October 3, 2002
Garmin® Names New Manager of Investor Relations
CAYMAN ISLANDS / October 2, 2002 / PR Newswire — Garmin
Ltd. (Nasdaq: GRMN) is pleased to announce the appointment of
Paulette M. Schwerdt as Manager of Investor Relations, effective
Sept. 16, 2002. Ms. Schwerdt will report to Kevin Rauckman, chief
financial officer and treasurer of Garmin Ltd., and will be responsible
for Garmin's overall investor relations program and other
financial duties for the company. She replaces John Mills, who
is no longer with the company.
Prior to joining Garmin, Schwerdt was a research analyst/vice
president for Kornitzer Capital Management in Shawnee Mission,
Kan. She also worked for over 20 years at the Security Benefit
Group of Companies in Topeka, Kan., in various management and
professional positions. Paulette earned her B.B.A. in finance
and management and her M.B.A. from Washburn University in Topeka.
"Paulette’s strength in research and her overall
financial expertise will provide Garmin with the proper mix of
skills needed to serve the investor relations function,"
said Rauckman. "We consider investor relations to be an important
function and are pleased that Paulette has joined our team."
Through its operating subsidiaries, Garmin Ltd. designs and
manufactures navigation, communication and information devices.
The company’s primary markets are aviation, marine, outdoor
recreation, automotive, wireless and OEM. Garmin Ltd. is incorporated
in the Cayman Islands, and its principal subsidiaries are located
in the United States, Taiwan and the United Kingdom. For more
information, visit the Investor Relations site of Garmin Ltd.
at www.garmin.com or contact the Investor Relations department
Through its operating subsidiaries, Garmin Ltd. designs, manufactures,
and markets navigation, communications and information devices,
most of which are enabled by GPS technology. Garmin is a leader
in the general aviation and consumer markets and its products
serve aviation, marine, general recreation, automotive, wireless
and OEM applications. Garmin Ltd. is incorporated in the Cayman
Islands, and its principal subsidiaries are located in the United
States, Taiwan and United Kingdom. For more information, visit
the Investor Relations site of Garmin Ltd. at www.garmin.com or
contact the Investor Relations department at 913-397-8200.
Notice on forward-looking statements:
This release includes projections and other forward-looking statements
regarding Garmin Ltd. and its business. Any statements regarding
the company’s future financial position, revenues, earnings,
product introductions, plans and objectives are forward-looking
statements. The forward-looking events and circumstances discussed
in this release may not occur and actual results could differ
materially as a result of risk factors affecting Garmin. Information
concerning risk factors that could affect Garmin's actual
results is contained in the Annual Report on Form 10-K for the
year ended December 29, 2001 filed by Garmin with the Securities
and Exchange Commission (Commission file number 0-31983). A copy
of Garmin’s 2001 Form 10-K can be downloaded from http://www.garmin.com/aboutGarmin/invRelations/finReports.html.