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ComSonics, Inc. Named 2010 ESOP Company of the Year by The ESOP Association

by The ESOP Association | May 12, 2010

May 12, 2010 (Washington, DC) – ComSonics, Inc., an employee-owned company headquartered in Harrisonburg, Virginia, has been selected by The ESOP Association as the 2010 ESOP Company of the Year.  The award was presented at the Association’s 33rd Annual Conference in Washington, DC.  The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership.

ComSonics, Inc. has been building solutions for the cable television industry for over 40 years.  The company and employee owners like to say that --- Making you successful is ComSonics’s goal and Mission.  ComSonics formed the company’s ESOP in 1975 and became a 100% ESOP in 1985.

In 2010, ComSonics will celebrate its 35th year as an ESOP company.  The company is a strong supporter of employee ownership and its employee owners are very much involved with the Association and the Mid-Atlantic Chapter, regularly attending and presenting at national and Chapter conferences.  They are active in government relations activities and have built strong relationships with their members of Congress through visits and company focused events.  The company’s Employee Advisory Committee reaches out to new employees and matches each with a mentor and also provides materials on the ESOP, as well as, holding educational sessions for new participants.  ComSonics likes to say that their employee owners ‘walk the walk’ of employee ownership.  They give back to the community and continue to promote the message of employee ownership.

“ComSonics is an example of the value and potential that employee ownership can bring to a company,” said J. Michael Keeling, president of The ESOP Association.  “The employee owners strive to make their company stronger each day.  They work to communicate the ESOP concept to the employee owners and also the ESOP community at large.  I am proud to present the employee owners of ComSonics with this award.”

The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy.

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