Allied Healthcare International Inc. Names Sarah L. Eames Chief Executive Officer.Business Editors/Health/Medical Writers NEW YORK--(BUSINESS WIRE)--Jan. 15, 2004 Allied Healthcare International Inc. (AMEX AMEX See: American Stock Exchange :ADH ADH: see antidiuretic hormone. ), a leading international provider of flexible healthcare staffing services, announced today that effective immediately Timothy M. Aitken will retire as chief executive officer while remaining chairman of the company. Ms. Sarah L. Eames, 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. , was promoted to the position. Mr. Aitken said: "It is seven years to the day since I first joined this company. At that time, the company was in a perilous financial state. Today, it leads its competitors and the results for the last year surely reflect that success. It is an appropriate moment to hand over the day-to-day leadership to an individual, who not only has the talent and experience to take this company forward, but with whom I have worked closely for the past 14 years." "Sarah Eames' knowledge and experience in the healthcare industry in unsurpassed," continued Mr. Aitken. "And I need hardly add that the recent extraordinary financial performance of Allied owes a great deal to the daily down-to-earth, block-and-tackle approach she takes to the business." Ms. Eames said, "I look forward to the challenges and opportunities the future holds and to knowing that the advice and support I have had in the past from Timothy Aitken will still be very much available." "On behalf of the Board of Directors, I extend thanks and appreciation for Tim Aitken's seven years of dedicated service to Allied Healthcare International Inc. Tim's vision led to a successful redirection Diverting data from their normal destination to another; for example, to a disk file instead of the printer, or to a server's disk instead of the local disk. See virtual directory, symbolic link, shortcut, redirector and DOS redirection. 1. of Allied to the healthcare staffing business, which was accomplished despite a turbulent business environment. Tim has left the role of chief executive officer with Allied well positioned for future growth," said Scott A. Shay shay n. Informal A chaise. [Back-formation from chaise (taken as pl. )] Noun 1. , director and representative of Hyperion Partners, the company's largest shareholder. Shay further stated: "The board applauds the promotion of Sarah Eames to chief executive officer. Sarah brings her deep knowledge of the healthcare business plus six years of experience with Allied having served as executive vice president, president and chief operating officer during her tenure with the company." New York-based Allied Healthcare International Inc. is a leading provider of flexible healthcare staffing services in the United Kingdom. Certain statements contained herein are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that have been made pursuant to the 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. 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. Forward-looking statements involve known and unknown risks and uncertainties, including those contained in the Company's filings with the Securities and Exchange Commission, which may cause actual results in future periods or plans for future periods to differ materially from those described herein as anticipated, believed or estimated. |
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