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SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
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[_] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12
Salient 3 Communications, Inc.
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(Name of Registrant as Specified In Its Charter)
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NEWS RE:
BULLETIN
From: SALIENT 3 COMMUNICATIONS, INC.
FRB PO Box 1498
Reading, PA 19603
(Nasdaq:NMS/STCIA)
The Financial Relations Board, Inc.
FOR FURTHER INFORMATION:
AT THE COMPANY A THE FINANCIAL RELATIONS BOARD
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Paul H. Snyder, For General Info: Paula Schwartz (212)661-8030
Sr. VP & CFO For Analyst Info: Jordan Darrow (212)661-8030
Mike Vermillion, VP For Media Info: Judith Sylk-Siegel (212)661-8030
(610) 856-5500
FOR IMMEDIATE RELEASE
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April 20, 1998
SALIENT 3 COMMUNICATIONS NOMINATES INDUSTRY
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EXPERTS TO BOARD OF DIRECTORS
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READING, PA -- APRIL 20, 1998 -- Salient 3 Communications, Inc.
(Nasdaq/NMS:STCIA) announced that it has nominated Dennis E. Foster, 57, for
election to its Board of Directors at its annual meeting of shareholders
scheduled for April 29, 1998. Mr. Foster has been President and Chief Executive
Officer of 360 degrees Communications Company, formerly Sprint Corporation's
cellular and wireless division, since January, 1996. 360 degrees Communications
recently announced that it had agreed to be acquired by Little Rock, Arkansas
based Alltel Communications. Mr. Foster is to become Vice Chairman of the
combined companies.
"We look forward to Dennis' joining our Board of Directors," said Tim Cobb,
Chairman of Salient 3 Communications. "His extensive experience and leadership
in telecommunications will add to the Board's depth of expertise in that
industry."
If elected at the shareholders meeting. Mr. Foster's term as a Director of the
Company will begin at the Company's October, 1998 Board Meeting and will expire
at the annual shareholders meeting to be held in 2001. Mr. Foster's commencement
of service on the Board will be deferred until October because of his
obligations in connection with the acquisition of 360 degrees Communications by
Alltel Communications. The Company's Board of Directors currently consists of
six members divided into three classes serving staggered three-year terms, and
will increase to seven members when Mr. Foster joins the Board.
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Salient 3 Communications
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Mr. Foster joined Sprint in 1992 as Senior Vice President of Operations for its
local telecommunications division and became President and Chief Operating
Officer of Sprint's cellular and wireless division in March, 1993.
Prior to joining Sprint, Mr. Foster held management positions in the areas of
marketing, regulatory and corporate strategic planning, as well as operational
assignments with AT&T and GTE. He currently serves as Chairman of the Board of
the Cellular Telephone Industry Association's Foundation for Wireless
Telecommunications. He also serves on the Board of Trustees of Rush-Presbyterian
St. Luke's Medical Center in Chicago and the University of Findlay in Ohio.
A complete discussion of the matters to be voted on at the meeting, including
the election of three Directors and certain other matters, is contained in the
Company's proxy statement filed with the Securities and Exchange Commission.
Reading, Pennsylvania-based Salient 3 Communications, Inc. is a leading
telecommunications equipment and services company with segments that support
public, private and wireless communications network operators. Salient 3's
website is at www.salient3.com.
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To receive Salient 3's latest news releases and other corporate documents via
FAX -- no charge -- please dial 1-800-PRO-INFO. Use Company's ticker, STCIA.
Statements made in this press release which are not historical, including
statements regarding earnings and shareholder value are forward looking
statements and as such are subject to a number of risks. Please see the
company's 1997 10K and other reports filed pursuant to the Securities Exchange
Act of 1934 for additional disclosure.
