Accuimage Appoints new CEO: Leon Kaufman, Ph.D.Business Editors SOUTH SAN FRANCISCO South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , Calif.--(BUSINESS WIRE)--Feb. 6, 2001 AccuImage Diagnostics Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BB - AIDP AIDP Acute Inflammatory Demyelinating Polyneuropathy AIDP Aerospace Industrial Development Program (Taiwan) AIDP Automated Individual Development Plan ) announced today that it has been appointed Leon Kaufman, PhD. as Chief Executive Officer. Leon Kaufman received BS in Engineering Physics and Ph.D. in Physics degrees from the University of California, Berkeley The University of California, Berkeley is a public research university located in Berkeley, California, United States. Commonly referred to as UC Berkeley, Berkeley and Cal , and is Professor Emeritus of Physics, University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , where he spent 24 years in the Radiology Department and in the Nuclear Medicine Section. In this field he developed a number of advanced counting and imaging devices incorporating gas-filled wire chambers and room temperature and cryogenic semiconductor detectors. However, Dr. Kaufman is most known for his pioneering work in the development of Magnetic Resonance Imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. that became a revolutionary advance in medical imaging and healthcare. He initiated the UCSF UCSF University of California at San Francisco MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. program in 1975, a program that was supported successively by Pfizer, Diasonics and Toshiba, as well as the national Institutes of Health. Under his direction three key ground-breaking products were developed. In 1983, the mid-field MT/S became the first commercially successful MRI scanner. This system was the first whole body superconducting MRI system to receive FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval, and the first to use the new enabling inventions of multi-slice and spin echo imaging. In 1988, Dr. Kaufman's group introduced the Access which launched the important new field of Open MRI. This system was the first ultra-low field, open MRI scanner and led to a number of new applications for MRI technology. In 1996 Dr. Kaufman's group introduced the OPART, the first mid-field, superconducting, cryogenless, open MRI; a product that has defined the future standards for open MRI. After leaving UCSF in 1994, Dr. Kaufman spent six years at Toshiba Medical Systems as Chief Scientist and Vice President of Engineering. He has over 400 publications and holds 37 MRI, medical detector and image processing patents with 9 others filed. Douglas Boyd, PhD. Chairman of the Board states "The fiscal year ended September 30, 2000 was a period of dramatic growth for AccuImage, with the company's revenues growing almost 200% based in large part on our innovative CT products including those supporting AccuImage's largest customer, Imatron Inc.(NasdaqNM:IMAT iMAT Isolated Mode Antenna Technology (Skycross) IMAT Intensity-Modulated Arc Therapy IMAT Interactive Multimedia Arts and Technologies Association IMAT Interactive Multisensor Analysis Training ). Under Dr. Kaufman's leadership, we can plan for continued growth, development of EBT EBT See: Earnings Before Taxes applications and expansion into new market sectors including the development of innovative and proprietatry MRI-specific applications. Further, Dr. Kaufman's expertise in team-building and general management of rapid growth, high technology business will be key to providing a solid base necessary to launch the companies aggressive plans for the future. AccuImage is engaged in the development, marketing and support of software for the 3D visualization, analysis and management of medical imaging data, and the application of the Internet and Wide-Area-Networking technology to the digital distribution and archiving of medical images, a rapidly developing alternative to conventional film-based techniques. For additional information please visit the AccuImage website at www.accuimage.com. Except for the historical information contained herein, the matters discussed in this news release may contain forward-looking statements that are based on current expectations and estimates about the industries in which AccuImage, Imatron and other medical imaging equipment manufacturers operate, the estimated impact of certain technological advances, the estimated impact of published research studies on imaging equipment sales and procedures, as well as management's beliefs and assumptions. It is important to note that these companies' actual results could differ materially from those projected in such forward-looking statements. The factors that could cause actual results to differ materially include, among others: failed clinical demonstration of certain asserted technological advantages and diagnostic capabilities; reliance on product distributors; competition in the diagnostic imaging market; failure to improve product reliability or introduce new product models and enhancements; delays in production and difficulty in obtaining components and sub-assemblies from limited sources of supply; inability to meet cash-on-delivery or prepayment terms from vendors; determinations by regulatory and administrative government authorities; patent expiration and denial of patent applications; cost and reimbursement constraints in the medical marketplace; and the risk factors listed from time to time in the Company's Securities and Exchange Commission reports. |
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