Colonial Commercial Corp. ("Colonial”) (OTCQB: "CCOM,” "CCOMP”), today
announced the appointment of Peter Gasiewicz as its President and Chief
Operating Officer.
Mr. Gasiewicz started with the Company on January 21, 2008 as its Vice
President of Sales where he focused his efforts on reorganization of the
sales group and re-defining the Company’s sales objectives. His
experience has aided the Company’s efforts in navigating through this
difficult time. He brings his extensive experience in the HVAC industry
to lead the company forward to maintain and improve the Company’s market
share and profitability. Previously, Mr. Gasiewicz was President of
Fedders North America, Senior Vice President of Fedders Corporation,
Vice President and General Manager of International Comfort
Products/Carrier Corporation (ICP), a division of United Technologies
Corporation, and has held various other positions in the HVAC industry.
He holds a Bachelor of Arts Degree in Economics from New Jersey’s Ramapo
College and has obtained a variety of technical certifications. Mr.
Gasiewicz is also a Vietnam ERA Veteran who served with the United
States Marine Corps.
William Pagano, Chief Executive Officer of Colonial, stated "We are
excited about this appointment and confident that Mr. Gasiewicz will be
a significant benefit to the Company as we work to achieve improved
growth and profitability.”
Commenting on his appointment, Mr. Gasiewicz said "I look forward to
serving the Company and the shareholders in my new role. The Company
remains well positioned to react to the challenges in our industry now
and in the future.”
About Colonial Commercial Corp.
Colonial distributes heating, ventilating and air conditioning,
("HVAC”), equipment, parts and accessories, climate control systems,
customized control panels, and plumbing and electrical supplies and
equipment to professional contractors in the states of New York, New
Jersey, Massachusetts, Connecticut and eastern Pennsylvania through its
subsidiaries; Universal Supply Group, Inc., www.usginc.com,
The RAL Supply Group, Inc., www.ralsupply.com,
American/Universal Supply Division, www.ausupplyinc.com,
and S&A Supply, Inc., www.sasupplyinc.com.
The Company also distributes home appliances to dealer groups and
appliance stores through its Goldman Universal division. The Company is
headquartered in New Jersey, and, with its affiliates, operates out of
19 locations in its geographic trading area. For more information on
Colonial’s operations, products and/or services, please visit www.colonialcomm.com.
Safe Harbor Statement
The foregoing press release may contain statements concerning Colonial
Commercial Corp.’s financial performance, markets and business
operations that may be considered "forward-looking" under applicable
securities laws. Colonial cautions readers of this press release that
actual results might differ materially from those projected in any
forward-looking statements. Factors which might cause actual results to
differ materially from any results that are projected in the
forward-looking statements include the following: continued acceptance
of the company's products in the marketplace, competitive factors,
dependence upon third-party vendors, and other risks detailed in the
company's periodic report filings with the Securities and Exchange
Commission. These and certain other factors which might cause actual
results to differ materially from those projected are detailed from time
to time in Colonial's periodic reports and registration statements filed
with the Securities and Exchange Commission. Colonial undertakes no
obligation to update forward looking statements to reflect changed
assumptions, the occurrence of unanticipated events, or changes in
future operating results, financial condition or business over time.
