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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) January 8, 1997
TELECOMM INDUSTRIES CORPORATION
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(Exact name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-4410 06-0844558
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(Commission File Number) (I.R.S. Employer Identification No.)
9310 Progress Parkway, Mentor, Ohio 44060
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(Address of Principal Executive Office) (Zip Code)
(216)953-7335
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
The attached press release, relating to the appointment of a new Chairman
of the Board and Chief Executive Officer of Telecomm Industries Corporation on
January 8, 1997, is hereby incorporated by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99.1 -- Press Release dated January 8, 1997
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TELECOMM INDUSTRIES CORPORATION
(Registrant)
Date: January 8, 1997 By: /s/ James M. Lowery
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(Signature)
James M. Lowery
Chairman and Chief Executive Officer
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Exhibit Index
Exhibit 99.1 -- Press Release dated January 8, 1997
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FOR IMMEDIATE RELEASE EXHIBIT 99.1
TELECOMM INDUSTRIES
APPOINTS NEW CHIEF EXECUTIVE OFFICER
Mentor, OH - January 8, 1997 - Telecomm Industries Corporation (OTC Bulletin
Board; TCMM) announced today that James M. Lowery, a Director and Vice
President of Telecomm, will become its Chairman and Chief Executive Officer
effective immediately. Michael J. Toth, the former Chairman of the Board, will
concentrate on mergers and acquisitions, while Andrew G. Gorogiani, the former
president, will devote his efforts to marketing. Both will remain as
directors.
"These steps will enable Telecomm to continue its rapid growth, and I am
pleased that Jim Lowery has agreed to accept his new responsibilities", stated
Mike Toth. "Jim has over 20 years of experience in the telecommunications
business and is particularly well-suited to run Telecomm's business as it
expands. I am pleased that I will be able to devote my full time to pursuing
mergers and acquisitions, such as Telecomm's recent acquisition of Northeastern
Communication Systems, Inc."
Jim Lowry has 22 years of experience in the telecommunications industry.
Jim joined Ameritech in 1976 in its marketing department and held management
positions in sales and marketing in both the business and inter-exchange
carrier markets. During his career at Ameritech, Jim was responsible for
tariff filings, market coverage plans, product development and providing FCC
testimony. Jim left Ameritech in 1992 after implementing its third party
distributing channel program to found Seraphim Information Systems where he
served as President. In 1996, Seraphim was merged into a Telecomm company.
Jim has a degree in accounting from the University of Illinois.
"I am excited to have the opportunity to move Telecomm to its next level,"
stated Jim Lowery. "The five-state area covered by Telecomm and the
opportunities in long-distance present Telecomm with numerous expansion
opportunities. I am grateful for the support and encouragement of Mike Toth
and Andy Gorogiani as we take the Company to the next stage."
"I am pleased to be able to devote my full time and attention to marketing
and product development, areas of which I have spent a great amount of my
professional life," added Andrew G. Gorogiani. "Under Jim Lowery's leadership,
I expect that Telecomm will continue its development, and Jim's background with
larger companies will enable our development to proceed."
Telecomm Industries Corporation is Ameritech's (NYSE: AIT) largest voice
and data distributor, selling voice, data, cellular, video and telephone
information solutions in Illinois, Ohio, Indiana, Michigan and Wisconsin. In
addition to Ameritech communications services, the Company also represents
numerous voice and data telecommunications manufacturers and service suppliers
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including LCI Long Distance, Northern Telecom, Toshiba, Ascend, Cisco Systems
and Amdahl.
To receive a 2-page Corporate Profile via fax and/or a complete
due-diligence package via Priority Mail, please call Misha Mohr or Deana
Hamilton at Fifth Avenue Communications, toll-free at (800) 992-6616.
