EAST RUTHERFORD, NJ--(Marketwire - October 25, 2007) - The Alpine Group, Inc. ("Alpine")
(PINKSHEETS: APNI) announced today that David A. Owen, Alpine's Chief
Financial Officer, had resigned from that position and been appointed
Senior Vice President, Finance and Accounting of Wolverine Tube, Inc.
(OTCBB: WLVT), where he will be named Chief Financial Officer, effective
January 1, 2008. Steven S. Elbaum, Chairman and Chief Executive Officer of
Alpine, stated that "Dave is a very experienced and effective manager. His
joining Wolverine will greatly strengthen its senior management team and
add value not only to Alpine's investment in Wolverine, but to that of all
shareholders. We appreciate his years of service to Alpine and are pleased
to name Michael E. Smith as Vice President-Finance of Alpine. As Alpine's
Controller, Mike reported to Dave and we are pleased to promote Mike to
this well deserved position. Mike has been with Alpine and affiliates
since 1998."
The Alpine Group, Inc. (PINKSHEETS: APNI) has substantial experience in
operating and actively managing companies in which it invests capital.
Alpine has focused on industrial and other businesses that are
underperforming, experiencing financial constraints and will benefit from
operational improvements, consolidation and an improved capital structure.
Alpine has actively invested in and operated leading domestic and global
manufacturers of specialty materials, coatings, wire and cable products and
electronic components.
Except for the historical information herein, the matters discussed in this
news release include forward-looking statements that may involve a number
of risks and uncertainties. Actual results may vary significantly based on
a number of factors, including, but not limited to, risks in product and
technology development, market acceptance of new products and continuing
product demand, prediction and timing of customer orders, the impact of
competitive products and pricing, changing economic conditions, including
changes in short-term interest rates and foreign currency fluctuations, and
other risk factors detailed in Alpine's most recent annual report and other
filings with the Securities and Exchange Commission.