CINCINNATI, July 13, 2015 (GLOBE NEWSWIRE) — LSI Industries Inc. (NASDAQ:LYTS) today announced four key additions to its sales management team. The new additions include:
- Jeff Ginder, who joins LSI as EVP-Lighting Sales with over 20 years experience in the Lighting and Lighting Controls market working at General Electric and Cooper Lighting.
- Pat Gee, who joins LSI as VP-Commercial & Industrial Sales with over 20 years experience in the Lighting and Lighting Renovation market working at Acuity Brands Lighting and Relume.
- Leonard Fernandez, who joins LSI as VP-Quick Service Restaurant sales with over 30 years experience in the Lighting and Electrical market working at General Electric, Schneider Electric, and Fulham.
- Stephen Khodabakhsh, who joins LSI as Director-National Accounts with over 10 years experience in the Lighting market working at Acuity Brands Lighting.
Shawn Toney, President of LSI Lighting Division, commented, “Our lineup of LED solutions continues to increase for both outdoor and indoor applications. LED now makes up 60% of our fixture production schedule and we anticipate this number will rise in the coming months and years. With the addition of these new sales team members, we are well prepared to participate in the LED evolution that is advancing across the US. I am pleased to report that the contributions of these new hires are already becoming apparent, as they have begun to make meaningful contributions to our sales goals.”
Dennis Wells, CEO of LSI Industries stated, “I am excited to see the transformation of our Lighting Sales Management Team and I am confident that this team will take us to the next level. As demand for our products grows, it is important that we have the selling strength in place to fully capitalize on opportunities. The construction season is heating up, and I am confident that we have the right team in place to capture an increasing amount of this business. This is an important component of the LSI Business System approach as we ‘muscle-build’ our sales force for the future.”
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995
This document contains certain forward-looking statements that are subject to numerous assumptions, risks or uncertainties. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. Forward-looking statements may be identified by words such as “estimates,” “anticipates,” “projects,” “plans,” “expects,” “intends,” “believes,” “seeks,” “may,” “will,” “should” or the negative versions of those words and similar expressions, and by the context in which they are used. Such statements, whether expressed or implied, are based upon current expectations of the Company and speak only as of the date made. Actual results could differ materially from those contained in or implied by such forward-looking statements as a result of a variety of risks and uncertainties over which the Company may have no control. These risks and uncertainties include, but are not limited to, the impact of competitive products and services, product demand and market acceptance risks, potential costs associated with litigation and regulatory compliance, reliance on key customers, financial difficulties experienced by customers, the cyclical and seasonal nature of our business, the adequacy of reserves and allowances for doubtful accounts, fluctuations in operating results or costs whether as a result of uncertainties inherent in tax and accounting matters or otherwise, unexpected difficulties in integrating acquired businesses, the ability to retain key employees of acquired businesses, unfavorable economic and market conditions, the results of asset impairment assessments, the Company’s ability to maintain an effective system of internal control over financial reporting, our ability to remediate any material weaknesses in our internal control over financial reporting and any other risk factors that are identified herein. You are cautioned to not place undue reliance on these forward-looking statements. In addition to the factors described in this paragraph, the risk factors identified in our Form 10-K and other filings the Company may make with the SEC constitute risks and uncertainties that may affect the financial performance of the Company and are incorporated herein by reference. The Company does not undertake and hereby disclaims any duty to update any forward-looking statements to reflect subsequent events or circumstances.
About the Company
Leadership. Strength. Innovation. These are the key values upon which LSI Industries Inc. was founded in 1976. Today LSI demonstrates these values in our dedication to advancing technology throughout all aspects of our business. From product solutions to production techniques, we are committed to American innovation through technology. The fundamental core strategy of LSI Industries is “Lighting + Graphics + Technology = Complete Image Solution.”
We are a vertically integrated manufacturer which combines technology, design and manufacturing to produce efficient, high quality lighting and graphics products. We are dedicated to advancing solid-state LED technology to make affordable, high performance, energy efficient lighting and custom graphic products that provide value to our customers. We offer design support, engineering, installation and project management for custom lighting and graphics rollout programs.
Our major markets include commercial / industrial lighting, petroleum / convenience store and multi-site retail (including automobile dealerships, restaurants and national retail accounts).
For further information, contact Dennis Wells, Chief Executive Officer and President at (513) 793-3200.
Additional note: Today’s news release, along with past releases from LSI Industries, are available on the Company’s internet site at www.lsi-industries.com or by email or fax, by calling the Investor Relations Department at (513) 793-3200.
CONTACT: DENNIS WELLS (513) 793-3200