This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lakeland Industries, Inc. Announces New Management For Lakeland Brasil, S.A.









RONKONKOMA, N.Y., Sept. 25, 2013 /PRNewswire/ -- Lakeland Industries, Inc. (the "Company")  (NASDAQ: LAKE), a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and first responders on the federal, state and local levels, today announced the hiring of new management for Lakeland Brasil, S.A.

(Logo: http://photos.prnewswire.com/prnh/20120611/NY21959LOGO )

Lakeland Industries, Inc. is pleased to announce that on September 16, 2013, Mr. Eduardo Fernandes Tavarez assumed the role of President of Lakeland Brasil, S.A., a wholly owned subsidiary of Lakeland Industries, Inc. In his new capacity, Mr. Tavarez will be the senior executive responsible for all aspects of Lakeland Brasil. He will report to Lakeland Industries' Chief Operating Officer (COO) and the Vice President – International Sales.

Mr. Tavarez has prior experience in the Brazilian personal protective equipment (PPE) market and has successfully implemented and managed customer oriented, value added sales programs and has a proven track record of turning around sales organizations. 

"We welcome Mr. Tavarez and look forward to supporting him in his efforts to revitalize Lakeland Brasil," said Mr. Chis Ryan, Chief Executive Office and President of Lakeland Industries. "His knowledge of the Brazilian PPE market and relationships with end users, distributors and suppliers, will be a tremendous asset as Lakeland Brasil focuses on growing sales and introducing new, value-added propositions to our customers. The addition, Mr. Tavarez will complete the installation of an entirely new management team at Lakeland Brasil and is indicative of Lakeland Industries' continued commitment to the Brazilian market. The mission for Mr. Tavarez and his team is to revitalize customer relationships, grow sales, improve manufacturing processes, delivery, and customer service, and returning Lakeland Brasil to a position of market leadership."

Mr. Tavarez will work out of Lakeland's Sao Paulo, Brazil sales office, when not traveling in support of the management teams efforts to improve sales and customer relationships.

In June 2013, Lakeland obtained a $15 million Senior Credit Facility with AloStar Business Credit, a division of AloStar Bank of Commerce, and a $3.5 million subordinated term loan.

About Lakeland Industries, Inc.:Lakeland Industries, Inc. (NASDAQ: LAKE) manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market.  The Company's products are sold by a direct sales force and through independent sales representatives to a network of over 1,200 safety and mill supply distributors. These distributors in turn supply end user industrial customers such as chemical/petrochemical, automobile, steel, glass, construction, smelting, janitorial, pharmaceutical and high technology electronics manufacturers, as well as hospitals and laboratories. In addition, Lakeland supplies federal, state, and local government agencies, fire and police departments, airport crash rescue units, the Department of Defense, the Centers for Disease Control and Prevention, and many other federal and state agencies.  For more information concerning Lakeland, please visit the Company online at www.lakeland.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:  Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in Press Releases and Forms 8-K, registration statements, quarterly and annual reports and other reports and filings filed with the Securities and Exchange Commission or made by management.  All statements, other than statements of historical facts, which address Lakeland's expectations of sources or uses for capital or which express the Company's expectation for the future with respect to financial performance or operating strategies can be identified as forward-looking statements.  As a result, there can be no assurance that Lakeland's future results will not be materially different from those described herein as "believed," "projected," "planned," "intended," "anticipated," "estimated" or "expected," or other words which reflect the current view of the Company with respect to future events.  We caution readers that these forward-looking statements speak only as of the date hereof.  The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events conditions or circumstances on which such statement is based.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs