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SP Industries Announces Appointment of SP Scientific Chief Financial Officer

August 9, 2010     Gardiner, NY

I am pleased to announce that, effective today, Mr. Jeffrey Hoffman has joined SP Scientific in the role of Chief Financial Officer (CFO). Jeff will report to me in this role.

Jeff has held several positions of increasing responsibility in accounting and finance roles. He brings a demonstrated history of leading a broad range of strategic and operational initiatives to improve profitability, working capital and revenue growth. Prior to joining SP Scientific, Jeff was working for Meikle Automation as CFO.

Jeff holds an MBA from Rochester Institute of Technology and a BBA in Accounting from St. Bonaventure University.

I am confident that his experiences and successes will be a positive addition to our growth initiatives. Please join me in welcoming Jeff to SP Scientific.

Bill Downs,
General Manager,
SP Scientific, a Division of SP Industries

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