Advanced NMR Systems Inc. and WM Voorheis in understanding whereby Voorheis will not continue as president & CEO.WILMINGTON, Mass.--(BUSINESS WIRE)--Advanced NMR NMR: see magnetic resonance. Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANMR) today announced that it has reached an understanding with William Voorheis whereby Voorheis will not continue as president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of ANMR or its majority-owned subsidiary Advanced Mammography Systems Inc. (NASDAQ:MAMO). The company said it is involved in discussions to establish a consulting agreement between Voorheis and the company. Voorheis currently continues as a director of both ANMR and MAMO. Jack Nelson, 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 ANMR, has been appointed to serve as acting president of both companies. Advanced NMR Systems Inc. is a leader in the development and manufacture of sophisticated ultra-fast 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. technology for clinical applications and advanced research. The company is developing other dedicated systems for emergency room head trauma, functional neuro-imaging and orthopedic applications. CONTACT: Advanced NMR Systems Inc. Charles Moche, 201/592-8838 or H.L. Lanzet Inc. Herbert L. Lanzet, Paul Holm or Gerald Ortsman, 212/687-0061 |
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