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Bross will be responsible for the strategic direction of all Pro Hort Americas marketing efforts, strategic alliances and partnerships, new business and driving new product initiatives.
Following a thorough review and analysis of current business trends and strategy, and approval by the board of directors of an important new product initiative, management believes that while 1994 will be another year of substantial growth, the increase will be less than anticipated in the current Wall Street estimates.
We believe that it is in the best long-term interest of shareholders to focus on debt reduction and investment in new product initiatives and market penetration as opposed to paying a small dividend.
Mayo and Associates will assist GPT in the launch of the new product initiatives previously announced.
This briefing reviews the developments and trends in the automotive components industry, and discusses new product initiatives undertaken by the top 20 component manufacturers worldwide.
We will concentrate our efforts on our new product initiatives.
Nevitt continued, "Our new management team is in place and has hit the ground running with our new product initiatives.
In connection with this news release, the company will host a conference call to discuss PLC's new product initiative at 11:00 a.