Creative Medical Development, Inc., Announces New Chairman.PORTLAND, Ore.--(BUSINESS WIRE)--Nov. 16, 1998--Creative Medical Development, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CMDI, CMDIW) ("CMD CMD cerebromacular degeneration. "), announced today that William E. Cook has been appointed to the board of directors and designated chairman. Cook, the President of Riptide Holdings, Inc., a management consulting firm focussing on turnaround companies, has been serving as a consultant to the company's board of directors to evaluate the company's management, business strategy and financial structure and as the interim chief executive officer. His prior experience includes positions as founding chief executive officer of Signal Technology Corp., chairman and chief executive officer of DDL Electronics, and as a director of a number of private technology companies. Edward S. Smith who has been serving as chairman since the beginning of the restructuring process will continue as a director. He has been a director of OMNI OMNI Omnidirectional OMNI Organising Medical Networked Information OMNI Opportunities for Micronutrient Interventions Project OMNI Operating Missions as a Node on the Internet (NASA networking project) Products, Inc. ("OMNI") since 1994 and of CMD since the merger of OMNI and CMD April 30, 1997. He is president/owner of Ted Smith & Company and the former 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 Omark Industries, Inc., an international manufacturer of cutting chain for chain saws, hydraulic log loaders and sporting ammunition. Smith is also a director of Georgia Gulf Corp. and Expert Systems Publishing Company. OMNI Products, Inc., the company's 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. , is a leading supplier of a full line of premium virgin rubber and concrete/rubber 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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