BriteSmile, Inc. Names William T. McCarthy Chief Financial Officer.LESTER, PA--(BUSINESS WIRE)--August 24, 1998--BriteSmile, Inc. (AMEX AMEX See: American Stock Exchange : BWT BWT Burrows Wheeler Transform (compression technology) BWT Boundary Waters Treaty (United States and Canada) BWT Basic Warrior Training BWT Bronchial Wall Thickness BWT Big White Truck ), a leading provider of tooth whitening tooth whitening Dentistry Any process is intended to whiten yellowed or stained teeth Complications Improperly applied, whiteners have been associated with tooth disintegration. See Cosmetic dentistry. and other therapeutic medical and dental procedures, today announced that William T. McCarthy, 46, has been named Chief Financial Officer of the Company effective immediately. Mr. McCarthy was previously Chief Financial Officer at Balanced Care Corporation (BCC (Blind Carbon Copy) The field in an e-mail header that names additional recipients for the message. It is similar to carbon copy (cc), but the names do not appear in the recipient's message. Not all e-mail systems support the bcc feature. See fcc. ) (AMEX: BAL (1) (Basic Assembly Language) The assembly language for the IBM 370/3000/4000 mainframe series. (2) (Branch And Link) An instruction used to transfer control to another part of the program. BAL - Basic Assembly Language ), a leading provider of senior care services which completed its initial public offering in February 1998. Mr. McCarthy joined BCC when it was a start-up company start-up company A new business. . He established all financial systems and built the finance team which handles all accounting, budgetary, financial modeling and treasury functions. During his tenure as CFO See Chief Financial Officer. at BCC, the company completed and financed the acquisition and integration of more than 40 senior care facilities and the construction of more than 20 assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facilities. Prior to his work at BCC, he was Chief Accounting Officer of Concord Health Group, Inc. (CHG CHG Change CHG Charge CHG Changed CHG Chlorhexidine Gluconate (aka chloraprep) CHG Centre Hospitalier Général (French: general hospital) CHG Come Holy Ghost (Catholicism) ), a publicly traded long-term care provider, where he handled CHG's accounting, SEC matters, acquisition due diligence and integration, information systems and tax planning. "With more than 20 years of business and financial experience, Bill will be a valuable member of our management team," said Richard V. Trefz, BriteSmile's President and Chief Executive Officer. "I look forward to working together as we restore the Company's financial strength and focus on providing our shareholders with long-term growth opportunities." "I am pleased to be joining a company with innovative products, strong market potential and exciting prospects for growth," said McCarthy. Prior to CHG, Mr. McCarthy spent 17 years at Coopers & Lybrand L.L.P., where he was a Partner. In addition, he is a member of the American and Pennsylvania Institutes of Certified Public Accountants. He holds a B.A. degree from Boston College and an M.B.A. in Finance from Drexel University. About BriteSmile BriteSmile, Inc. develops, manufacturers, sells and leases light-activated and laser-based dental and medical devices used for both cosmetic and therapeutic purposes and, where applicable, the chemical agents used in connection with these devices. The Company is committed to providing tooth whitening and other therapeutic medical and dental procedures through leading-edge technology. BriteSmile was formerly known as Ion Laser Technology, Inc. This release, other than historical information, consists of forward-looking statements that involve risks and uncertainties such as the development and introduction of new products and the acceptance of those new products in the marketplace. Readers are referred to the documents filed by BriteSmile with the Securities and Exchange Commission, specifically the Company's current and past reports on forms 10-QSB and 10-KSB, that identify important risk factors which could cause actual results to differ materially from those contained in the forward-looking statements. BriteSmile and its subsidiaries disclaim any intent or obligation to update these forward-looking statements.
CONTACT: Investors:
BriteSmile Shareholder Relations
610-362-1111
or
Media:
Heather Reeves/Tracy Williams
Sard Verbinnen & Co.
212-687-8080
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