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BONL Bonal International Inc (PK)

0.66
0.00 (0.00%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bonal International Inc (PK) USOTC:BONL OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.66 0.66 0.66 0.00 01:00:00

Bonal International, Inc. Renews Employment Agreement with President A. George Hebel

16/05/2008 9:07pm

PR Newswire (US)


Bonal (PK) (USOTC:BONL)
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From Jul 2019 to Jul 2024

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ROYAL OAK, Mich., May 16 /PRNewswire-FirstCall/ -- Bonal International, Inc.'s (OTC:BONL) Board of Directors today announced that it has signed a two-year employment agreement with A. George Hebel, its president. The contract is effective April 1, 2008 and is renewable year to year. The contract includes a paid five year non-compete and consulting agreement after retirement. In November 2007, Bonal announced that it was terminating the original agreement since it was negotiated in 1985 and many of its terms are no longer applicable or in the best interest of Bonal. The agreement was terminated in accordance with its terms and there were no material early termination penalties incurred by Bonal International, Inc. Bonal International Inc. through its wholly owned subsidiary, Bonal Technologies, Inc., is the world's leading provider of sub-harmonic technology for metal improvement solutions with more than 35 years of expertise. Bonal's patented technology and its three product lines: Meta-Lax(R) Stress Relief, Pulse Puddle Arc Welding(R) (PPAW(R)) and Black Magic(R) for distortion control, are sold in the US and in more than 49 countries. Headquartered in Royal Oak, Mich., Bonal provides a variety of services including consulting, training, program design and metal stress relief services for customers in the aerospace, armament, die casting, engine building, machine tool, mining, petroleum, plastic molding, racing, automotive, shipbuilding and welding industries. More information on Bonal can be found at http://www.bonal.com/. DATASOURCE: Bonal International, Inc. CONTACT: Janine M. Krasicky of J9 Media Solutions LLC, +1-248-542-3991, or +1-248-514-4558 (mobile), for Bonal International, Inc. Web site: http://www.bonal.com/

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