Complete Wellness Centers, Inc. Names Eric S. Kaplan, Chief Operating Officer and President of Newly Established Complete Wellness Medical Centers Subsidiary.WASHINGTON--(BUSINESS WIRE)--Nov. 11, 1997--Complete Wellness Centers, Inc., a multi-disciplinary physician practice management company, announced today that Eric S. Kaplan, D.C., age 45, has been named 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. of the Company. In addition, Dr. Kaplan has been named President of Complete Wellness Medical Centers, Inc., now a wholly-owned subsidiary of the Company which has 76 medically integrated centers and approximately the same number under contract for a total of 135 in 21 states. E. Eugene Sharer, who had been Chief Operating Officer, remains President, Chief Financial Officer, Treasurer and a Director of Complete Wellness Centers. Dr. Kaplan, who is also a Director of Complete Wellness Centers, had been Senior Director of Operations since joining the Company in August 1996. Previously, he was with Clinicorp, Inc. serving as President of two subsidiaries, Clinicare Wellness Centers and Medical Diagnostic Imaging of America. A graduate of the New York Chiropractic College New York Chiropractic College or NYCC is one of 17 Chiropractic Colleges in the United States. The school was founded in New York City as Columbia Institute of Chiropractic by Dr. Frank Dean in 1919. , Dr. Kaplan has owned and operated chiropractic chiropractic (kīrəprăk`tĭk) [Gr.,=doing by hand], medical practice based on the theory that all disease results from a disruption of the functions of the nerves. practices for 18 years. He has served on many industry councils and has been an officer of several chiropractic associations. Dr. Kaplan authored numerous articles, as well as the book "Dr. Kaplan's Lifestyles of the Fit and Famous - A Wellness Approach to Thinning and Winning." C. Thomas McMillen, Chairman 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 Complete Wellness Centers, stated "The accelerated expansion of our business, both internal and through acquisitions, necessitates the establishment of a separate medical center subsidiary. By virtue of his track record and profound understanding of the challenges facing, and opportunities available to, chiropractors today, Eric is the most experienced and qualified executive within our organization and perhaps industry-wide, to spearhead our multi-disciplinary medical center strategy through the conversion of existing chiropractic practices. Gene Sharer, our President, will now be able to devote more time to the various financial, accounting, systems, and management issues facing a rapidly growing public company such as ours." Complete Wellness Centers develops multi-disciplinary medical clinics that offer, at one location, traditional healthcare providers, such as physicians and physical therapists, and alternative healthcare providers such as chiropractors, acupuncturists and massage massage (məsäzh`), treatment of superficial parts of the body by systematic rubbing, stroking, kneading, or slapping. Massages can be administered manually or with mechanical devices. therapists. Complete Wellness Centers, Inc. currently manages or has contracts to manage 135 centers in 21 states. Its stock and warrants trade on the 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 Small Cap market under the symbols, CMWL and CMWLW respectively. This 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. regarding the plans or objectives of the company for future operations, including the development of multi-disciplinary medical centers. The forward-looking statements included herein are based on current expectations that involve some uncertainties. Actual results may differ materially from those projected in such forward-looking statements. CONTACT: Complete Wellness Centers, Inc. C. Thomas McMillen, Chairman and CEO or Victoria Harris, Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. (202) 543-6800 or The Equity Group Inc. Investor Relations Investor relations The process by which the corporation communicates with its investors. Counsel: Linda Latman, (212) 836-9609 |
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