CyberCare Announces Steven Cohen as CFO.Business Editors/Health & Medical Writers BOYNTON BEACH, Fla.--(BW HealthWire)--Sept. 17, 2001 CyberCare, Inc. (Nasdaq:CYBR CYBR Copy Byte Right ) has appointed Steven M. 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. to the newly created position of Chief Financial Officer (CFO See Chief Financial Officer. ). As CFO of CyberCare, Cohen will direct the company's financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and accounting areas, as well as manage relationships with lending institutions, shareholders and the financial community. Prior to joining CyberCare, Cohen served in executive positions for several health care organizations during his 36-year career. Most recently, he was 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. for HIP Healthplan of Florida where he was responsible for the overall performance of products and services to governmental, business and retiree communities. Cohen's other financial management experience also includes holding positions of 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. at HIP Healthplan of 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 director of finance and administration at Cigna Healthplan of Northern New Jersey and New York. Cohen is a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. certified in New York. According to Michael Morrell, chairman of the board and CEO, "Cohen's success with these organizations has proven his financial strengths through fiscal management and profit achievement." "As CyberCare grows, having a strong and experienced management team in place is not just a benefit to the company, it is crucial for success," Morrell said. "It is invaluable to have someone with Steven's financial and management expertise to help us make the right strategic financial decisions and ensure our continued industry leadership." About CyberCare, Inc. CyberCare, Inc. is a network-based telehealth solutions company improving the delivery of care through its Internet-based technology. CyberCare creates a live, interactive community that incorporates all members of the care team in the healthcare delivery process, resulting in cost reduction and improvement in the quality of patient care. Utilizing patented technology for remote monitoring and real-time interactive communications between chronically ill patients and their providers, CyberCare's Electronic HouseCall(R) System allows for effective and efficient data collection, case management and personal interaction. Headquartered in Boynton Beach, Fla., CyberCare also has physical, occupational and speech therapy businesses and an institutional pharmacy business. Visit CyberCare's Web site at http://www.cybercare.net. Safe Harbor Statement under 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: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, product acceptance and effectiveness, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
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