WEST WARWICK, RI, June 29, 2011 -- Astro-Med, Inc. (NASDAQ:ALOT)
announced today that Albert W. Ondis retired as a director and Chairman
of the Board and Chief Executive Officer of Astro-Med, Inc. effective
immediately due to illness. Mr. Ondis is a founder of the Company and
has been its Chairman and Chief Executive Officer since 1969.
Today, the Board of Directors appointed Jacques V. Hopkins as
Chairman of the Board of Directors and Everett V. Pizzuti as Chief
Executive Officer to succeed Mr. Ondis. Mr. Hopkins, 80, has been a
member of the Board of Directors of the Company since 1969 and serves as
chairman of the Company's Audit Committee. Mr. Pizzuti, 74, has been
President and Chief Operating Officer of the Company since 1971 and a
director since 1985.
"Albert Ondis has been a driving force behind this Company since its
founding in 1969," stated Jacques V. Hopkins, Chairman of the Board. "We
will miss his vision, insight and wisdom. We are grateful for the
strong foundation he has laid."
About Astro-Med, Inc.
Astro-Med, Inc. is a leading manufacturer of specialty high tech
printing systems, electronic medical instrumentation, and test and
measurement instruments. Astro-Med, Inc. products are sold under the
brand names Astro-Med(R), Grass(R) Technologies and QuickLabel(R)
Systems and are employed around the world in a wide range of aerospace,
medical, military, industrial, and packaging applications. Astro-Med,
Inc. is a member of the Russell Microcap(R) Index. Additional
information is available by visiting www.Astro-MedInc.com.
Safe Harbor Statement
This news release contains forward-looking statements, and actual
results may vary from those expressed or implied herein. Factors that
could affect these results include those mentioned in Astro-Med's FY2011
annual report and its annual and quarterly filings with the Securities
and Exchange Commission.
Contact:
Everett V. Pizzuti
President and CEO
Joseph P. O'Connell
CFO
Astro-Med, Inc.
Tel: 800-343-4039
SOURCE: Astro-Med, Inc.