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Cytyc Corporation Names Chief Financial Officer.


BOXBOROUGH, Mass. -- Cytyc Corporation (Nasdaq: CYTC), a leading medical device company focused on women's health Women's Health Definition

Women's health is the effect of gender on disease and health that encompasses a broad range of biological and psychosocial issues.
, today announced that Timothy Adams has been named vice president, chief financial officer, and treasurer, a role he will assume on November 8, 2004. Mr. Adams brings to Cytyc more than twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights.
     2.
 of strong financial leadership with worldwide experience in finance, operations, treasury, tax, human resources, and information technology. He will be responsible for global financial operations and investor relations Investor relations

The process by which the corporation communicates with its investors.
.

"We are delighted to add Tim Adams to our senior management team," said Patrick J. Sullivan, Cytyc's chairman, president, and chief executive officer. "He is a highly skilled finance professional who brings diverse experience to Cytyc which will be a key asset as we continue our focus on growth in the U.S. and around the world."

Mr. Adams most recently served as chief financial officer for Modus International, Inc., a $600 million, privately held, global supply chain management company serving the high technology and broadband markets. Modus operates twenty-three solution centers in thirteen countries. Prior to Modus, Mr. Adams served as chief operating and chief financial officer at GeoTrust and chief financial officer at Digex, Inc. In addition, Mr. Adams has held senior financial positions at GTE GTE General Telephone & Electronics
GTE Génie Thermique et Énergie (French)
GTE Gas Turbine Engine
GTE Global Tropospheric Experiment
GTE Geothermal Energy
GTE Gas Turbine Efficiency plc (Sweden & USA) 
 Internetworking/BBN Planet and Trans National Group Services.

A Certified Public Accountant Certified Public Accountant (CPA)

An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state.
, Mr. Adams began his career at Price Waterhouse. He received his B.S. from Murray State University Publications
Its student newspaper, The Murray State News, has been awarded two Pacemaker awards in the last decade, the highest award given to collegiate newspapers; in addition, the school yearbook, The Shield,
, Murray, Kentucky, and an MBA MBA
abbr.
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration
 from Boston University.

Mr. Adams replaces Leslie Teso-Lichtman, who has been acting chief financial officer. Ms. Teso-Lichtman will continue in the role of vice president, controller. Mr. Sullivan concluded, "We want to express our thanks to Leslie Teso-Lichtman who made many significant contributions during the time she assumed the additional responsibilities of acting chief financial officer and treasurer. Together she and Mr. Adams have the breadth of expertise and skills to lead a world class financial organization at Cytyc Corporation."

Cytyc Corporation is a leading medical device company that designs, develops, manufactures, and markets innovative and clinically effective products primarily focused on women's health. Cytyc products cover a range of women's health applications, including cervical cancer Cervical Cancer Definition

Cervical cancer is a disease in which the cells of the cervix become abnormal and start to grow uncontrollably, forming tumors.
 screening, breast cancer risk assessment, and treatment of excessive menstrual bleeding. The ThinPrep(R) System is the most widely used method for cervical cancer screening in the United States. The ThinPrep System consists of the ThinPrep(R) 2000 Processor, ThinPrep(R) 3000 Processor, ThinPrep(R) Imaging System, and related reagents, filters, and other supplies. The ThinPrep System also provides the platform from which the Company has launched its expansion into breast cancer risk assessment with the FirstCyte(R) Breast Test. Cytyc Surgical Products, 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 Cytyc Corporation, manufactures and markets the NovaSure(R) Impedance Controlled Endometrial Ablation System, or the NovaSure(R) System, an innovative endometrial ablation device to treat menorrhagia menorrhagia /men·or·rha·gia/ (men?ah-ra´jah) hypermenorrhea.

men·or·rha·gia
n.
See hypermenorrhea.
, or excessive menstrual bleeding.

Cytyc is traded on The Nasdaq Stock Market Nasdaq stock market

The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies.
 under the symbol CYTC. Cytyc, ThinPrep, FirstCyte, and NovaSure are registered trademarks of Cytyc Corporation.

Forward-looking statements in this press release are made pursuant to the provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements relating to the Company's financial condition, operating results and future economic performance, and management's expectations regarding future growth opportunities, product acceptance and business strategy, constitute forward-looking statements. These statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties, which could cause actual outcomes and results to differ materially from those statements. Risks and uncertainties include, among others, dependence on key personnel and proprietary technology, uncertainty of product development efforts, product acceptance, management of growth, risks associated with litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 and the effective integration of acquired businesses and technologies, competition and competitive pricing pressures, risks associated with the FDA FDA
abbr.
Food and Drug Administration


FDA,
n.pr See Food and Drug Administration.

FDA,
n.pr the abbreviation for the Food and Drug Administration.
 regulatory approval processes and any healthcare reimbursement policies, and other risks detailed in the Company's filings with the Securities and Exchange Commission, included under the heading "Certain Factors Which May Affect Future Results" in its 2003 Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 and its most recent Quarterly Report on Form 10-Q filed with the Commission. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date they were made. The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in Company expectations or events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 25, 2004
Words:769
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