Cybear Announces New President and Chief Operating Officer.Business Editors BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BW HealthWire)--March 14, 2000 Cybear, Inc. (Nasdaq:CYBA CYBA Charter Yacht Broker Association CYBA Conejo Youth Basketball Association (Conejo Valley, California) CYBA California Yacht Brokers Association CYBA Cybertron Army CYBA Columbia Yacht Brokers Association ), a leading e-healthcare connectivity, applications and portal provider information and communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry company, announced today that Timothy E. Nolan has agreed to join Cybear as 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. . Dr. Edward Goldman, Cybear's chief executive officer, will be relinquishing a portion of his responsibilities in favor of Mr. Nolan in order to devote full time to strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , key alliance building and the promotion of Cybear and its products and services. Cybear selected Mr. Nolan for his well-known track record of achieving results in the American healthcare complex. He has spent the last 14-plus years of his career with Aetna U.S. Healthcare, most recently as head of Field Organization. His responsibilities included sales and marketing, medical delivery networks and non-clinical patient management functions. Mr. Nolan has also held senior positions for the company in operations. Mr. Nolan said, "I am acutely aware of the many improvements that Cybear can achieve in the healthcare industry through the Internet. The Internet is no longer an experiment or a test-bed. It's the future, period. So it's perfectly appropriate that the management skills I honed at Aetna U.S. Healthcare be applied to this exciting new environment." Alan Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , chief executive officer of Andrx Corporation, which holds a majority of the outstanding stock of Cybear, added, "Everyone at Cybear is excited about having Tim join the organization. I look forward to working closely with Tim and Ed to make Cybear's potential a reality." Cybear, Inc., headquartered in Boca Raton, Fla., is an information technology company using the Internet to improve the efficiency of administrative and communications tasks of managing patient care - while addressing the healthcare industry's critical need for secure and reliable transmission of information. An Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) and Application Services Provider (ASP) for the healthcare industry, Cybear uses its own secure private network to provide access to the Internet, email, and robust productivity applications available on a transaction or subscription basis to physicians, physician organizations, pharmacies, and hospitals. Some of its on-line applications include business tools for hospital messaging, lab orders and results, streamlined purchasing, prescription writing, claims processing, eligibility checking, formulary-compliance, credentialing, Web site creation, and physician-patient communications via the Internet. More information and subscriptions to the company's product designed for the physician practice are available on-line at www.cybear.com or by calling 877.999.3001. Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the 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. provisions of 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. For this purpose, any statements contained in this report that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including these risks and uncertainties detailed in Cybear's filings with the Securities and Exchange Commission. |
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