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Colbert H. Cannon Appointed to DataPath's Board of Directors
Duluth, Ga. — Feb. 11, 2008 — DataPath, Inc., a leading provider of satellite and wireless communications networks around the world, has appointed Colbert H. Cannon to its board of directors. Cannon is currently a managing director in charge of private investments for Glenview Capital Management, a $9 billion multi-strategy investment firm based in New York.
"The board welcomes Colbert, and we look forward to working closely with him," said Tom Dyer, DataPath's executive chairman of the board. "His broad financial background and experience advising technology, manufacturing and defense-related businesses, both private and public, will be a great addition as our company continues to evolve and we execute on our 2008 strategic plan."
Cannon previously served as a principal on the private equity team at Audax Group, a leading, mid-market $1 billion private equity firm. Prior to joining Audax, he worked in mergers and acquisitions as well as real estate investments for Goldman Sachs & Co.
He is currently a director on the boards of Endgame Entertainment, Intermedix, SiteScout™ and ANTONE Wireless.
Cannon graduated with honors from Harvard College.
About DataPath, Inc.
DataPath is a global leader in creating satellite-based network solutions that solve customers' toughest communications challenges. It specializes in enabling highly complex, video-intensive communications networks that are critical to the operations of military, civilian government and commercial organizations. Even in the most urgent time frames and extreme conditions, DataPath establishes and maintains communications anywhere and delivers total network control through its communications solutions, MaxView® network control software and comprehensive services. DataPath is headquartered in Duluth, Ga., U.S.A. and operates via more than two dozen offices and distributor locations around the world. For more information, visit www.datapath.com.
Safe Harbor Disclosure
This press release, other than historical information, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on management's beliefs and assumptions, current expectations, estimates and projections. Forward-looking statements may include projections and estimates concerning the timing and success of specific projects and the future revenues, income and capital spending of DataPath, Inc. (the "Company.")
A variety of factors beyond the control of the Company may affect the Company's performance, including, but not limited to the Company's ability to sustain its historical growth rate; the Company's dependence on sales to the U.S. government for a high percentage of its revenues; increased competition using commercial off-the-shelf (COTS) hardware and software solutions; changes or delays in U.S. government funding programs and priorities; termination or modification clauses contained in U.S. government contracts; continued supply of critical components and services, including COTS-based hardware; maintenance of exclusive procurement or marketing rights with key suppliers; restrictions contained in federal and international procurement laws and regulations; and operation in international markets, including the application of international and foreign domestic laws and regulations.
Any of the above factors and numerous others not listed nor foreseen may adversely affect the Company's financial performance. Forward-looking statements speak only as of the date on which they were made, and the Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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