RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Jan. 15,
2008--Liquidmetal(R) Technologies, Inc. (OTCBB:LQMT) today announced
the appointment of Gerald E. Morrow as the new Chief Financial Officer
effective immediately. Mr. Morrow brings to the company thirty years
of corporate financial expertise spanning five service and
manufacturing industries, in the areas of financial management,
strategic planning and equity placements. As an established senior
executive, Gerald Morrow most recently served as the Vice President of
Finance for the California based Performance Team Freight Systems,
Inc., overseeing all finance and human resources responsibilities. He
also brings to Liquidmetal(R) Technologies a track record of improved
financial reporting, budgeting and performance management systems
which facilitate rapid growth and support manufacturing efficiencies.
At the southern California based Goulds Pumps, Inc., Mr. Morrow
implemented an activity based cost system bringing about a complete
division turnaround for the manufacturer from loss to profitability.
As a former Controller for Dun & Bradstreet Corporation's Donnelley
Information Publishing, Mr. Morrow was responsible for finance,
budgeting, and procurement services and served as a key member of the
executive council responsible for implementation of a total quality
management program which accounted for major sales growth over a three
year period.
John Kang, Chairman of Liquidmetal Technologies commented, "Gerry
joins Liquidmetal Technologies at an exciting time in the
commercialization of our technology. Gerry is an experienced and
mature CFO and has utilized his financial expertise to develop
valuable financial systems to support operations in growth and
changing environments throughout his career. His deep financial
expertise will be valuable as the Company builds its business through
internal growth and our licensed partners."
This press release may contain "forward-looking statements" that
involve risks and uncertainties, including statements regarding our
plans, future events, objectives, expectations, forecasts, or
assumptions. Any statement in this press release that is not a
statement of historical fact is a forward-looking statement, and in
some cases, words such as "believe," "estimate," "project," "expect,"
"intend," "may," "anticipate," "plans," "seeks," and similar
expressions identify forward-looking statements. These statements
involve risks and uncertainties that could cause actual outcomes and
results to differ materially from the anticipated outcomes or result,
and undue reliance should not be placed on these statements. These
risks and uncertainties may include: our limited operating history in
developing and manufacturing products from bulk amorphous alloys; the
adoption of our alloys by customers; the commercial success of our
customer's products; our ability to identify, develop, and
commercialize new applications for our alloys; competition with
suppliers of incumbent materials; the development of new materials
that render our alloys obsolete; the ability to manage our anticipated
growth; our limited direct experience in manufacturing bulk alloy
products; scaling-up our manufacturing facilities; protecting our
intellectual property; problems associated with manufacturing and
selling our alloys outside of the United States; and other risks and
uncertainties discussed in filings made with the Securities and
Exchange Commission (including risks described in subsequent reports
on Form 10-Q, Form 10-K, Form 8-K, and other filings). Liquidmetal
Technologies disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise.