Vari-L Company Names New Chief Executive Officer

Apr 26, 2001, 01:00 ET from Vari-L Company, Inc.

    DENVER, April 26 /PRNewswire/ -- Vari-L Company, Inc. (OTC: VARL), a
 leading provider of advanced components for the wireless industry, today
 announced the appointment of Charles R. Bland as president and chief executive
 officer.  Bland, who replaces interim CEO Pete Pappas, will join the Company
 on May 7.
     Bland, 52, brings to Vari-L more than 25 years of domestic and
 international management, operations, strategic planning, sales, finance, and
 marketing experience.  Mr. Bland has worked with a variety of high tech and
 manufacturing companies, including 22 years with Owens Corning Fiberglas.
 During his tenure at Owens Corning, Bland held various senior management
 positions, including president of Africa/Latin America operations and
 president of Asia Pacific operations.  As president of Africa/Latin American
 operations, Bland managed total sales volume of $85 million and developed and
 implemented a successful growth strategy that resulted in a 100 percent
 increase in sales of a major product line during two consecutive years.  In
 Asia Pacific, Bland established new joint ventures in China, Thailand and
 India, successfully turned around a previously unprofitable joint venture in
 Korea, and doubled annual sales within the region over a two-year period.
     "Our selection of Charles Bland is the result of an exhaustive search and
 a review of dozens of qualified candidates," said Pappas.  "We are confident
 that he will be an outstanding fit for Vari-L and our long-term strategic
 direction.  Charles has tremendous credentials and an excellent track record
 for managing and growing businesses and the Board believes he is the ideal
 person to lead Vari-L into the future."
     Immediately prior to joining Vari-L, Bland was president of GrowZone,
 Inc., a software company focused on the horticulture industry.  Bland revamped
 GrowZone's business plan and implemented cost controls that resulted in an
 80 percent reduction in operating expenses.  Prior assignments include
 president of AmericasDoctor.com, an Internet health care content site where
 Bland reduced monthly operating expenses by more than 30 percent; and chief
 operating officer with Quark Incorporated, a worldwide leader in shrink wrap
 and client server software for the publishing industry.  Quark achieved record
 financial results during the two years Bland was with the company.
     Bland is a graduate of Ohio State University where he earned a B.S. in
 Accounting and Finance.  He received his MBA from the Sloan School at
 Massachusetts Institute of Technology.  He is the former chairman of the
 finance committee of the Bowling Green State University Foundation.
     During his nine-month tenure as interim CEO, Pappas, and his team of
 turnarounds specialists from BBK, Ltd., directed the Company's return to pro
 forma profitability, negotiated a forbearance agreement with the Company's
 lender, managed relationships with Vari-L customers and suppliers, and hired
 several key manufacturing, sales and marketing personnel.  Pappas will
 continue with Vari-L as a consultant through the transition process.
     "We appreciate Pete's efforts on behalf of Vari-L," said Board member
 David Lisowski.  "Pete effectively managed the Company through many
 challenging issues and we wish him and BBK, Ltd. the best of luck in their
 future engagements."
 
     Headquartered in Denver, Vari-L designs, manufactures and markets wireless
 communications components that generate or process radio frequency (RF) and
 microwave frequency signals.  Vari-L's patented products are used in
 commercial infrastructure equipment (including cellular/paging/PCS base
 stations and repeaters, fixed terminal point to point/multi-point data radios
 including LMDS/MMDS), consumer subscriber products (advanced
 cellular/PCS/satellite handsets, web-enabled smart phones, 2-way pagers,
 wireless PDAs, home networking), and military/aerospace platforms (satellite
 communications/telemetry, missile guidance, electronic warfare, electronic
 countermeasures, battlefield communications).  Vari-L serves a diverse
 customer base of the world's leading technology companies, including Adaptive
 Broadband, Agere, Agilent Technologies, Digital Microwave, Ericsson, Glenayre
 Technologies (Wireless Access), Boeing Satellite Systems, Harris, Lockheed
 Martin, Lucent Technologies, Microwave Data Systems, Mitsubishi, Motorola,
 NEC, NeoPoint, Netro, Nokia, Novatel Wireless, Raytheon, and Siemens.
 
     Some of the statements contained in this news release are forward-looking
 statements.  The accuracy of these statements cannot be guaranteed as they are
 subject to a variety of risks, including but not limited to general economic
 conditions in the United States and the overseas markets served by the
 Company, the success of the products into which the Company's products are
 integrated, governmental action relating to wireless communications, licensing
 and regulation, the accuracy of the Company's internal projections as to the
 demand for certain types of technological innovation, competitive products and
 pricing, the success of new product development efforts, the timely release
 for production and the delivery of products under existing contracts, and the
 outcome of pending and threatened litigation and regulatory actions as well as
 other factors.
 
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SOURCE Vari-L Company, Inc.
    DENVER, April 26 /PRNewswire/ -- Vari-L Company, Inc. (OTC: VARL), a
 leading provider of advanced components for the wireless industry, today
 announced the appointment of Charles R. Bland as president and chief executive
 officer.  Bland, who replaces interim CEO Pete Pappas, will join the Company
 on May 7.
     Bland, 52, brings to Vari-L more than 25 years of domestic and
 international management, operations, strategic planning, sales, finance, and
 marketing experience.  Mr. Bland has worked with a variety of high tech and
 manufacturing companies, including 22 years with Owens Corning Fiberglas.
 During his tenure at Owens Corning, Bland held various senior management
 positions, including president of Africa/Latin America operations and
 president of Asia Pacific operations.  As president of Africa/Latin American
 operations, Bland managed total sales volume of $85 million and developed and
 implemented a successful growth strategy that resulted in a 100 percent
 increase in sales of a major product line during two consecutive years.  In
 Asia Pacific, Bland established new joint ventures in China, Thailand and
 India, successfully turned around a previously unprofitable joint venture in
 Korea, and doubled annual sales within the region over a two-year period.
     "Our selection of Charles Bland is the result of an exhaustive search and
 a review of dozens of qualified candidates," said Pappas.  "We are confident
 that he will be an outstanding fit for Vari-L and our long-term strategic
 direction.  Charles has tremendous credentials and an excellent track record
 for managing and growing businesses and the Board believes he is the ideal
 person to lead Vari-L into the future."
     Immediately prior to joining Vari-L, Bland was president of GrowZone,
 Inc., a software company focused on the horticulture industry.  Bland revamped
 GrowZone's business plan and implemented cost controls that resulted in an
 80 percent reduction in operating expenses.  Prior assignments include
 president of AmericasDoctor.com, an Internet health care content site where
 Bland reduced monthly operating expenses by more than 30 percent; and chief
 operating officer with Quark Incorporated, a worldwide leader in shrink wrap
 and client server software for the publishing industry.  Quark achieved record
 financial results during the two years Bland was with the company.
     Bland is a graduate of Ohio State University where he earned a B.S. in
 Accounting and Finance.  He received his MBA from the Sloan School at
 Massachusetts Institute of Technology.  He is the former chairman of the
 finance committee of the Bowling Green State University Foundation.
     During his nine-month tenure as interim CEO, Pappas, and his team of
 turnarounds specialists from BBK, Ltd., directed the Company's return to pro
 forma profitability, negotiated a forbearance agreement with the Company's
 lender, managed relationships with Vari-L customers and suppliers, and hired
 several key manufacturing, sales and marketing personnel.  Pappas will
 continue with Vari-L as a consultant through the transition process.
     "We appreciate Pete's efforts on behalf of Vari-L," said Board member
 David Lisowski.  "Pete effectively managed the Company through many
 challenging issues and we wish him and BBK, Ltd. the best of luck in their
 future engagements."
 
     Headquartered in Denver, Vari-L designs, manufactures and markets wireless
 communications components that generate or process radio frequency (RF) and
 microwave frequency signals.  Vari-L's patented products are used in
 commercial infrastructure equipment (including cellular/paging/PCS base
 stations and repeaters, fixed terminal point to point/multi-point data radios
 including LMDS/MMDS), consumer subscriber products (advanced
 cellular/PCS/satellite handsets, web-enabled smart phones, 2-way pagers,
 wireless PDAs, home networking), and military/aerospace platforms (satellite
 communications/telemetry, missile guidance, electronic warfare, electronic
 countermeasures, battlefield communications).  Vari-L serves a diverse
 customer base of the world's leading technology companies, including Adaptive
 Broadband, Agere, Agilent Technologies, Digital Microwave, Ericsson, Glenayre
 Technologies (Wireless Access), Boeing Satellite Systems, Harris, Lockheed
 Martin, Lucent Technologies, Microwave Data Systems, Mitsubishi, Motorola,
 NEC, NeoPoint, Netro, Nokia, Novatel Wireless, Raytheon, and Siemens.
 
     Some of the statements contained in this news release are forward-looking
 statements.  The accuracy of these statements cannot be guaranteed as they are
 subject to a variety of risks, including but not limited to general economic
 conditions in the United States and the overseas markets served by the
 Company, the success of the products into which the Company's products are
 integrated, governmental action relating to wireless communications, licensing
 and regulation, the accuracy of the Company's internal projections as to the
 demand for certain types of technological innovation, competitive products and
 pricing, the success of new product development efforts, the timely release
 for production and the delivery of products under existing contracts, and the
 outcome of pending and threatened litigation and regulatory actions as well as
 other factors.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X63883572
 
 SOURCE  Vari-L Company, Inc.