ChemTrak names new chief financial officer.SUNNYVALE, Calif.--(BW HealthWire)--April 16, 1997--ChemTrak 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 :CMTR CMTR Certified Material Test Report CMTR Combined Marginal Tax Rate ), a full-service personal medical diagnostics company, Wednesday announced the appointment of Donald V. Fluken as vice president, finance and chief financial officer. "We are really pleased to have someone of Mr. Fluken's experience and caliber join the management team at ChemTrak," said Edward F. Covell, president and chief executive officer. Prior to joining ChemTrak, Fluken was vice president and CFO See Chief Financial Officer. of Andros Inc., a leading manufacturer of gas analyzers used for medical and environmental applications, where he was instrumental in leading a leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. . Fluken also served as vice president and CFO of BioGenex Laboratories, a manufacturer of diagnostic products. He also held senior financial management positions at Varian Associates, Levi Strauss and Bell and Howell. ChemTrak develops and manufactures reliable and easy-to-use medical testing systems which are designed to screen and diagnose health conditions with accuracy comparable to physician's office or laboratory instrumented tests. -0- Note to Editors: Except for the historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties -- as well as other risks detailed from time to time in the company's SEC reports, including the report on Form 10k for the year ended Dec. 31, 1996 and Form 10Q for the Quarters ended June 30, 1996 and Sept. 30, 1996. Actual results might differ materially from these statements due to risks and uncertainties, including determinations by the 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. , the impact of competitive product and pricing, the timely development and acceptance of new products and medical market conditions. CONTACT: ChemTrak Inc., Sunnyvale Edward F. Covell, 408/773-8156 or Freeman/McCue Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most 714/557-3663 |
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