Ault Incorporated Announces New Board Member; Lyron Bentovim Joins Board of Directors
October 11 2005 - 6:00PM
Business Wire
Ault Incorporated (Nasdaq:AULTE) announced today that Lyron
Bentovim is joining the Company's Board of Directors, effective
immediately. Mr. Bentovim is managing director of Skiritai Capital,
a San Francisco-based investment adviser and the Company's largest
shareholder. "We look forward to having someone of Lyron's
experience and background on the Board," commented Fred Green,
Ault's president and chief executive officer. "I'm sure that Ault
will benefit from his knowledge and depth of expertise." Prior to
forming Skiritai Capital, Mr. Bentovim served as president of
WebBrix Inc., a business providing physical space and services to
on-line retailers. Prior to WebBrix, Mr. Bentovim worked for
various consulting firms including USWebricks, the Mitchell Madison
Group and McKinsey & Company. Mr. Bentovim has also worked as a
foreign exchange trader and served as a tank commander in the
Israeli Defense Forces. He has an MBA from Yale and a law degree
from Hebrew University in Jerusalem. Ault is a leading manufacturer
of power conversion products headquartered in North America. The
Company is a major supplier to original equipment manufacturers of
wireless and wire line communications infrastructure, computer
peripherals and handheld devices, medical equipment, industrial
equipment and printing/scanning equipment. Statements regarding
Ault's anticipated future performance are forward-looking and
therefore involve risks and uncertainties that could cause results
or developments to differ significantly from those indicated in the
forward-looking statements. These include, but are not limited to:
market conditions in the global electronics industry, buying
patterns of major customers, competitive products and technologies,
the ability to control expense growth, and other factors set forth
in the Company's filings with the Securities and Exchange
Commission.
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