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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