Medical Technology & Innovations, Inc. Fast Tracks Strategic New Product Development, Hires Former Cook, Inc. Chief Design Engineer as Senior VP of Product Development.Business Editors/Health Writers RIVIERA BEACH, Fla.--(BUSINESS WIRE)--Sept. 12, 2000 Medical Technology & Innovations, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: MTEN MTEN Majlis Tindakan Ekonomi Negara ), the Company known for innovative medical devices and products, today announced it has named Larry W. James as Senior Vice President for Product Development. James, a 23 year new medical product design veteran who served as Chief Design Engineer of Cook, Inc., Bloomington Indiana, will drive strategic new product initiatives for MTEN, reporting to Joseph L. DelVecchio, Executive Vice 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. . Larry James brings to MTEN extensive, relevant experience and significant accomplishments in new product development. Said Jeremy P. Feakins, 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. of MTEN, "His expertise will be invaluable to us as we utilize the proprietary technology developed by Larry, and recently purchased by MTEN. We are working with Larry to bring these health care products and solutions to market. We are very pleased to welcome him to our team." Joseph L. DelVecchio, Executive Vice President and Chief Operating Officer said, "Larry will drive the Company's product development, positioning and branding. He will work closely with our company engineers to drive product innovation, to define product feature sets, and ensure utilization of MTEN's current distribution and marketing channels. His experience includes developing new and innovative medical products including many proprietary medical devices and systems currently in use throughout the medical profession today. He has also been involved in sales management, marketing and distribution. He brings a lot to our team." Larry James is a Board Certified board certified, adj the status of a dental specialist such as an orthodontist who has become a board diplomate by successfully completing the certification program of the recognized certification board in that area of practice. Urological Physician's Assistant physician's assistant: see physician assistant. . At Cook, Inc., Bloomington Indiana, Larry was promoted to Chief Design Engineer in 1977. During his stay at Cook, Inc. he developed the first five wire stone extractor, wedge tip ureteral ureteral pertaining to or emanating from the ureter. ureteral calculus ureterolith. ureteral distention ureterectasis. catheter, flexi-tip ureteral catheter and pigtail A cable that has an appropriate connector on one end and loose wires on the other. It is designed to patch into an existing line or to terminate the ends of a long run. Contrast with patch cord. ureteral stent. Larry has both sales and distribution skills and has developed additional products such as the single-handed prostate biopsy needle, which has been licensed to Medical Dynamics, Denver Colorado. Larry has acted as a consultant to numerous major medical companies in the past 20 years, developing new products, such as rigid optics, flexible endoscopes, electrosurgical units, surgical lights, penile prosthesis, surgical tables and other ground breaking technology products. ABOUT MTEN: Medical Technology and Innovations is the parent company of Steridyne Corporation and Medical Technology, Inc. The Company manufactures and distributes a wide variety of medical devices and products including the PhotoScreener, an 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. cleared vision-screening camera designed to detect conditions that can lead to amblyopia Amblyopia Definition Amblyopia is an uncorrectable decrease in vision in one or both eyes with no apparent structural abnormality seen to explain it. ("lazy eye") and other eye disorders in infants and young children. The company recently acquired additional proprietary and unique medical products which will be added to its current product lines, which include probe covers, sheaths, hot and cold gel packs, wound management products, temperature taking products and anti-decubitus devices. The Company sells its products to hospitals, medical offices, nursing homes and retail outlets. Note: This News Release contains certain "forward-looking statements as such term is defined in 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 and information relating to the Company and its subsidiaries that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors, the interest rate environment, governmental regulation and supervision, seasonality, distribution networks, product introductions and acceptance, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. |
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