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FOR IMMEDIATE RELEASE
ST. LOUIS, MISSOURI
August 31, 2006
Angelica Announces O’Hara to Assume President Duties
Following Van Vliet Resignation
ST. LOUIS--(BUSINESS
WIRE)--August 31, 2006--Angelica Corporation, a leading provider of healthcare
linen management services, announced today that Steve O’Hara, Chairman and CEO,
will add the additional responsibilities of President effective September 30,
2006, following the resignation of David Van Vliet, the Company’s President and
Chief Operating Officer. Mr. Van Vliet will be leaving the Company effective
September, 30 2006 in order to pursue another opportunity.
Mr. O’Hara
commented, "Dave has played an integral role in refocusing Angelica’s structure
and culture around the customer with innovative programs designed to delight the
customer. The management team and I remain committed to delighting our
customers while implementing the operational process improvements underway to
build shareholder value. On behalf of the entire company, I would like to thank
him for his considerable contributions to the Company. While we are sorry to
see him leave, we wish him all the best in his future endeavors.”
“I look forward to focusing more of my time and energy on operational matters
previously led by Dave with the goal of working with our management team to
build the leading customer focused linen service company in healthcare and
achieving our stated fiscal year 2008 financial objectives.”
Angelica Corporation, traded on the New York Stock Exchange under the symbol
AGL, is a leading provider of textile rental and linen management services to
the U.S. healthcare market. More information about Angelica is available on its
website, www.angelica.com.
Forward-Looking Statements
Any forward-looking
statements made in this document reflect the Company's current views with
respect to future events and financial performance and are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Such statements are subject to certain risks and uncertainties that may cause
actual results to differ materially from those set forth in these statements.
These potential risks and uncertainties include, but are not limited to,
competitive and general economic conditions, the ability to retain current
customers and to add new customers in competitive market environments,
competitive pricing in the marketplace, delays in the shipment of orders,
availability of labor at appropriate rates, availability and cost of energy and
water supplies, the cost of workers' compensation and healthcare benefits, the
ability to attract and retain key personnel, the ability of the Company to
recover its seller note and avoid future lease obligations as part of its sale
of Life Uniform, the ability of the Company to accomplish its strategy of
redirecting its resources to its healthcare linen management business in a
timely and financially advantageous manner, unusual or unexpected cash needs for
operations or capital transactions, the effectiveness of certain expense
reduction initiatives, the ability to obtain financing in required amounts and
at appropriate rates and terms, the ability to identify, negotiate, fund,
consummate and integrate acquisitions, and other factors which may be identified
in the Company's filings with the Securities and Exchange Commission.
Contact:
Angelica Corporation, St. Louis
Jim Shaffer or Colleen Hegarty, 314-854-3800
www.angelica.com
or
Integrated Corporate Relations,
Inc.
Michael Fox/Devlin Lander, 203-682-8200
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