BioSafe announces management change.CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 27, 1996--BioSafe International Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BSFE BSFE Bureau of Surveillance and Field Epidemiology ) announced today Dr. Richard H. Rosen has resigned from the offices of chairman of the board of directors, president, chief executive officer, treasurer and a director of the company. The board of directors named Philip Strauss as chief executive officer, president and treasurer of the company. Strauss previously held the position of 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. . The company also named Jay Matulich as interim chairman of the board of directors. Matulich was an existing director of the company. The company has granted Rosen a 90-day option to purchase certain technology and related assets not used in the company's core landfill remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling business at a price determined by independent appraisal. The company retains the right to accept a competing offer deemed preferable by the company, subject to a right a first refusal by Rosen. BioSafe International Inc. is an innovative solid waste management company and a leader in "landfill remodeling," a process that BioSafe has developed for recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. existing landfills. CONTACT: BioSafe International Inc. Bob Rivkin, 617/497-4500 or Liviakis Financial Communciations Inc. Robert Prag, 916/448-6084 |
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