Interlink Electronics Announces Results of Annual Shareholder’s Meeting
CAMARILLO, CA (USA), July 19, 2010 — INTERLINK ELECTRONICS, INC. (OTC: LINK.PK), a sensor technology company, announces the results of the annual meeting of its shareholders that was held on July 13, 2010 (the “Annual Meeting”).
At the Annual Meeting the shareholders elected Mr. Steven N. Bronson, Mr. Edward J. Fred and Mr. Lorin E. Krueger as members of the Board of Directors of Interlink Electronics.
Steven N. Bronson, 44, is the president and founder of Catalyst Financial LLC, an investment banking firm registered with the US Securities and Exchange Commission. Mr. Bronson has over 26 years of Wall Street experience and securities industry contacts. Mr. Bronson is a successful value investor who has been personally involved in over $300 million in financings, mergers and acquisition transactions for small and middle market companies. Additionally, Mr. Bronson is the President and Chairman of BKF Capital Group, Inc. since September 19, 2008, and the Chairman, President and majority shareholder of Ridgefield Acquisition Corp. and 4net Software, Inc., all publicly traded companies.
Edward J. Fred, 51, is the Chief Executive Officer and President of CPI, a publicly-held aerospace company listed on the NYSE Amex Stock Exchange (symbol: CVU). He has been an officer of CPI since February 1995 and a director since January 1999. He was CPI’s controller from February 1995 to April 1998, when he was appointed chief financial officer, a position he held until June 2003 and then from January 2004 to May 2004. He was executive vice president from May 2000 until December 2001 and was appointed president in January 2002 and chief executive officer in January 2003. For approximately ten years prior to joining CPI, Mr. Fred served in various positions for the international division of Grumman, where he last held the position of controller. Mr. Fred holds a Bachelor of Business Administration in Accounting from Dowling College and an Executive MBA from Hofstra University.
Lorin E. Krueger, 54, is currently the Chief Executive Officer and President of Route 66 Holding, a private investment holding company and Chief Executive Officer of Supply Tigers Inc., a B2B e-commerce company. He is also the Director at Winland Electronics, Inc., a position he has held since 1983. Mr. Krueger also held the following positions at Winland Electronics, Inc.: from January 1999 until January 2, 2008 he served as President; from June 1, 2001 to January 2, 2008, he served as Chief Executive Officer; in addition to being one of the founding partners of Winland Electronics, Inc., Mr. Krueger also served as the Chief Operating Officer, and other executive officer positions, from 1983 until January of 1999.
Following the Annual Meeting, the Board of Directors appointed Mr. Steven N. Bronson as the CEO and Chairman of Interlink Electronics. Additionally, Mr. George Gu and Mr. Lawrence Barker tendered their resignations from Interlink Electronics’ Board of Directors effective on July 13, 2010.
“Interlink has been on the forefront of sensor technology since 1985 and I’m looking forward to working with the dedicated employees at Interlink,” said Steven N. Bronson, newly elected Chairman and Chief Executive Officer of Interlink. “I’m committed to taking the necessary steps to building long-term growth and profitability with the company.”
Effective March 30, 2009, Interlink Electronics was no longer required to make filings in accordance with SEC regulations. Interlink Electronics intends to continue to keep shareholders informed of financial results through press releases, postings on the Pink Sheets disclosure system (www.pinksheets.com) under the symbol LINK, and updates on our web site at www.interlinkelectronics.com.
About Interlink Electronics, Inc.
Interlink Electronics, Inc. (OTC: LINK.PK) is a sensor technology company and one of the world’s leading innovators of intuitive interface design. With more than 40 patents around the world protecting its technologies and products, Interlink Electronics serves a world-class customer-base from its corporate headquarters in Camarillo, California and offices in Japan, Hong Kong and China. For more information, see http://www.interlinkelectronics.com.
This release contains forward-looking statements that involve a number of risks and uncertainties. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: historical losses and negative cash flow, the success of business divestitures and acquisitions, the ownership of the majority of our stock by a small group of investors, our success in predicting new markets and the acceptance of our new products, efficient management of our infrastructure, the pace of technological developments and industry standards evolution and their effect on our target product and market choices, the effect of outsourcing technology development, changes in the ordering patterns of our customers, a decrease in the quality and/or reliability of our products, protection of our proprietary intellectual property, competition by alternative sophisticated as well as generic products, pending litigation against Interlink, historical weaknesses in internal controls over financial accounting, the continued availability at competitive prices of raw materials for our products, disruptions in our manufacturing facilities, risks of international sales and operations including fluctuations in exchange rates, compliance with regulatory requirements applicable to our manufacturing operations, and customer concentrations. The forward-looking statements contained in this release should be considered in light of these risk factors.
Contact:
Investor Relations Contact: Charles Best
cbest@interlinkelectronics.com 805-484-8855 ext. 151
