AMBI Elects New Board Member.PURCHASE, N.Y.--(BW Health Wire)--May 19, 1999-- AMBI AMBI Associação Médica Brasileira Iridologia Inc. (Nasdaq:AMBI) announced that Sander A. Flaum, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Robert A. Becker, Inc. Euro RSCG Euro RSCG is an advertising agency network with global operations headquartered in New York. It is the main advertising agency network of the French communications group Havas, and is ranked 5th largest network according to Advertising Age Magazine, with over 233 offices in 75 , a well-known healthcare marketing and advertising agency, has been elected to AMBI's Board of Directors. AMBI's Board consists of seven members, including the Chief Executive Officer and six outside directors. Fredric D. Price, AMBI's President and Chief Executive Officer said, "Sander Flaum has an extraordinary track record of success both in the pharmaceutical industry and in the healthcare agency business. His expertise in strategic healthcare marketing, sales, and public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most will be invaluable to AMBI, at a time of the Company's rapid growth from both acquisitions and internal development." Mr. Price went on to say, "During the last two years, AMBI has become a profitable, fast-growing nutrition products company with commercial initiatives in a variety of distribution channels. This growth has necessitated attracting the appropriate mix of managers and consultants with relevant business expertise and now also a Board member whose experience base can help us focus on generating the highest rate of return on investment from our proprietary products." Mr. Flaum said, "AMBI has a unique strategy of bringing the so-called "tool kit" used in the pharmaceutical industry --- developing proprietary products, demonstrating that they are safe and effective, and bringing them to the attention of healthcare professionals and consumers --- to the nutrition products business. I believe that this new business paradigm has significant potential and I am excited about being able to draw on my experience to help in the commercialization of the Company's unique products." Mr. Flaum has been CEO of Robert A. Becker for 10 years, previously having served in increasingly responsible management positions at Lederle Laboratories. Robert A. Becker is one of the fastest growing healthcare advertising agencies, well known for its creativity in meeting clients' needs. Mr. Flaum is also a member of the Board of Directors of Neopharm Corporation. AMBI noted that the other outside members of the Board include: Robert E. Flynn, Chairman of AMBI's Board of Directors and previously Chairman of the Board and Chief Executive Officer of The NutraSweet Company; P. George Benson George Benson (b. March 22 1943, Pittsburgh) is an American musician, whose recording career began at the age of 21 as a jazz guitarist. He is however, better known to the public at large as a Pop/R&B singer, famous for such hits as "Give Me The Night", "Lady Love Me (One More , PhD, Dean, Terry College of Business and Simon S. Selig, Jr. Chair for Economic Growth, University of Georgia Organization The President of the University of Georgia (as of 2007, Michael F. Adams) is the head administrator and is appointed and overseen by the Georgia Board of Regents. ; Audrey T. Cross, PhD, Associate Clinical Professor, School of Public Health, Columbia University Columbia University, mainly in New York City; founded 1754 as King's College by grant of King George II; first college in New York City, fifth oldest in the United States; one of the eight Ivy League institutions. ; Marvin Moser, MD, Clinical Professor of Medicine, Yale University School of Medicine; and Robert E. Pollack, PhD, Professor of Biological Sciences and former Dean of Columbia College, Columbia University. Dr. Pollack also serves as Chairman of AMBI's Science Advisory Board, which includes academic scientists with backgrounds in Internal Medicine, Gastroenterology gastroenterology Medical specialty dealing with digestion and the digestive system. In the 17th century Jan Baptista van Helmont conducted the first scientific studies in the field; William Beaumont published his own observations in 1833. , Infectious Disease Infectious disease A pathological condition spread among biological species. Infectious diseases, although varied in their effects, are always associated with viruses, bacteria, fungi, protozoa, multicellular parasites and aberrant proteins known as prions. , Microbiology and Molecular Biology molecular biology, scientific study of the molecular basis of life processes, including cellular respiration, excretion, and reproduction. The term molecular biology was coined in 1938 by Warren Weaver, then director of the natural sciences program at the Rockefeller . AMBI develops and markets proprietary nutrition products. The statements in this press release that are not historical facts are forward-looking statements based upon current expectations. Such forward-looking statements involve risks and uncertainties, including risks and uncertainties set forth in "Risk Factors" and elsewhere in AMBI's Registration Statement on Form S-3 and the Prospectus dated January 13, 1999 and AMBI's Form 10-K/A for the year ended June 30, 1998. Actual results and timing of certain events could differ materially from those indicated in the forward-looking statements as a result of these and other factors. |
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