QUIP Quipp (MM)

Quipp Elects William A. Dambrackas and Robert C. Strandberg to Board of Directors MIAMI, Oct. 12 /PRNewswire-FirstCall/ -- Quipp, Inc. (NASDAQ:QUIP) announced today that its Board of Directors has elected William A. Dambrackas and Robert C. Strandberg to serve on the Board of Directors. Mr. Dambrackas is Senior Vice President, Advanced Technology of Avocent Corporation, a provider of digital KVM (keyboard, video and mouse) switching systems, serial connectivity devices, extension, and wireless extension products and technologies for the computer industry. He was the Chairman, President and Chief Executive Officer of Equinox Systems Inc., a designer and marketer of server-based communications products, from March 1983, when he founded the company, until January 2001, when Equinox was acquired by Avocent. Mr. Dambrackas has been granted United States patents for three computer technology inventions, and is the inventor of Dambrackas Video Compression (DVC), a patent-pending remote server management technology. Mr. Strandberg is currently the Chief Executive Office of Xytrans, Inc., a supplier of high performance wireless radio components that are sold into the defense, VSAT and cellular/PCS infrastructure markets worldwide. From May 1997 until August 2000, he was President and Chief Executive Officer of PSC Inc., a provider of bar code scanners, related optical devices and mobile/wireless data collection devices. Mr. Strandberg was also Chairman and CEO of Datamax Inc., a provider of specialized, high performance printers and related systems, from April 1989, when he founded the company, until June 1996. Cristina H. Kepner, Chairman of the Board of Quipp, stated: "We are very fortunate to have Bill and Rob join the Board of Directors. Their extensive business and technology experience and leadership will be great assets to Quipp going forward." Michael S. Kady, President and Chief Executive Officer of Quipp, stated: "We are excited that Bill and Rob are joining Quipp's Board. I know they will make great contributions, and I look forward to working with them." Quipp, Inc., through its subsidiary, Quipp Systems, Inc., designs, manufactures, and installs material handling systems and equipment to facilitate the automated assembly, bundling and movement of newspapers from the printing press to the delivery truck. DATASOURCE: Quipp, Inc. CONTACT: Michael S. Kady, Quipp, Inc., +1-800-345-9680 Web site: http://www.quipp.com/

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