Bruce Byots Joins MedCare Technologies as Director, Investor Relations.OAK BROOK, Ill.--(BUSINESS WIRE)--Sept. 20, 1999-- MedCare Technologies, 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 : MCAR MCAR Missing Completely At Random MCAR Military Construction, Army Reserve MCAR Marine Corps Air Station MCAR Machine Check Analysis and Recording MCAR Multiple Channel Aural Reception MCAR Multichannel Acoustic Relay MCAR Mobile Cosmetic Auto Repairs ) announced today that Bruce Byots has joined the company as Director, Investor Relations Investor relations The process by which the corporation communicates with its investors. . Byots will be responsible for developing, implementing and managing MedCare's overall investor and media relations program. Byots joins the company from Stone Container Corporation (now Smurfit-Stone Container Smurfit-Stone Container Corporation (NASDAQ: SSCC) is an American paperboard and paper-based packaging company based in Chicago, Illinois. It has approximately 38,600 employees. Smurfit-Stone was formed in 1998 as a result of the merger between Jefferson Smurfit Corp. Corporation), where he most recently served as Director of Investor Relations. He joined Stone in 1984 and was responsible for a variety of finance and treasury functions. He has fifteen-plus years of investor and financial relations experience and holds a B.S. in Finance from De Paul University. "We are very pleased to have Bruce join our team," said Jeff Aronin, President and Chief Executive Officer. "We have come a long way since conceptualizing and developing our MedCare Program, which is now regarded as the leading non-drug, non-surgical treatment program for millions of urinary incontinence Urinary Incontinence Definition Urinary incontinence is unintentional loss of urine that is sufficient enough in frequency and amount to cause physical and/or emotional distress in the person experiencing it. sufferers. "Therefore, we feel it is now the appropriate strategic point to add someone like Bruce to help us further develop our investor and media relations strategy." MedCare Technologies, Inc. is a healthcare technology service company that focuses on under-served high growth markets. Its core business, the MedCare Program, is the leading and most comprehensive conservative therapy for treating incontinence, a hidden health condition that, at approximately $26 billion, costs more than diabetes and bypass surgery Bypass surgery A surgical procedure that grafts blood vessels onto arteries to reroute the blood flow around blockages in the arteries (arteriosclerosis). combined. This news release contains 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. as defined by 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. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, changes in insurance reimbursement, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
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