CEO gives away BMWs as bonus

NEW 1999 BMWs GIVEN AS BONUS BY CEO

WOODCLIFF LAKE, NJ, JUNE 17, 1999...Over 25 new BMWs were presented to ARCNET
employees in a ceremony held today in the company's parking lot by their CEO,
Al Galdi. The cars were delivered to all employees who have at least one year
of service for use as a company car. Each employee selected their choice of
sedan or coupe from the award winning 1999 3 Series model range. The company
will also pay insurance on all cars.
Galdi chose BMW not only for his love of BMW cars but "for their great design,
high quality engineering and technology, comfort, safety and most importantly,
their exceptional value." All the BMW's were purchased in December of 1998 at
Shrewsbury BMW in NJ and were delivered to the company's office in Holmdel, NJ
where employees and their families were present to receive their new cars.
Mr. Galdi announced his intentions to provide a BMW for all employees at the
company's Christmas party, where he expressed his "heartfelt gratitude to all
the employees who dedicated themselves to make ARCNET a success for the last 30
years."
This bonus will create an extra incentive for new employees who join the
company because they will be eligible to get a new BMW of their own after a
year of service. The 1999 3 Series sedans have not
only won Automobile Magazine's All Star Awards from the editors and readers,
but also received numerous awards including Car and Driver's 10 Best earlier
this year.
ARCNET, established in 1969, provides architectural, engineering and planning
services and oversees construction for the wireless, microwave, cable and
telecommunications industries. As an innovator in this niche industry, the
company developed and patened the original "Tree" cell tower site, among many
other unique designs that aesthetically blend antennas into surrounding
environment. In 1982, ARCNET was the first telecommunications company to break
away from commercial A&E projects and created the first wireless site on the
East Coast for the AMPS division of AT&T. To date, the company has completed
over 4,000 wireless projects.
BMW of North America, Inc. was established in 1975, when the company assumed
marketing and distribution responsibilities of BMW vehicles in the U.S. from a
private distributor. Since then, the company's North American operations have
grown to include marketing, sales and financial services organizations in the
United States and Canada; a South Carolina manufacturing operation; a design
firm in California; and various other operations throughout the U.S. and
Canada. BMW is represented in North America through a network of more than 375
automobile and 190 motorcycle retailers in the United States and Canada. BMW
(US) Holding Corp., the marque's North American headquarters, is located in
Woodcliff Lake, New Jersey.
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