SOURCE: Astro-Med, Inc.

May 16, 2007 11:30 ET

Astro-Med Announces Key Executive Promotions

WEST WARWICK, RI -- (MARKET WIRE) -- May 16, 2007 -- Albert W. Ondis, CEO, Astro-Med, Inc. (NASDAQ: ALOT), announced today that the Board of Directors promoted three key executives on May 15th. The promotions were made to recognize the increased responsibilities of these executives, as well as reaffirm the importance of the Company's essential administrative services in supporting its strategic direction.

Joseph P. O'Connell has been promoted to Senior Vice President and Chief Financial Officer. Mr. O'Connell will continue to oversee the Company's Finance, Human Resources and Information Technology functions in facilitating the effective delivery of these administrative services. Mr. O'Connell will continue to report to Mr. Albert W. Ondis, Chairman and Chief Executive Officer.

Gordon W. Bentley has been promoted to Vice President - Information Technology. Mr. Bentley has been a long-term manager with the Company in a variety of executive roles. Mr. Bentley will continue to manage the company's IT infrastructure, driving the Company's IT strategic direction.

John D. McGuinness has been promoted to Vice President - Corporate Controller. Mr. McGuinness has been with the Company for two years and serves as the Company's principal accounting officer. He came to Astro-Med from Paramount Cards, Inc. where he served as Corporate Controller. Mr. McGuinness will continue to manage the Company's accounting function.

Messrs. Bentley and McGuinness will continue to report to Mr. O'Connell.

"With these important performance changes, we are well positioned to execute the three year growth plan we announced yesterday," said Mr. Ondis.

Astro-Med, Inc., www.astro-medinc.com, is a leading manufacturer of high tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments employed around the world in a wide range of industrial, scientific, and medical applications.

Safe Harbor Statement

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY2007 annual report and its annual and quarterly filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Albert W. Ondis
    Astro-Med, Inc.
    (401) 828-4000