ActFit Changes Name To Telum International Corp. and Welcomes Mr. Howard Weingrow to Board of Directors.Business Editors TORONTO--(BUSINESS WIRE)--Dec. 5, 2001 ActFit.com Inc of Toronto, Ontario today Ontario Today is a Canadian radio program. Hosted by Rita Celli from the studios of CBO in Ottawa, the program airs from noon to 2 p.m. on all CBC Radio One stations in the province of Ontario. announced that as voted on and passed at its Annual General Meeting held last Thursday, November 29, 2001, the company name has been changed to Telum International Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACTFF)(CDNX CDNX See Canadian Venture Exchange (CDNX). :YAC YAC yeast artificial chromosome. .U). Mr. Robert Clapperton, Telum C.E.O. stated, "Mr. Weingrow has been a long time shareholder and staunch supporter of our efforts. His contributions as a member of our advisory committee have been extremely helpful, in particular during the transition period of the past six months. To have Mr. Weingrow agree to sit on our Board of Directors is indeed a tremendous boost to our immediate and long-term endeavors. I look forward to utilizing his wealth of experience and expertise". Mr. Weingrow studied Business Administration at City College in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. before entering the United States Air Force United States Air Force (USAF) Major component of the U.S. military organization, with primary responsibility for air warfare, air defense, and military space research. It also provides air services in coordination with the other military branches. U.S. in 1942, where he flew 65 combat missions and earned the Distinguished Flying Cross, Air Medal and a Unit Citation. Following World War II he entered the business world and developed the Legion Fluorescent Fixture Company, which he sold in 1956 when he and his partner began extensive real estate activities. With his partner he organized Transcontinental Investing Corporation in 1961 where he served as Executive Vice President until 1968 when the company was listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , and then as President until its merger in 1972. He was President of Security Mortgage Investors, a publicly owned REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). . He has operated extensively in the health care business as one of the owners of the Four Winds Hospital from 1975 until their merger in 1990, and as a co-founder of Preferred Health Care, Ltd. (AMEX AMEX See: American Stock Exchange ), one of the largest and most successful companies managing psychiatric care in the United States, until it sale. He was Chairman and a director of Mercury Paging & Communications, Inc from 1995 until its sale in 1997. Mr. Weingrow has had a broad range of activities in the real estate, finance and entertainment business. His real estate interests have included ownership of a number of major office and apartment buildings in many parts of the United States. His finance activities have included interests in a large savings and loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. , and a Bank in Ohio from 1962 to 1970. His entertainment activities have included production and distribution of records and tapes; production of a number of motion pictures; and activities in the impresario business. Mr. Weingrow is co-founder and President of Medis Technologies Ltd (Nasdaq:MDTL MDTL Medis Technologies, Ltd (stock symbol) MDTL Montana Defense Trial Lawyers Association ). He was President of Wesak International Ltd, the parent company of Wesak Chrysler, a Russian company that was the distributor of Chrysler vehicles in Moscow, in partnership with the Intourtrans Company. Mr. Weingrow has been active on the United States political scene since 1966. From 1966 through 1968 Mr. Weingrow was a member of President Lyndon B. Johnson's Advisory Council for the Office of Economic Opportunity. In 1971 and 1972 he was treasurer of the Democratic National Committee and in 1976 and 1980 he was Deputy Finance Chairman of the Carter Finance Committee. In 1977 he was appointed Financial Consultant to the Government and to the Prime Minister of Granada. Mr. Weingrow was a trustee of Hofstra University and Chairman of the Major Gifts Committee of the Hofstra Law School Development Council. In 1972 he founded the Howard L. and Muriel Weingrow collection of Avant Garde Art and Literature at Hofstra University. In 1989 he established the Weingrow Family Pediatric Urology Research Laboratory at Long Island Jewish Hospital. He is a trustee of the North Shore-Long Island Jewish Health System, the Children's Medical Fund, the James Brady Presidential Foundation and the Nassau County Museum of Fine Art. Mr. Weingrow is listed in "Who's Who in America" To learn more about Actfit.com software and networks please visit www.actfit.com Forward-looking statements and comments in this press release are made pursuant to the safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the company to increase the level of sales, complete future web sites or complete future acquisitions are necessarily subject to risks and uncertainties, some of which are significant in scope and nature, including, but not limited to, the risks related to the demand for the company's products and/or services, competition, and availability of capital. The information herein has not been approved or disapproved by regulatory authorities. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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