TurboChef Technologies, Inc. (Nasdaq: trbo) announced Friday (29 June) that it has received the resignation of its President & Chief Executive Officer, Richard N. Caron. TurboChef’s Chairman, Jeffrey B. Bogatin, will become interim CEO effective immediately.
“Rick has made significant contributions by advancing the Company’s technology into a reliable, manufacturable product that meets the needs of the marketplace. His energy and efforts have put the Company into a position where we can focus on marketing and sales,” according to Mr. Bogatin.
About TurboChef Technologies, Inc.
TurboChef is a leader in kitchen technology. Its proprietary rapid-cook platform cooks faster than a microwave and produces results superior to a conventional oven. Its existing commercial technology cooks food seven to eight times faster than a conventional oven, needs no ventilation, reduces labor costs, increases menu flexibility and reduces equipment costs as well. The Next Generation residential technology makes it possible to cook a complete dinner to restaurant quality standards that would ordinarily take 70 minutes in a conventional oven in as little as 10 minutes.
The owner of nine patents, and fifty patents pending, including patents regarding cooking technology and Internet business processes; TurboChef is focused on creating shareholder value by enhancing the restaurateur’s bottom line and the consumers’ quality of life.
More information about the company and its products can be found at www.turbochef.com.
Safe Harbor Statement under Private Securities Litigation Reform Act of 1995 for TurboChef Technologies, Inc.: Certain statements contained in this Press Release constitute “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to the Company’s limited operating history, uncertainty of market acceptance and demand, likelihood of establishing additional alliances, probability of success of an Internet strategy, raising the necessary capital to fund an Internet based strategy, impact of competitive products and pricing, and other risks detailed in the company’s filings with the Securities and Exchange Commission. The words “looking forward,” “believe,” “expect,” “likely” and similar expressions identify forward looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only for the date the statement was made. TurboChef Technologies, Inc. undertakes no obligation to update any forward-looking statements contained in this news release.