Arcadia Resources, Inc. Enhances Executive Management Team by Adding New Members.SOUTHFIELD, Mich. -- Arcadia Resources, Inc.(AMEX AMEX See: American Stock Exchange : KAD KAD Kentucky Association of the Deaf KAD Kids Against Drugs KAD Kansas Association of the Deaf KAD Kansas Army Depot KAD Keighley and District ), an innovator in consumer healthcare services, announced today that its Board of Directors has approved the following additions to the Company's executive management team: * Alan Lotvin, M.D., 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 Arcadia's retail-based health clinic division, CareClinic, Inc., was named Chief Medical Officer of Arcadia Resources, Inc. Dr. Lotvin remains CEO of CareClinic, Inc., effective March 1, 2007. * Marvin Richardson, R.Ph., President and CEO of PrairieStone Pharmacy LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , continues as PrairieStone CEO, with added responsibilities as 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 Arcadia Resources, Inc., effective March 1, 2007. PrairieStone was acquired by Arcadia on February 16, 2007. * Anna Marie Nekoranec, who stepped down from Arcadia's Board of Directors, was named Strategic Advisor to the Company and will be responsible for strategic financing and other business matters. In addition, John Brady, co-founder of PrairieStone, becomes President of PrairieStone. Larry Kuhnert will continue as a member of the Company's Board of Directors. Arcadia Chairman and CEO John Elliott John Elliott may be:
Mr. Elliott said, "These actions enhance our operations by bringing experienced professionals with proven track records in consumer health care into our executive management team. We look for their day-to-day leadership as we continue to expand our operations nationally and implement our new consumer-driven business strategy to help people obtain healthcare that is more convenient and affordable." Dr. Lotvin is a cardiologist by training and practice. He holds a graduate degree from Columbia University Columbia University, mainly in New York City; founded 1754 as King's College by grant of King George II; first college in New York City, fifth oldest in the United States; one of the eight Ivy League institutions. in Medical Informatics medical informatics, n the field of information science concerned with the analysis and dissemination of medical data through the application of computers to various aspects of health care and medicine. . Prior to joining Care Clinic, Inc., he was President and Chief Operating Officer of M|C Communications, a leading medical education provider with global operations. Prior to that Dr. Lotvin was President of Specialty Pharmacy Services for Medco Health Solutions Medco Health Solutions, Inc. (NYSE: MHS) is a leading pharmacy benefit manager (PBM) company based in Franklin Lakes, New Jersey. The current chairman is David Snow. The company formed in August 2003 as a spinoff from Merck & Co.. , where he held several senior management positions over eight years. Mr. Richardson's extensive background includes serving as senior vice president of pharmacy operations for Rite Aid Corporation, a 3,600-store retail pharmacy chain; president and CEO of Low Cost Health Care, Inc., which he founded in 1989 and sold separately to Revco and NCS (Network Call Signaling) CableLabs version of MGCP. See MGCP/MEGACO. NCS - Network Computing System: Apollo's RPC system used by DEC and Hewlett-Packard.The protocol has been adopted by OSF. HealthCare; and field operations manager with the Walgreen Company, a leading retail drug chain. Mr. Richardson is a pharmacist by training and holds a bachelor in science degree in pharmacy from Purdue University. He has served on various boards and committees of pharmacy organizations, including NACDS NACDS National Association of Chain Drug Stores , and speaks nationally on pharmacy technology and automation. Ms. Nekoranec has extensive experience in private equity and venture capital, including LBK LBK Lubbock (Texas) LBK Linearbandkeramik (European Archaeological Culture) LBK Landing Barge, Kitchen (US Navy) LBK Lutherske Bekjennelseskirke LBK Location-Based Key Capital, where she has been a managing director since 2003. Prior to founding LBK, Ms. Nekoranec was a Managing Director at Investor Growth Capital, a $1.8 billion venture capital firm focused on later stage technology and healthcare companies in the U.S. and Europe and a Director at the Safeguard International Fund, a $400 million international buyout fund. Mr. Brady has extensive marketing and operations experience in all aspects of pharmacy. Prior to co-founding PrairieStone, he was an Area Manager in Specialty Sales with Novartis Pharmaceuticals. Prior to that, Mr. Brady served as Vice President of Sales and was a member of the Senior Management for NCS Healthcare. In addition, he held positions with Cardinal Health and Edelman Worldwide. About Arcadia Resources Arcadia Resources, Inc. is a national provider of home care services and products, including respiratory and durable medical equipment Durable medical equipment is a term of art used to describe certain Medicare benefits, that is, whether Medicare may pay for the item. The item is defined by Title XVIII the Social Security Act: Any statements contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21A of the Securities Exchange Act of 1934, as amended, if applicable to the Company, and otherwise within the meaning of court opinions construing such forward-looking statements. The Company claims all 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. and other legal protections provided to it by law for all of its forward-looking statements. Forward-looking statements involve known and unknown risks, estimates, uncertainties and other factors, which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements not to occur or be realized, including our estimates of consumer demand for retail store health clinic services, required capital investment, build-out schedules, competition, and other factors. Actual results may differ materially from those anticipated or implied in the forward-looking statements, which speak only as of the date hereof. Additional information that could materially affect the Company may be found in the Company's filings with the Securities and Exchange Commission. The Company disclaims any obligation to update or alter its forward-looking statements, except as may be required by law. NOTE TO EDITORS: There is a pipe symbol used in the fourth graph. This symbol may not appear properly in some systems. |
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