SOURCE: Channell Commercial Corporation

November 12, 2008 08:00 ET

Channell Appoints President and COO

TEMECULA, CA--(Marketwire - November 12, 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 Guy Marge has been appointed President and Chief Operating Officer.

Mr. Marge brings nearly 30 years of senior executive-level experience and leadership to the Company. Over this period, he has managed, directly or indirectly, 22 separate business units and successfully executed nine turnarounds all of which remain successful ongoing entities. Prior to joining the Company, Mr. Marge served as President, CEO, and director of a $100 million privately held holding company that operated several businesses in the real estate and heavy manufacturing industries. Prior to his most recent position, Mr. Marge served 12 years as the President and CEO of Milhous Group, Inc., a holding entity that managed several companies across diversified industries with aggregate revenues in excess of $200 million.

William H. Channell, Jr., Chief Executive Officer, commented, "In these difficult times the Board and I are delighted Guy has agreed to assist us on the future endeavors at Channell. His past service on the Board as well as his years of knowledge as it relates to Channell will allow him to quickly make strategic changes in our business model. His strong operation skills coupled with a direct understanding of our manufacturing processes will also allow him to effectively position the company's water sector so it becomes more efficient and productive."

Mr. Channell continued, "To additionally assist Guy in his efforts we have diligently rebuilt the Board with new outside members who have strong backgrounds in finance, distribution and water related technologies. These placements were a result of a mutual collaboration between Guy and me and we expect that our new board member will assist management to make the Company more strategic and globally focused. Once we have the company's current financial challenges behind us, Guy's merger and acquisition background will only complement my ambition to see our telecom and water sectors grow expeditiously. I look forward to Guy's assistance in our efforts to return the Company to financial prosperity."

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 and North America. 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. The Company'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. The Company'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. These statements are based on management's current expectations, are neither promises nor guarantees, and are subject to a number of uncertainties and risks that could cause a failure to comply with these forward-looking statements. For a detailed discussion of such risks and uncertainties, please see the Company's filings with the Securities and Exchange Commission, which you are encouraged to review in connection with this release. You should not place undue reliance on any such forward-looking statements in this press release, which are current only as of the date when made, and you should not expect that these forward-looking statements will be updated or supplemented as a result of changing circumstances or otherwise.

Contact Information

  • CONTACTS

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