WEST MELBOURNE, Fla., June 9, 2011 /PRNewswire/ -- At the Company's Annual Meeting on May 25, 2011, directors of RELM Wireless Corporation (NYSE Amex: RWC) reelected George N. Benjamin III to his eighth one-year term as Chairman of the Board.
Mr. Benjamin has served on the Board of Directors at RELM Wireless ( www.relm.com) since January 1996. A longtime business leader, his career includes senior executive experience with The Marmon Group; BICC Cables, NA; TIE/Communications, Inc.; Ericsson, Inc.; and TRIG Systems.
In recent years Mr. Benjamin has specialized as a consultant on acquisitions and mergers, restructurings and turnarounds, entrepreneurial startups, and new business expansion for domestic and international companies in the telecommunications technology, electronic instrumentation, electro-mechanical equipment, and wire and cable industries through TRIG Systems, a worldwide management consulting company. During the years 1997-1999, he served as President of BICC Brand-Rex, and from 1998 to 1999 as President and Chief Executive Officer of BICC Cables Corp., N.A. From 1988 to 1995, Mr. Benjamin was Group Vice President of The Marmon Group, Inc., and he served as President and Chief Executive Officer of TIE/Communications, Inc. during the years 1992-1995. From 1985 to 1987 he was President of Ericsson, Inc., a wholly owned subsidiary of Ericsson, N.A.
Mr. Benjamin holds three U.S. patents involving solid dielectric insulated high-voltage cable design and manufacturing equipment and processes.At the annual meeting, Chairman Benjamin recognized the RELM management team for its progress in adding new products for the government and public safety market; providing one of the leading feature/value propositions in the Land Mobile Radio Industry. He also acknowledged the contributions of the Board of Directors toward enhancing RELM's prospects for future growth and improved shareholder returns. About RELM Wireless Corporation As an American Manufacturer for more than 60 years, RELM Wireless Corporation has produced highspecification twoway communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies, as well as radios for use in a wide range of commercial and industrial applications. Advances include a broad new line of leading digital twoway radios compliant with APCO Project 25 specifications. RELM's products are manufactured and distributed worldwide under BK Radio and RELM brand names. The Company maintains its headquarters in West Melbourne, Florida and can be contacted through its web site at www.relm.com or directly at 18008212900. The Company's common stock trades on the NYSE Amex market under the symbol "RWC". This press release contains certain forward-looking statements that are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act Of 1995. These forward-looking statements concern the Company's operations, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others, the following: risks relating to uncertain economic conditions in the United States; reliance on contract manufacturers; heavy reliance on sales to the U.S. Government; federal, state and local budget deficits and spending limitations; limitations in available radio spectrum for use by land mobile radios; general economic and business conditions; changes in customer preferences; competition; changes in technology; changes in business strategy; the debt and inventory levels of the Company; quality of management, business abilities and judgment of the Company's personnel; and the availability, terms and deployment of capital. Certain of these factors and risks, as well as other risks and uncertainties, are stated in more detail in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 and in the Company's subsequent filings with the SEC . These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. SOURCE RELM Wireless Corporation
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV