BRLI Names New Medical Director to Oversee GenPath Cancer Laboratory.Business Editors/High Tech & Health Writers ELMWOOD PARK Elmwood Park, village (1990 pop. 23,206), Cook co., NE Ill., a suburb of Chicago; inc. 1914. It is chiefly residential. , N.J.--(BUSINESS WIRE)--Sept. 7, 2000 Maria Pedemonte, MD, Will Lead Oncology Effort Bio-Reference Laboratories, Inc (Nasdaq Small Cap-"BRLI BRLI Bio Rad Laboratories Inc "), has named Bader Maria Pedemonte-Coira, MD, to be Medical Director of Bio-Reference Laboratories and to oversee GenPath, the Company's Cancer Laboratory. Dr. Pedemonte previously worked at Bio-Reference from 1996 to 1997 as Director of Immunohistochemistry. Her return as Medical Director signals a change in direction for Laboratory to emphasize specialized testing including oncology, immunology and genomic studies. As a pathologist who is Board Certified board certified, adj the status of a dental specialist such as an orthodontist who has become a board diplomate by successfully completing the certification program of the recognized certification board in that area of practice. in both Hematopathology and Immunopathology, Dr. Pedemonte adds new dimension to the technical and scientific expertise of one of the top independent clinical laboratories in the country. Dr. Pedemonte has previously worked at Impath, Inc and Quest Diagnostics Quest Diagnostics Incorporated (NYSE: DGX) is a United States corporation which provides clinical laboratory services . The company also has a business presence in England and Mexico. Quest Diagnostics is a member of the Fortune 500 and the S&P 500. (formerly Metpath Laboratories). In her previous stint at Bio-Reference, Dr. Pedemonte was Director for the GenCare division of Bio-Reference Laboratories where she oversaw the substantial growth of the laboratory's oncology business. In 1997, Bio-Reference sold that oncology business and Dr. Pedemonte followed the business unit to Impath. In a statement, Dr. Pedemonte observed: "I am extremely excited to be back at Bio-Reference and I am particularly glad to be re-united with most of my former staff and colleagues. As Medical Director, I believe that I can add significant value to the Company's business. I have been given the challenge to expand the medical direction of the Laboratory and to help continue the tremendous growth that the Laboratory has been experiencing of late. These are the challenges that I have been seeking. The scientist in me welcomes the opportunity to lead the Bio-Reference effort in becoming a fully developed, fully competent, full service clinical laboratory. The entrepreneur in me thrills at the challenge of being part of the explosive growth of the business." Marc Grodman, M.D., 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 BRLI, stated, "Maria Pedemonte combines her outstanding academic credentials with an insightful understanding of the clinical laboratory business. Her work and service ethic are rarely found in this business and we believe that her addition to the Senior Management team at Bio-Reference fortifies and defines our commitment to our clinical laboratory operations. The clinical lab business is no longer just a technical transaction business; it is truly a data information business. Most of our recent announcements have been about our CareEvolve division, our physician-centric eHealthcare connectivity portal solution. We believe, however, that naming Dr. Pedemonte Medical Director of the clinical laboratory should clearly indicate our continued focus on our core business and our desire to grow and expand the laboratory at the same time that we are diversifying the corporate strategy. Dr. Grodman continued, "We have stated that our purpose in introducing and developing CareEvolve is to enable physicians to provide `Better Healthcare through Better Communication'. Our purpose in re-directing and re-focusing our core laboratory business is to enable physicians to provide `Better Healthcare through Better Information'. Simply put, Bio-Reference is dedicated to providing Better Healthcare and the appointment of Dr. Pedemonte as Medical Director is another major step towards our achieving that goal." For additional information about BRLI, please visit www.bioreference.com, www.doctorny.com, www.drugscreenlab.com, www.drugabusekit.com, www.bioincubator.com, and www.rightbodyfoods.com. BRLI is a multi-faceted Health Services health services Managed care The benefits covered under a health contract and Information Company as well as the largest regional clinical laboratory in the North East United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . It has major market positions in physician offices, nursing homes and correctional institutions. Its toxicology toxicology, study of poisons, or toxins, from the standpoint of detection, isolation, identification, and determination of their effects on the human body. Toxicology may be considered the branch of pharmacology devoted to the study of the poisonous effects of drugs. division performs employee drug testing for major corporations nationwide, as well as for drug treatment centers and psychiatric hospitals psychiatric hospital n. A hospital for the care and treatment of patients affected with acute or chronic mental illness. Also called mental hospital. . CareEvolve.com, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of BRLI, is a Physician based health portal that seeks to enhance physician-patient and physician-payer electronic communications on a secured basis, including communicating laboratory results, e-mail, prescriptions, payer verification and eligibility, as well as offering other Internet based services to its physician members. These services will be provided through an Internet connectivity backbone. The Company's common stock is traded on the Nasdaq Small Cap system under the symbol "BRLI." Statements included in this release that are not historical in nature, are intended to be, and are hereby identified as "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. ". Statements looking forward in time are included in this Annual Report 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. Such statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to be materially different from any future performance suggested herein. |
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