Cora Tellez Joins the Board of Directors for FractionAir, Inc.NASHVILLE, Tenn. -- FractionAir, Inc. an emerging leader in the fractional aircraft ownership industry, today announced that Cora Tellez, Co-Founder, President and Chief Executive Officer of Sterling HSA HSA Health Savings Account (US) HSA Human Serum Albumin HSA Human Services Agency (Nevada) HSA Health Services Agency HSA Health and Safety Authority (Ireland) , an independent, privately-held company, specializing in administering HSAs, or health savings accounts, joined the company as a Member of the Board of Directors. "The Board elected Cora at the Board of Directors meeting on January 12, 2006," said William P. Danielczyk, Chairman of The Board of Directors of FractionAir, Inc. "With the addition of Cora we have another seasoned and experienced individual with public board service to add to our list of outstanding Board Members." Ms. Tellez has over 25 years of executive experience in the managed care industry. She 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 Health Net of California from 1998 to 2002, and was responsible for health plan operations in California, Oregon, Arizona, Connecticut, New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Pennsylvania, serving more than 3.6 million members with revenues of $8 billion. Prior to Health Net, Ms. Tellez also held the position of President and Chair at Prudential Health Care Plan of California, overseeing the health plan operations serving 800,000 members. She also served as Senior Vice President and Regional CEO with Blue Shield of California Blue Shield of California is a not-for-profit health insurance provider headquartered in San Francisco, California. An independent licensee of the Blue Cross and Blue Shield Association, Blue Shield of California is an incorporated, wholly owned subsidiary of California Physicians' . "It is a privilege to serve on the Board of FractionAir," said Ms. Tellez. "This is an excellent company with tremendous opportunities to grow. The caliber of the management team is first rate and I am impressed with the determination of our Board to grow the Company." Ms. Tellez serves on the Board of First Consulting Group, a company providing IT outsourcing services to healthcare related businesses, where she chairs the Nominating and Governance Committee. She also serves on several nonprofit boards, including Mills College and the Cowell Foundation. Ms. Tellez is the past chair of the Asian Pacific Fund, a nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. that raises funds to help the needy
FractionAir, Inc. became a public reporting company by merger with Teda Travel, Inc., as announced on August 22, 2005. For more information please visit our website, www.fractionair.com. About FractionAir, Inc. Founded in June 2002 and headquartered in Nashville, FractionAir delivers a safer, smarter and simpler solution to its customers through its Fairshares(TM) program, a next-generation approach to fractional jet ownership. Recognized for providing outstanding value to clients, FractionAir has one of the highest customer retention rates in the industry. With owners primarily in the Southeast and Mid-Atlantic regions, the company plans to expand to other regions across the U.S. For more information, call 877-545-1515 or visit www.fractionair.com. |
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