CyberCare Names Forte President.Business Editors BOYNTON BEACH Boynton Beach, city (1990 pop. 46,194), Palm Beach co., SE Fla., on the Atlantic coast; inc. 1920. A major suburban area, it is also a beach resort and vegetable-shipping point. , Fla.--(BUSINESS WIRE)--Nov. 27, 2001 Joseph R. Forte Named President CyberCare, Inc. (Nasdaq: CYBR CYBR Copy Byte Right ) announced today that Joseph R. Forte has been named President of CyberCare, Inc. "Joe will have full decision responsibility on a day-to-day basis for all corporate activities," said Michael Morrell, 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. . Morrell added, "Joe has brought a true sense of purpose and has addressed every challenge from both the strategic and tactical levels. Since his arrival, he has defined and directed the announced cost management program contributing significantly to the reduction of expenses without negatively impacting company performance and deliverables, led the technologies division to the development and commercialization of an unmatched, state of the art, robust product roadmap, and assisted the sales and marketing organization in driving an increase in revenue for the Technology Division. Additionally, Mr. Forte led the company through the successful development and institutionalization Institutionalization The gradual domination of financial markets by institutional investors, as opposed to individual investors. This process has occurred throughout the industrialized world. of a quality system and processes resulting in ISO/MDD 9001 certification this past quarter." Forte, a graduate of Fordham University Fordham University (fôr`dəm), in New York City; Jesuit; coeducational; founded as St. John's College 1841, chartered as a university 1846; renamed 1907. Fordham College for men and Thomas More College for women merged in 1974. , received degrees in Marketing and Computer Science. Prior to joining CyberCare in March, the majority of his career was spent at Eastman Kodak Company where he held various general management and P/L P/L Pipeline P/L Profit and Loss P/L Product Liability P/L Payload P/L Property Line P/L Packet Loss P/L Pulsed Laser P/L Packing List (shipping) P/L Personal Lines P/L Proprietary Limited Company positions. Joe previously held the position of President, CyberCare Technologies and then 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. , CyberCare, Inc. In addition to his operational expertise, Mr. Forte also provides the company with a strong background in 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. , organizational and leadership skills, international business development and management, strategic partnering, adaptation of technology to customer solutions, development of key human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and strong business acumen. With over 15 years experience in digital imaging/data management and information security, five years specifically related to remote telehealth applications on a global basis, Mr. Forte is widely respected in the industry as a visionary who can deliver customer centric solutions, along with organizational entities with a passion for customer satisfaction and operational excellence. As President, Mr. Forte will report to the Chairman and CEO, Michael Morrell. 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 www.cybercare.net. 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. 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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