AcuNetx Announces Change in Management Lineup.TORRANCE, Calif. -- AcuNetx Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ANTX) today announced that it had accepted the resignation of Ronald A. Waldorf, President 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 the company. In a letter to the company's Board, Mr. Waldorf stated that "It is with a heavy heart that I tender my resignation, but my family needs me and I cannot, in all good conscience, ignore those nearest me. Nevertheless, I can be counted on to provide on-going guidance and counsel as a Board Member." Mr. Waldorf's position will be filled on an interim basis by Mr. Robert S. Corrigan, Chairman of AcuNetx's Board and a seasoned executive with more than twenty-five years of experience in corporate finance and business development. On behalf of the Board of Directors, Mr. Corrigan thanked Mr. Waldorf for his efforts and wished the very best to him and his family. Commenting on his new assignment, Mr. Corrigan stated, "I am enthusiastic and optimistic facing the challenge of building this company and am intent on growing sales, shoring up Noun 1. shoring up - the act of propping up with shores propping up, shoring supporting, support - the act of bearing the weight of or strengthening; "he leaned against the wall for support" the balance sheet and strengthening our ties with the financial community." About AcuNetx, Inc.: AcuNetx markets a diverse line of diagnostic, analytical and therapeutic tools for the medical community (audiologists, neurologists, otolaryngologists and physical therapists as well as hospitals, clinics, and extended care facilities) and law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). and is one of the U.S.'s leading suppliers of VNG VNG Vereniging Van Nederlandse Gemeenten VNG Verbundnetz Gas Ag (Eastern German gas distributor) VNG Videonystagmography VNG Very Nice Game VNG Very Naughty Girl VNG Verdict Not Guilty systems and Balance Assessment/Rehabilitation equipment. AcuNetx is headquartered in Torrance, CA. For more information please visit www.acunetx.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements: This news release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representations to be accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risks and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission. |
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