Business
ETC Announces Resignation of Chief Financial Officer
ETC Announces Resignation of Chief Financial Officer.
About this update from Environmental Tectonics Corp.
[{"type":"text","content":"\n SOUTHAMPTON, Pa., May 05, 2023 (GLOBE NEWSWIRE) -- Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today announced that Joseph F. Verbitski, Jr. has decided to leave his position as Chief Financial Officer, effective May 12, 2023, to pursue an opportunity outside the company. ETC’s Board of Directors has initiated the process to identify qualified candidates to fill the position. Robert L. Laurent, Jr., ETC’s Chief Executive Officer, said, \"We greatly appreciate the contributions that Joseph made to ETC during his tenure here. I want to assure our investors that Joseph’s decision was made for personal reasons and in no way reflects any concerns, either on his or ETC's part, regarding ETC's accounting practices, financial reporting or internal controls. We wish Joseph well in his future endeavors and look forward to completing our search for a new Chief Financial Officer.\" About ETC: ETC designs, manufactures, and sells software driven products and services used to recreate and monitor the physiological effects of motion on humans, and equipment to control, modify, simulate and measure environmental conditions. Our products include aircrew training systems (aeromedical, tactical combat, and general), disaster management systems, sterilizers systems (steam and gas), environmental testing and simulation systems, and other products that involve similar manufacturing techniques and engineering technologies. ETC’s unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC is headquartered in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/. Forward-looking Statements This news release contains forward-looking statements, which are based on management’s expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “future”, “predict”, “potential”, “...