Creative Medical Development, Inc., Announces Management Change At OMNI Products, Inc.PORTLAND, Ore.--(BW HealthWire)--Oct. 29, 1998--OMNI Products Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CREATIVE MEDICAL DEVELOPMENT, INC. (OTC BULLETIN BOARD OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CMDI, CMDIW) named Robert E. Tuzik President and 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. . Tuzik, formerly Vice President of Marketing and Sales, will continue his Marketing duties and assume responsibility for Operations, Engineering and Quality. Tuzik is a 25-year veteran of the railway industry. Prior to joining OMNI as Director of Sales and Marketing in June 1996, Tuzik operated Talus talus (tā`ləs), deposit of rock fragments detached from cliffs or mountain slopes by weathering and piled up at their bases. A talus is a common geologic feature in regions of high cliffs. Associates, a consulting company specializing in railway marketing and media relations. He is the former Editor of Railway Track and Structures and Engineering Editor of Railway Age, the industry's foremost trade publications. Prior to his work in publishing, sales and marketing he held a variety of positions in the Operating Department of the former Santa Fe Railway. "We are pleased to have an individual with Bob's experience and abilities assume a greater role in the overall operations of the company," said William E. Cook, OMNI's interim 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. . "By this appointment we are sending a strong message that we expect Bob to lead the Company's expansion in sales that is required to build shareholder value and forge the path to a more successful growth strategy for OMNI." OMNI Products, Inc., the Company's wholly owned subsidiary, is a leading supplier of a full line of premium virgin rubber and concrete highway-rail grade crossing surfaces. OMNI supplies crossing surfaces to all major North American railroads, numerous short line and regional railroads, independent railway contractors, transit systems, ports, intermodal yards, manufacturing facilities with rail access, and municipalities. The Company's Common Stock and Warrants are traded over the counter on the Electronic Bulletin Board of NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). under the symbols CMDI and CMDIW, respectively. |
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