Phil Zeni Moves to Merger & Acquisition Role at Orban/CRL
Tempe, Ariz., Jul. 20 - Orban ®/CRL (NASDAQ: CRLI.OB), a worldwide leader in audio processing for broadcasting and the Internet, announced today that Phillip T. Zeni, Sr. has been tapped to fill a newly created position as Executive Vice President of Mergers & Acquisitions for Orban/CRL. Zeni has held the position of Executive Vice President and Chief Operating Officer for the company since 2002.
Commenting on the appointment, Orban/CRL President, Chairman, and CEO Jay Brentlinger said, “We continue to seek both internal and outside opportunities to grow our company. We value Phil's unique skills and expertise and are now looking to him to help us find potential alliances and opportunities to accelerate our growth.”
Orban/CRL Systems is a world leader in the design and manufacture of transmission audio processors for broadcasting and the Internet. For more information contact David Rusch at phone +1 480 403-8300, fax +1 480 403-8301 or Email: drusch@orban.com. Information is also available at www.orban.com and www.orban-europe.com.
About Orban
Founded in 1970 by Bob Orban, the world's foremost expert in transmission audio processing for broadcast, Orban leads the industry in the design and manufacture of audio processors for radio, television and Internet broadcasting. Recognized for its standard-setting Optimod ® digital audio processors and the Audicy digital audio workstation, the Orban name has become synonymous with reliable, high performance products. Today, its versatile audio processing equipment, editing tools and codecs are the products of choice in fast-paced production environments worldwide. In 2000, Orban ® was acquired by Circuit Research Labs — a manufacturer of high-quality digital and analog audio processing, transmission encoding, and noise reduction equipment. Orban/CRL Systems now accounts for the majority of the global market for radio, TV and Internet audio processing. As technology evolves, Orban/CRL continues to innovate with state-of-the-art audio processing products for DAB, DTV and streaming media.
Orban/CRL Forward-Looking Statements
This news release may contain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Management's anticipation of future events is based upon assumptions regarding levels of competition, research and development results, raw material markets, the markets in which the company operates, and stability of the regulatory environment. Any of these assumptions could prove inaccurate, and therefore there can be no assurance that the forward-looking information will prove to be accurate. Orban/Circuit Research Labs, Inc. develops, manufactures and markets electronic audio processing, transmission encoding and noise reduction equipment for the worldwide radio, television, cable, Internet and professional audio markets. The Orban division manufactures and markets audio processing equipment, primarily using digital technology. Orban Europe is a worldwide leader in ISO/MPEG, audio, ISDN, satellite transmission, networking, and storage. More information is available at www.orban.com and www.orban-europe.com.