Christopher Herron joins Health Systems Design board of directors.OAKLAND, Calif.--(BUSINESS WIRE)--April 15, 1997--Health Systems Design Corporation (Nasdaq: HSDC HSDC High Speed Digital Chart HSDC High-Speed Data Card HSDC High Speed Daughter Card ) today announced that Christopher Herron has been appointed to the Company's Board of Directors. Christopher Herron, 47, has served as president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of four software companies, including Convoy Corporation, Synon Corporation, Fusion Products and Inquiry Response, Inc. These companies specialized in client-server implementation, software engineering tools, end-user reporting and manufacturing applications. Herron is currently an independent consultant. He received his B.S. from Purdue University Purdue University (pərdy  `, -d`), main campus at West Lafayette, Ind. in Computer Sciences in 1970 and his M.B.A. from the University of Chicago in 1972. "Having spent 25 years as a key player in the creation and expansion of the applications software industry, Chris Herron has an expertise and background that will make him a valuable addition to the Board," said Health Systems Design Corporation's Chairman and CEO Richard C. Auger auger (ô`gər): see drill. auger Tool (or bit) used with a carpenter's brace for drilling holes, usually in wood. It looks like a corkscrew and produces extremely clean holes, almost regardless of how large the bit is. . "His perspective will enhance the vision and direction of HSD HSD Human Services Department HSD High Speed Data HSD Hillsboro School District (Hillsboro, OR) HSD Hybrid Synergy Drive (Toyota/Lexus) HSD High School Diploma HSD Historical Society of Delaware as we continue to build our leadership position in managed care information systems." Said Herron: "I am very impressed by the people and products of HSD. I look forward to helping them further the company's success in the marketplace." Health Systems Design Corporation, headquartered in Oakland, California “Oakland” redirects here. For other uses, see Oakland (disambiguation). Oakland (IPA: /ˈoʊklənd/), founded in 1852, is the eighth-largest city in the U.S. , is a leading provider of core managed care information systems to payors and providers of healthcare services. HSD's Diamond systems enable companies to manage financial risk and operate their businesses in the complex administrative environment of managed care. The company was founded in 1988. -0- Health Systems Design Corporation "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under 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: The statements contained in this release which are not historical facts are forward-looking and are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Risks and uncertainties include the Company's dependence upon a single product line; market acceptance, implementation and support of Diamond 950C/S See client/server. (formerly Diamond Client/Server); variability of operating results; length of sales cycles; product development and enhancement; dependence of the Company's results of operations on its relationship with Shared Medical Systems; the Company's ability to effectively manage its growth; the company's dependence on key personnel and its ability to attract and retain qualified personnel; intense competition; the Company's dependence on the managed care industry; the Company's proprietary rights; the Company's recent losses, including accumulated deficit and stockholders' deficit; risks of acquisitions; product liability; and possible volatility of the Company's stock price; and other risks described in the Company's Securities and Exchange Commission filings. Please refer to the Company's 10K filing with the Securities and Exchange Commission for a detailed discussion of the above risk factors. CONTACT: Health Systems Design Corp. Lori Wallace, 510/763-2629 or Sard Verbinnen & Co. Judy Brennan, 212/687-8080 |
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