Austin Medical Technologies, Inc., Announces Addition of Joe W. Smith, President of National Healthcare Logistics and Ex Head of Abco Medical Distributors to Its Board of Directors.PLANO, Texas Plano (IPA: /ˈpleɪnoʊ/) is a wealthy suburb of Dallas, Texas, located to the north, mainly within Collin County, but also extending into Denton County. According to the 2000 U.S. -- Austin Medical Technologies, Inc. (Pink Sheets:AMTK AMTK Amtrak ), announces the appointment of Mr. Joe W. Smith to the Board of Directors of Austin Medical. Joe W. Smith joins Austin Medical and brings valuable contacts and insight in the medical device and supply industry. Smith is currently 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 National Healthcare Logistics, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which developed a revolutionary logistics model for healthcare that provides a more efficient supply chain, and cost cutting solutions in both distribution and ancillary services. Today three centers are in operation using this logistics model moving hundreds of millions of dollars in surgical devices and supplies. Smith has a proven track record in reengineering the healthcare SUPPLY CHAIN, and directing the timely and critical movement of millions of surgical devices, and supplies necessary for daily hospital operations. Smith was formerly President and CEO of Abco Dealers, Inc. Abco Medical Distributors consists of 55 members and over 106 distribution centers with more than 1,100 sales representatives. The value of its members have combined sales over $1 billion. Joe Smith states, "Austin Medical is a dynamic growth company and I like their market strategy. Today National Healthcare Logistics does not have the ability to provide custom sterile packs to our customers and we plan on utilizing this vital niche product offering to our customers." Kurt Tarter, President & CEO, states, "We look forward to Mr. Smith providing his insight and knowledge within the industry to maintain our strong growth. Austin Medical will leverage his industry knowledge of product distribution and his ability to bring us a great deal of exposure. It is a real privilege to have Joe on our Board. Mr. Smith has demonstrated a proven track record in medical company growth and management. We will look to Mr. Smith for his industry connections guidance and potential partnering on future business." About Joe W. Smith Joe W. Smith, President, National Healthcare Logistics, has more than 30 years of experience as a leader and innovator in the healthcare supply industry. A native of Atlanta, he is the former president and CEO of Abco Dealers, Inc. Mr. Smith first entered the healthcare industry in 1972. To read more about Mr. Smith's background, please click at the following link: http://www.austinmedtech.com/docs/joe_smith_v1.pdf About Austin Medical Technologies, Inc. /eyeDirecti(TM) (Brand) Austin Medical Technologies delivers "DIRECT" from the manufacturer to the Surgeon, the only technology-based, "Single Source Supply Solution" for custom sterile surgery trays made up of 80% of all disposable surgical devices utilized in surgery. Currently the company has contracted with 200 eye surgery centers including the 2 largest eye surgery centers in the USA. The market for custom sterile surgery trays is a $2.1 Billion market here in the USA. Austin Medical is dedicated exclusively to the Ambulatory Surgery Center ambulatory surgery center A free-standing center that performs various types of surgery (ASC ASC Ambulatory surgery center, see there ) market. Ambulatory Surgery Centers (ASC), also called outpatient surgery Outpatient Surgery, also referred to as ambulatory surgery or same-day surgery, is surgery that does not require an overnight hospital stay. The term “outpatient” arises from the fact that surgery patients may go home do not need an overnight hospital , and same-day surgery same-day surgery Managed care Any operation which, in absence of complications may be provided at a hospital on an outPt basis. See ASC surgical services. , refers to surgical procedures which are complex enough to require a dedicated operating room operating room n. Abbr. OR A room equipped for performing surgical operations. and specially trained staff, but do not require an overnight stay. According to 1996 U.S. government statistics, ambulatory surgery centers account for 31 million or 44% of the total surgeries performed in the United States. Five million surgeries were performed on eyes. New surgical techniques such as laser surgery allow procedures to be done more quickly and/or with less surgical trauma. Under the brand name eyeDirecti, Austin Medical is initially focused on Ophthalmology owned and operated surgery centers which is the fastest growing segment of the ASC market, growing by 25% per annum Per annum Yearly. , consisting of 2,500 practices with 15,000 surgeons performing over 5 million surgical procedures annually at a supply cost of $400,000,000 per year. Austin Medical is positioned to capture $40,000,000 (10%) of this $400,000,000 market within the next 4 years. Visit our e-commerce site at www.eyedirecti.com Note: Any statements released by Austin Medical Technologies, Inc, or any of its affiliates that are forward-looking, are 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 . Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission. |
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