Bonal International, Inc. Renews Employment Agreement with President A. George Hebel
17 May 2008 - 6:07AM
PR Newswire (US)
ROYAL OAK, Mich., May 16 /PRNewswire-FirstCall/ -- Bonal
International, Inc.'s (OTC:BONL) Board of Directors today announced
that it has signed a two-year employment agreement with A. George
Hebel, its president. The contract is effective April 1, 2008 and
is renewable year to year. The contract includes a paid five year
non-compete and consulting agreement after retirement. In November
2007, Bonal announced that it was terminating the original
agreement since it was negotiated in 1985 and many of its terms are
no longer applicable or in the best interest of Bonal. The
agreement was terminated in accordance with its terms and there
were no material early termination penalties incurred by Bonal
International, Inc. Bonal International Inc. through its wholly
owned subsidiary, Bonal Technologies, Inc., is the world's leading
provider of sub-harmonic technology for metal improvement solutions
with more than 35 years of expertise. Bonal's patented technology
and its three product lines: Meta-Lax(R) Stress Relief, Pulse
Puddle Arc Welding(R) (PPAW(R)) and Black Magic(R) for distortion
control, are sold in the US and in more than 49 countries.
Headquartered in Royal Oak, Mich., Bonal provides a variety of
services including consulting, training, program design and metal
stress relief services for customers in the aerospace, armament,
die casting, engine building, machine tool, mining, petroleum,
plastic molding, racing, automotive, shipbuilding and welding
industries. More information on Bonal can be found at
http://www.bonal.com/. DATASOURCE: Bonal International, Inc.
CONTACT: Janine M. Krasicky of J9 Media Solutions LLC,
+1-248-542-3991, or +1-248-514-4558 (mobile), for Bonal
International, Inc. Web site: http://www.bonal.com/
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