Bill Mathew, the former Vice President of Viasys Healthcare, Joins Recom Managed Systems.Business Editors/Health/Medical Writers LOS ANGELES--(BUSINESS WIRE)--Aug. 28, 2003 Earlier today, Recom Managed Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RECM RECM Recommend RECM Real Estate Capital Management LLC (Santa Monica, CA) ) announced that Bill Mathew, a former Vice President, Product Assurance Operations and Government Affairs of Viasys Healthcare, Critical Care Division, will be joining Recom Managed Systems as a consultant for regulatory affairs Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. Regulatory Affairs professionals usually have responsibility for the following general areas: Mr. Mathew, a senior device executive, brings to Recom a successful track record and an in-depth understanding of the medical device industry possessing extensive FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. experience with an emphasis on product development and approvals, quality assurance, engineering and manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. management. Mr. Mathew held various executive positions with Viasys Healthcare, Xylum Corporation and W.R Grace's National Medical Care Division where he was responsible for international manufacturing, product development, engineering, logistics, quality assurance and regulatory affairs for a wide range of medical device technologies. Recom is in the process of preparing an FDA 510(k) pre-market submission package for its first product and Mr. Matthew will lead this effort. Mr. Mathew has indicated that he will be pursuing an aggressive timeline to obtain an approval. Dr. Budimir S Budimir may refer to several things: People
ECG abbr. 1. electrocardiogram 2. electrocardiograph ECG Also called an electrocardiogram, it records the electrical activity of the heart. data in every ambulatory setting outside the hospital." On his decision to join the Company as a consultant, Mr. Mathew said: "Recom's approach to long term recording of ambulatory ECG has a potential to significantly improve on the prediction and classification of cardiovascular diseases Cardiovascular disease Disease that affects the heart and blood vessels. Mentioned in: Lipoproteins Test cardiovascular disease ." In view of the milestones recently achieved and announced by Recom, the appointment of Mr. Mathew is important in the finalization process of the product specification effort of its initial prototype. Recom will have to proceed with governmental approvals to be able to actually launch any products into the medical marketplace. The reader is urged to be mindful of the below-referenced cautionary statements. About Recom Managed Systems, Inc. Recom Managed Systems, Inc., a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. , is an emerging life sciences company. In September, 2002, Recom completed a technology acquisition for purposes of attempting to develop and then commercialize heart monitoring devices. Notwithstanding this transaction, Recom intends for the foreseeable future to remain a development-stage company with negligible cash or other tangible assets Tangible Asset An asset that has a physical form such as machinery, buildings and land. Notes: This is the opposite of an intangible asset such as a patent or trademark. Whether an asset is tangible or intangible isn't inherently good or bad. , no currently outstanding debt and no immediate prospects of revenue. Recom will require substantial additional money to fund further development and continue with attempts to commercialize the technology into products and services. Recom cannot provide assurances that any of these endeavors will be successful. Caution Regarding 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 in this release that are not strictly historical are "forward-looking" statements. Forward-looking statements involve known and unknown risks, which may cause Recom's actual results in the future to differ materially from expected results. Factors which could cause or contribute to such differences include, but are not limited to failure to complete the development and introduction of new products or services, failure to obtain federal or state regulatory approvals governing medical devices, monitoring and other related services or products, inability to obtain physician, patient or insurance acceptance of Recom's products or services, adverse equity market conditions and declines in the value of Recom's common stock, and the unavailability of financing to complete management's plans and objectives. These risks are qualified in their entirety by cautionary language and risk factors set forth and to be further described in Recom's filings with the Securities and Exchange Commission. |
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