Omega Flex, Inc. Announces Organizational Changes

EXTON, Pa., Jan. 19, 2022 (GLOBE NEWSWIRE) — Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that by implementing best practices in our organizational development and Succession Management, she assessed the short and long term future needs for the success of our business at the higher levels of the organization. We are pleased to announce that the Board of Directors has approved the following organizational changes, effective immediately:

(a) Dean W. Rivest was appointed President of the Company, reporting directly to Mark F. Albino, who retained the position of Chief Operating Officer of the Company,

(b) Edwin B. Moran has been appointed Executive Vice President of Sales, including all industrial and commercial products, reporting to Mr. Rivest,

(c) Matthew F. Unger has been appointed Vice President – ​​Finance and Chief Financial Officer, reporting to Mr. Rivest.

Kevin R. Hoben, President and CEO of the company, said, “This segregation of duties at the highest level of management in the organization allows Omega Flex to focus on the most critical near-term needs. that currently challenge our business while positioning the company for continued success in achieving its long-term goals.

This press release contains forward-looking statements, which are subject to inherent uncertainties that are difficult to predict and may be beyond our control.

Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are not historical facts but instead reflect our current expectations regarding future results and events. The words “believes”, “expects”, “intends”, “plans”, “anticipates”, “hopes”, “likely”, “will” and similar expressions identify these forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company (including its subsidiaries and affiliates) or the results of the industry to differ materially. future results, performance or achievements. expressed or implied by these forward-looking statements.

Readers are cautioned not to place undue reliance on these forward-looking statements which reflect management’s views only as of the date of this press release. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, conditions or circumstances.

Aubrey L. Morgan