, changes in spending allocation or the termination, postponement, or failure to fund one or more significant contracts by the United States government or other customers; determination by us to dispose of or acquire additional assets; general industry and economic conditions; events impacting the U.S. and world financial markets and economies; and those specific risks disclosed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2010, and other filings with the Securities and Exchange Commission. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information or future events.
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