SOURCE: Flanders Corporation

August 14, 2007 16:17 ET

Flanders Corporation Announces Change in Management

ST. PETERSBURG, FL--(Marketwire - August 14, 2007) - Flanders Corporation (NASDAQ: FLDR) announced today that Steven K. Clark has been removed as President, Chief Executive Officer as well as his temporary position of Principal Accounting Officer. Mr. Clark remains a member of the Board of Directors.

The Board of Directors has appointed Robert Amerson as Chief Executive Officer. Mr. Amerson previously served as Chief Executive Officer of the Company.

Mr. Amerson stated, "I want to thank Steve for his service to the Company. The Board felt that a change in direction was necessary at this time." Amerson added, "Management will immediately undertake a review of all operations including factory utilization, sales practices, product mix and staffing with an eye toward increasing shareholder value by improving utilization and operations."

The Company also announced that Harry Smith has been appointed Chief Operating Officer. Mr. Smith has a long history in the air filtration industry. He has worked at Flanders holding roles of increasing responsibility including working with the Flanders direct offices; ARW - Wholesale Division; FSS-Filter Sales and Service; FFI-Flanders Filters Inc; CSC-Charcoal Services Inc, and AirSeal Filter Housings.

Mr. Amerson stated, "Harry is a tremendous asset to Flanders. He understands the business, our factories, sales and all constituencies. His appointment creates consistency within the organization, and will help us improve operations."

The Company additionally announced that Buddy Mercer will remain as Vice President of Operations.

The Company finally announced that Cully Bohush has been appointed interim Chief Accounting Officer. The Company will conduct a search for a permanent Chief Financial Officer. Mr. Bohush, a Certified Public Accountant has been Controller of Flanders for over 5 years. He has a background in public accounting having worked with various CPA firms including Deloitte & Touche, LLP.

SAFE HARBOUR

This press release contains forward-looking statements that are inherently subject to risk. These forward-looking statements are not intended to be promises or predictions of the future and may be affected by a number of factors that may change the currently anticipated outcome. These factors include a review by Management of all operations including factory utilization, sales practices, product mix and staffing with an eye toward increasing shareholder value by improving utilization and operation and Mr. Smith's appointment creating consistency within the organization, and will help us improve operations. These factors, and others, are discussed in Flanders' periodic reports filed with the Securities and Exchange Commission and should be reviewed by the reader of this press release.

ABOUT FLANDERS

Flanders is a leading air filtration products manufacturer. Flanders' products are utilized by many industries, including those associated with commercial and residential heating, ventilation and air conditioning systems, semiconductor manufacturing, ultra-pure materials, biotechnology, pharmaceuticals, synthetics, nuclear power and nuclear materials processing.

For further information on Flanders and its products, visit its web site at http://www.flanderscorp.com/ or contact Robert Amerson at (252) 946-8081.

Contact Information

  • Contact:
    Robert Amerson
    Chief Executive Officer
    Flanders Corporation
    (727) 822-4411