PHOENIX, Nov. 17, 2000 (PRIMEZONE) -- Frontier Adjusters of America, Inc. (AMEX:FAJ), a nationwide franchiser and licensor of claims adjusters, announced today that Troy M. Huth, a director, President and CEO of the Company, has resigned as an officer of the Company to pursue other interests. John M. Davies, the Company's Chairman, will assume the role of President and CEO.
Mr. Davies stated, "Frontier has enjoyed working with Troy during the last two and a half years. Troy's efforts have been an integral component of Frontier's reduction in expenses and growth in net income during his tenure. We wish him well in his future endeavors."
Frontier Adjusters of America, Inc. licenses and franchises independent claims adjusters throughout North America, with 690 advertised locations in 50 states, the District of Columbia and Canada. The Company also owns and operates independent insurance adjusting businesses in Arizona and Nevada.
From time to time, Frontier makes forward-looking statements in its public disclosures. This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Important risks and uncertainties that could cause the Company's results to differ materially from those contained in such forward-looking statements are contained in the Company's filings with the Securities and Exchange Commission, including Frontier's Annual Report on Form 10-K for the year ended June 30, 2000.