SecurityWorldMarket

08/09/2010

Optelecom NKF Chief Financial Officer resigns

Germantown, Md (USA)

Optelecom-NKF, Inc. the manufacturer of security video surveillance solutions, has announced that Steve Tamburo, the Company's Executive Vice President, Chief Financial Officer and Corporate Secretary, will be leaving the Company to pursue another business opportunity. Mr. Tamburo will work with the Company during his resignation period to transition his responsibilities to a successor. The Company has commenced a search for a new Chief Financial Officer.
"Steve has accomplished a great deal in the years he has been with our company. He has served as a valuable business partner to me and is working with us to develop a transition plan for his role to support the company going forward," said Dave Patterson, the company's President and Chief Executive Officer. “I wish him all the best in his new role and thank him for all that he has done at Optelecom-NKF, Inc.”

"I truly appreciate the opportunity to have served as CFO," Tamburo said. “The decision to accept another position was difficult but it’s a unique situation where I will be able to return to the Financial Services industry. I am pleased with the progress at Optelecom-NKF as we restructured the business and reduced costs while showing improvement in revenue during the last quarter. I will continue to work with the company through the transition and I wish the team here all the best in the future."

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