InforMedix Appoints Harry M. Stokes SVP and Chief Financial Officer.ROCKVILLE, Md. -- InforMedix Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IFMX IFMX Informix Corporation ), said today it appointed Harry M. Stokes to serve as its Senior Vice President and Chief Financial Officer, responsible for financial reporting, strategic 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 financial operations. Mr. Stokes brings extensive expertise in the areas of Business Analysis, Strategic and Tactical Planning, Operational & Cash Planning, Corporate Communications, Negotiations, and Business Development. Mr. Stokes is an accomplished financial and operating executive with over 25 years of experience managing national and international organizations holding assets from $5 million to in excess of $1 billion. Most recently, he served as CFO See Chief Financial Officer. for Transnational Automotive Group (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:TAMG). From 2002-2005 he served as Chief Financial Officer and Vice President of Finance and Administration for the Major Indoor Soccer League This article is about the current Major Indoor Soccer League. For information about the 1978-92 MISL see Major Soccer League. The Major Indoor Soccer League is the top professional indoor soccer league in the USA. , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . From 1994-2002, he was the Managing Director of HMS HMS abbr. Her (or His) Majesty's Ship HMS (Brit) abbr (= His (or Her) Majesty's Ship) → Namensteil von Schiffen der Kriegsmarine & Associates, a consulting firm representing high net-worth individuals, and privately held organizations, which provided strategic, operational and financial consulting to both start-up and established domestic and international organizations. Mr. Stokes previously served as Vice President of Finance of Gund Investment Corporation, where he personally represented a high net-worth individual as a key financial, strategic, operational and investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and on all portfolio assets and operating companies. He provided extensive merger, acquisition, integration, turn-around, operating and tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. counsel and entity leadership. His role also included service as lead financial advisor for several of the closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. investments. Dr. Bruce Kehr, InforMedix 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. said that InforMedix is, "Very fortunate to have attracted a person of Mr. Stokes' experience and competence to join us as SVP SVP S'il Vous PlaĆ®t (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul & CFO at this important time. We are really excited given Harry's extensive background in structuring relationships with distributors and channel partners, and working successfully with high net worth individuals and institutional investors." "I am exceptionally pleased to join the senior management of InforMedix and participate in the Company's efforts to improve the health and life span of senior citizens, the chronically ill, and many acute care patients. InforMedix's Med-eMonitor is clinically proven to dramatically improve the medication adherence concerns of care-givers, and I believe will enable insurers to better manage the future healthcare costs of our aging baby boomer generation," stated Mr. Stokes. The Company also announced the resignation of Douglas G. Watson from the Board of Directors after 4 ' years of service. Mr. Watson resigned as "Part of my desire to reduce the number of public companies where I am involved as a member of the board." Mr. Watson also recently resigned from two other public company boards. Dr. Kehr said the Company was very thankful for Mr. Watson's contribution to the board and that the Company had no plans to replace Mr. Watson, as the Company added two new additional directors in the past year. About InforMedix InforMedix has developed the Med-eMonitor System as The Medication Adherence Solution for disease management and retail products markets, estimated to involve over 40 million chronic care patients and reach $35 billion in annual revenue (Forrester Research). InforMedix has integrated a portable patient-interactive monitoring device, hardware, software and networked communications system to enable disease management programs, chronically ill patients and their loved ones, and medical researchers to efficiently monitor and manage patients' medication and care plan adherence, clinical response, and drug safety. The Med-eMonitor is specifically designed to improve patient medication compliance and care plan adherence having consistently achieved adherence levels of greater than 90% in academic medical center programs. In a recent program for diabetes patients, the Med-eMonitor System improved mean medication adherence rates to over 92% compared to a baseline medication adherence rate of 40%, and also reduced Hemoglobin A1c (HbA1c) levels by an average of 18.5% in a 3 month period (p < .002). The Med-eMonitor System leverages InforMedix's strong intellectual property consisting of 15 issued patents and 13 patents pending. InforMedix's patents have been cited as prior art by patent examiners in over 150 other issued patents. To find out more about InforMedix, Inc. (OTCBB:IFMX), visit our website at www.informedix.com This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. References made to the discussion of the risk factors are detailed in the Company's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-KSB for the year ended December 31, 2005, and our other filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and we disclaim any obligation to update or revise the information contained in any such forward-looking statements, whether as a result of new information, future events or otherwise. |
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