Arizona Instrument Corp. Names George G. Hays President and CEO

Business Wire, Nov 17, 1997

PHOENIX--(BUSINESS WIRE)--Nov. 17, 1997--Arizona Instrument Corp. (NASDAQ:AZIC) announced today that its board of directors named George G. Hays, 42, as the company's president, CEO and a member of the board of directors, effective immediately.

Hays indicated that he looked forward to meeting the challenges of returning the company to profitability and increasing shareholder value.

Hays joined the company in March 1997 as its CFO. Hays has a broad range of experience in the management and financing of high-technology companies. He started his career as an investment banker to high-technology companies and has served as a vice president of two publicly traded technology companies. Most recently, Hays worked as a high-technology investment banker and turnaround manager.

Hays received his bachelor of science degree in mechanical engineering and a master of science degree in management from the Massachusetts Institute of Technology.

Hays replaces John P. Hudnall, the outgoing president, who departed the company pursuant to a three-year employment agreement which was effective June 3, 1996.

Arizona Instrument Corp., an ISO 9001 registered company, designs, manufactures and markets precision instruments used in quality control, industrial control and environmental-monitoring applications.

CONTACT: Arizona Instrument Corp.

George G. Hays, 602/470-1414