SOURCE: Channell Commercial Corporation

October 23, 2008 09:00 ET

Channell Appoints Williams to Board of Directors

TEMECULA, CA--(Marketwire - October 23, 2008) - Channell Commercial Corporation (NASDAQ: CHNL), a designer and manufacturer of telecommunications equipment supplied to operators of communications networks worldwide and water harvesting solutions distributed in markets throughout Australia and North America, today announced that Richard W. Williams has been appointed to the board as an independent director and a member of the Audit Committee.

Mr. Williams is the CEO of Williams & Associates where he provides an extensive range of financial advisory, consulting, and capital raising services to the residential and commercial real estate markets. Prior to 2001, Mr. Williams served over 5 years as senior vice president of finance for Herbalife International, Inc. While at Herbalife, a multi-billion dollar global provider of wellness and personal care products, he was responsible for financial and operational reporting, product pricing, internal audit, and the coordination of relationships with the financial community. Previous to Herbalife, Mr. Willams served nearly 10 years as senior vice president and controller for The Irvine Company, a multi-billion dollar real estate investment company.

William H. Channell, Jr., President and Chief Executive Officer, commented, "We are pleased that we are able to bring additional substantial finance expertise to the board through Richard's appointment. His skill set will be a valuable asset to both our core global telecom operations as well as our water harvesting business units as we navigate through the challenging global environment."

About Channell

Channell Commercial Corporation is a designer and manufacturer of telecommunications equipment supplied to communications network operators worldwide and water harvesting solutions distributed in markets throughout Australia. Major product lines include a complete line of thermoplastic and metal fabricated enclosures, advanced copper termination and connectorization products, fiber-optic cable management systems and polyethylene water storage tanks. Channell's headquarters and U.S. manufacturing facilities are in Temecula, California. International operations include facilities in Toronto (Canada), London (U.K.) and various locations throughout Australia. Channell's website is www.channell.com

Forward-Looking Statements

This news release contains statements that are not historical in nature and that may be characterized as "forward-looking statements" within the meaning of the securities laws. Examples of forward looking statements would include statements about the expected future revenues, expenses and other financial results, and any other statements that are not historical facts. These statements are based on management's current expectation and are subject to a number of uncertainties and risks. Actual results may differ materially. Important factors that could cause actual results to differ materially from the Company's estimates or projections contained in the forward-looking statements include, but are not limited to: (1) obsolescence of Company products resulting from technological change, (2) ability to anticipate changes in technology and industry standards in order to successfully develop and introduce new products, (3) dependence on a few customers for a large percentage of sales, (4) dependence on the telecommunications industry to represent a substantial portion of the Company's total sales, (5) customer demand, (6) material costs and the availability of complementary products, (7) energy costs, (8) integration of acquired businesses, (9) delays in product development, (10) operating leverage, (11) seasonality and fluctuations in operating results and (12) worldwide economic conditions. Such uncertainties are discussed further in the Company's filings with the Securities and Exchange Commission, which you are encouraged to review in connection with this release.

Contact Information

  • Contacts
    At the Company:
    Michael Perica
    Treasurer
    951-719-2600
    Email Contact