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A.T. CROSS NAMES KEVIN F. MAHONEY CHIEF FINANCIAL
OFFICER
Lincoln, RI – February 2, 2005 – A.T. Cross Company (AMEX:
ATX) today announced that Kevin F. Mahoney has joined the Company as
Vice President, Finance and Chief Financial Officer. Mahoney will report to David
G. Whalen, President and Chief Executive Officer of A.T. Cross and will serve on
the Company’s senior management team.
In this position, Mr. Mahoney will be responsible for the finance, treasury, investor
relations and information technology divisions. In addition to these responsibilities,
Mr. Mahoney will also lead Cross’s acquisition efforts.
Dave Whalen, President and Chief Executive Officer of Cross, noted that “We are
very excited to have Kevin join Cross. The experience and solid financial expertise
he brings will be a real asset to the Company as we look to build Cross’s brand
equity and grow sales and profitability on a global basis.”
Previously, Mr. Mahoney was a partner at Deloitte & Touche, where he specialized
in serving high growth, acquisition oriented, and other companies in the midst of
significant transition. Most recently, Mr. Mahoney served as Director-Corporate
Development at Raytheon Company, where he was responsible for developing and executing
acquisitions and divestiture opportunities for Raytheon's various business units.
Mr. Mahoney is a graduate of Babson College.
About A.T. Cross Company
Building on the rich tradition of its award-winning writing instruments and reputation
for innovation and craftsmanship, A.T. Cross Company is a designer and marketer
of branded personal and business accessories. Cross provides a range of distinctive
products that appeal to a growing market of consumers seeking to enhance their image
and facilitate their lifestyle. A.T. Cross products, including award-winning quality
writing instruments, timepieces, business accessories and Costa Del Mar sunglasses,
are distributed in retail and corporate gift channels worldwide.
Statements contained in this release that are not historical facts are forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 (including statements relating to the anticipated
final report of annual revenue growth, the anticipated gross profit margins, and
other items to be reported in the Company’s results for 2004 ). In addition, words
such as "believes," "anticipates," "expects," and similar expressions are intended
to identify forward-looking statements. These forward-looking statements are subject
to risks and uncertainties, including but not limited to the uncertainty relating
to reporting unaudited financial results. Actual results could differ materially
from those expressed or implied in the forward-looking statements. The information
contained in this document is as of January 27, 2005. The Company assumes no obligation
to update any forward-looking statements contained in this document as a result
of new information or future events or developments. Additional discussion of factors
that could cause actual results to differ materially from management's expectations
is contained in the Company's filings under the Securities Exchange Act of 1934.
CONTACTS:
David G. Whalen
President and Chief Executive Officer
401-335-8212
Investor Relations:
Financial Dynamics
Cara O’Brien/Melissa Myron/Rachel Albert
212-850-5600
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