Holdings, Inc. (OTCBB: APNT) today announced that Thomas F. Bijou has resigned
as Chief Executive Officer, Chairman of the Board, and a member of the Board
of Directors of the Company for personal reasons, effective immediately. Mr.
Bijou will remain available for the next three months to assist with transition
Dr. Robert Ronstadt, a member of the Board of Directors since January 2003,
was elected Chairman of the Board of Directors. Dr. Ronstadt is founder of Consilience
Learning, a company that currently develops and distributes software that promotes
visual learning for the K-12, special needs, and higher education markets. He
was formerly CEO and Chairman of Lord Publishing, a producer of financial applications
software. Most recently, he was Vice President of Technology Commercialization
at Boston University. Prior to that he served for five years as Director of
IC2 Institute at the University of Texas at Austin, where he held the J. Marion
West Chair for Constructive Capitalism.
Douglas P. Baker, the Company's Chief Financial Officer, was appointed Chief
Executive Officer of the Company. Mr. Baker has been with the Company since
1996, when he was appointed CFO. During his tenure as CFO, he has been involved
in virtually all aspects of the Company, including business negotiations, capital
raising, strategy development, day to day operating activities, and numerous
"We are grateful to Tom for his outstanding service to the Company,"
said Dr. Robert Ronstadt, Chairman of the Board. "Tom's efforts have enabled
us to position the Company for future growth on a profitable basis. Everyone
on the Board wishes Tom the very best in his future endeavors."
'I am honored that the Board has chosen me to help guide the Company to profitability,"
said Douglas P. Baker. "I am excited by the significant opportunities in
front of us and look forward to achieving our strategic goals in the coming
months. We have more opportunities, covering a broader range of areas, than
I can ever recall in my thirteen years with the Company."
Applied Nanotech Holdings, Inc. is a premier research and commercialization
organization focused on solving problems at the molecular level. Its team of
PhD level scientists and engineers work with companies and other organizations
to solve technical impasses and create innovations that will create a competitive
advantage. It also possesses investments related to electronic digitized sign
technology. Applied Nanotech has over 250 patents or patents pending and its
business model is to license its technology to partners that will manufacture
and distribute products using the technology.