Management Changes at Interlink

Interlink Electronics Inc. has made changes to its executive ranks that will bring an $800,000 savings to the company. Charles Best, the chief financial officer for the Camarillo-based provider of e-notarization products, has been named president and chief operating officer. He takes over day to day operations from Kevin Wiley, who remains chairman and chief executive. Reorganization of senior management will bring cost savings to the company, which finished the fourth quarter ending Dec. 31 with net income of $105,000, or $0.01 per diluted share, on revenues of $2.9 million. That is an improvement over the net loss of $802,000, or $0.06 per diluted share, on revenues of $2.8 million for the same period in 2008. For the full fiscal year, Interlink reported a net loss of $7.8 million, or $0.57 per diluted share, on revenues of $9.7 million. That widens the net loss of $3.3 million, or $0.24 per diluted share, on revenues of $13.3 million for the 2008 fiscal year. Mark R. Madler