Gentner to Become ClearOne Communications

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Gentner to Become ClearOne Communications

Nov 16, 2001 12:00 PM

alt Lake City - Nov 15, 2001 - Shareholders of Gentner Communications Corporation approved the board of directors' recommendation to change the company's name to ClearOne Communications Inc. at Gentner's annual shareholders' meeting on November 14.

The name change will take effect Jan. 1, 2002, at which time the company will begin trading under the symbol "CLRO" on the Nasdaq stock market. Gentner's conferencing products will continue to be branded under the Gentner name.

The ClearOne name was chosen to more effectively communicate the company's focus on conferencing. It was also noted that the new name is more marketable to its target audiences and better reflects the company's new image and growth objectives.

A significant difference in the company is its increased emphasis on conferencing services, a division that experienced revenue growth of 98 percent in the most recent fiscal year.