Brian Bonar Steps Down as Allegiant Professional President; Will Remain on BOD

Dec 01, 2010, 08:00 ET from Allegiant Professional Business Services Inc.

SAN DIEGO, Dec. 1, 2010 /PRNewswire/ -- Brian Bonar, President of Allegiant Professional Business Services Inc., has tendered his resignation effective Dec. 1, 2010, the company said. He will retain his seat on the Board of Directors.

Norman Tipton, Allegiant's General Counsel, said the decision was Bonar's and was for personal and professional reasons. "Brian's contribution to Allegiant cannot be overestimated," Tipton said. "We are pleased that he will continue to provide guidance to our Board of Directors."

Safe Harbor:

Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Sept. 30, 2007, and its subsequent filings with the SEC.

SOURCE Allegiant Professional Business Services Inc.