Source: LSI Industries Inc.
CINCINNATI, Oct. 29, 2015 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ:LYTS) today announced the appointment of W.E. (Buddy) Mayo, Jr. to Corporate Vice President, Sales and Marketing of LSI's Graphics Segment. Mr. Mayo joins LSI with 16 years of experience in the signage and graphics industry. Previous employers include Principle Group, ImagePoint, Crossmark/Alpha One and Proctor & Gamble. Mr. Mayo received a Bachelor of Science, Communications, from the University of Tennessee.
Jeff Croskey, President of LSI's Graphics Segment, commented, "I am very pleased to welcome Mr. Mayo to LSI's Graphics management team. We are working diligently to improve both top- and bottom-line results in this segment. Mr. Mayo brings an impressive set of high-level sales and marketing skills which I am confident will contribute meaningfully to this goal."
Mr. Mayo commented, "I have always admired LSI Industries and am excited to join the team. I am particularly intrigued by LSI's unique "Lighting + Graphics = Image" strategy, which is already receiving positive feedback as I begin to reach out to current and prospective customers. These early indications provide me with confidence that there is a lot of opportunity to grow this business."
Dennis W. Wells, President and Chief Executive Officer, commented, "I welcome Mr. Mayo's addition to the LSI management team. As I have previously indicated, we intend to place an emphasis on sales growth in fiscal 2016 and beyond. We began this initiative in the Lighting Segment by muscle-building our sales force during fiscal 2015, and are already beginning to reap the benefits of this effort. I am confident that Mr. Mayo will complement this initiative in the Graphics Segment. Mr. Mayo has built an impressive list of customer relationships during his sales career, and he knows how to access the decision makers within organizations. Further, he embraces the concept of Lighting + Graphics = Image, and believes that this strategy provides an enormous and unique opportunity for LSI."
Mr. Wells continued, "The Graphics industry is changing rapidly, and I believe that we are now very well-positioned as a company to take advantage of the opportunities that this dynamic environment presents. The Lighting, Graphics, and Technology teams are all working well together to adapt to the industry's evolving needs. Further, I am very encouraged by the early reports that I have received from Mr. Croskey since he joined the company earlier this month."
"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
We are a customer-centric company that positions itself as a value-added, trusted partner in developing superior image solutions through our world-class lighting, graphics, and technology capabilities. Our core strategy of "Lighting + Graphics + Technology = Complete Image Solutions" differentiates us from our competitors.
We are committed to advancing solid-state LED technology to make affordable, high performance, energy-efficient lighting and custom graphic products that bring value to our customers. We have a vast offering of innovative solutions for virtually any lighting or graphics application. In addition, we provide sophisticated lighting and energy management control solutions to help customers manage their energy performance. Further, we provide a full range of design support, engineering, installation and project management services to our customers.
We are a vertically integrated U.S.-based manufacturer concentrating on serving customers in North America and Latin America. Our major markets include commercial / industrial lighting, petroleum / convenience store and multi-site retail (including automobile dealerships, restaurants and national retail accounts). Headquartered in Cincinnati, Ohio, LSI has facilities in Ohio, Kansas, Kentucky, New York, North Carolina, Oregon, Rhode Island and Texas. The Company’s common shares are traded on the NASDAQ Global Select Market under the symbol LYTS.
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, is 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 W. WELLS (513) 793-3200
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