ORLANDO, Fla., June 24, 2010 (GLOBE NEWSWIRE) -- The LGL Group, Inc. (NYSE Amex: LGL) (the "Company") today announced the launch of its new corporate website at http://www.lglgroup.com.
The new website offers an improved user experience and contains, among other things:
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An About Us section that includes Company history and biographies of the Board of Directors and Management;
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Investor relations data in the Investors section, information on subsidiary companies in the Operations section, and press releases in the Press Room section; and
- A form to sign up for the Company's mailing list.
"Our goal in redesigning the website was to enhance investor relations and provide our key customers with ongoing updates on our company, products and technology," said Greg Anderson, the Company's Chief Executive Officer. "Investors will now have access to additional information regarding the Company on our website, along with more intuitive navigation, better organization of content and an improved look. We continue to work towards greater investor accessibility and driving growth in shareholder value," said Mr. Anderson.
On May 17, 2010, the Company announced a 41.9% increase in first quarter 2010 revenues compared with first quarter 2009; and net income for the first quarter 2010 of $1,066,000 compared with a net loss of $1,008,000 for the same period in 2009. Diluted earnings per share was $0.48 for first quarter 2010.
About The LGL Group, Inc.
The LGL Group, Inc., through its wholly-owned subsidiary MtronPTI, manufactures and markets highly engineered electronic components used to control the frequency or timing of signals in electronic circuits. These devices are used extensively in infrastructure equipment for the telecommunications and network equipment industries. They are also used in electronic systems for military applications, avionics, earth-orbiting satellites, medical devices, instrumentation, industrial devices and global positioning systems. The Company has operations in Orlando, Florida, Yankton, South Dakota and Noida, India. MtronPTI also has sales offices in Hong Kong and Shanghai, China.
For more information on the Company and its products and services, contact R. LaDuane Clifton at The LGL Group, Inc., 2525 Shader Rd., Orlando, Florida 32804, (407) 298-2000, or visit the Company's Web site: www.lglgroup.com.
The LGL Group logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7478