Recom Names J&J Veteran Pamela Bunes as President.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Recom Managed Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RECM RECM Recommend RECM Real Estate Capital Management LLC (Santa Monica, CA) ), a life-sciences company developing patented heart-monitoring technology, today announced that Pamela Bunes, a veteran of the healthcare industry, has been appointed Chief Executive Officer and President. Ms. Bunes accepted a five-year tenure on Recom's Board of Directors last month. She was also acting as a consultant to the company. Dr. Lowell Harmison, former Principal Deputy of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Department of Health Services Department of Health Services may refer to:
Terms of Ms. Bunes' contract with Recom have been approved by the Board of Directors but have not yet been disclosed. "Pamela's impressive experience in the medical device industry well-positions her to lead Recom through the critical months ahead, as the organization prepares for the commercialization of the Model 100 Heart Monitor," said Lucy Duncan-Scheman, chairperson of the board of Recom. "I am confident that under Pamela's leadership, Recom will fulfill its promise in providing cardiac-care practitioners the most sophisticated and effective long-term ECG ECG electrocardiogram. ECG abbr. 1. electrocardiogram 2. electrocardiograph ECG Also called an electrocardiogram, it records the electrical activity of the heart. solution ever developed." Ms. Bunes' appointment as Chief Executive Officer and President is the latest step taken to better position the company as it shifts towards a focus on marketing its proprietary technology. The company secured $8 million in two rounds of private-placement financing earlier this month that will be used in large part to support commercialization of the Model 100 Heart Monitor 12-lead electrocardiograph e·lec·tro·car·di·o·graph n. Abbr. ECG, EKG An instrument used in the detection and diagnosis of heart abnormalities that measures electrical potentials on the body surface and generates a record of the electrical currents associated with (ECG) technology, which utilizes a patented signal-processing platform to allow for the production and recording of a clinical-quality ECG while the patient is ambulatory. Recom's proprietary technology is currently being evaluated at Duke Clinical Research Institute (DCRI DCRI Direction Centrale du Renseignement Intérieur DCRI Duke Clinical Research Institute DCRI Diversified Corporate Resources, Inc. DCRI Dental & Cosmetic Research Institute (India) DCRI Data Center Reference Implementations ) in Durham, N.C. The double-blinded, 100-patient DIVA trial will establish the performance of Recom's device against the current standard of care in ambulatory cardiac-monitoring technology. Results from DIVA, which is being led by Mitchell W. Krucoff, MD, director of the Ischemia Monitoring Lab and Interventional Devices Clinical Trials at DCRI, associate professor of medicine at Duke Medical Center, and director of the Cardiovascular Laboratory at the Durham Veterans Affairs Veterans Affairs is a term of the business that deals with the relation between a government and its veteran communities, usually administered by the designated government agency. Medical Center, are expected in the third quarter of 2005. Two additional studies at Duke are in the planning stages. "I am excited to have the opportunity to guide Recom as we enter this new era and to lead its evolution from a research-and-development organization into an innovator in the marketing of superior ECG technology, which has the potential to revolutionize the diagnostic care of cardiac patients," Ms. Bunes said. Ms. Bunes most recently was employed by Biosense Webster, Inc., a subsidiary of Johnson & Johnson. Prior to that, she served as executive account manager with Ethicon Endo-Surgery Ethicon Endo-Surgery, Inc., a subsidiary of Johnson & Johnson, is a company that designs and manufactures medical devices and surgical instruments with the intent of minimizing the invasiveness of surgery. Ethicon Endo-Surgery was part of Ethicon, Inc. , Inc. (another JNJ JNJ Johnson and Johnson (stock symbol) JNJ Journal of Nursing Jocularity subsidiary), where she started as account manager in October 1990. Biosense Webster and Ethicon Endo-Surgery are valued subsidiaries of Johnson & Johnson. Previously, Ms. Bunes held numerous positions, including vice president of First Union National Bank. Ms. Bunes has a bachelor of arts degree with double majors in economics and business administration (finance) from Converse College in Spartanburg, S.C. Breakthrough ECG Monitoring Technology Recom's first product, the Model 100 Heart Monitor, is an ambulatory patient heart monitor that uses patented signal-processing technology to record a clinical-quality ECG signal in the presence of "noise," or interference, generated by the patient's body movements and ambient environment. By reducing these interfering factors during recordings, the Recom Model 100 helps general practitioners and cardiologists more accurately detect cardiac abnormalities or changes that may occur during daily activities and allows medical experts to collect extensive, continuous cardiac data over time, which can establish a baseline against which future readings can be compared. The Model 100 provides up to 48 hours of real-time heart monitoring during patients' everyday activities. The Model 100 has received 510(k) clearance from the Food and Drug Administration (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. ). About Recom Managed Systems, Inc. Recom Managed Systems, Inc. is an emerging life sciences company focused on the monitoring and detection of disease through continuous biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. signal monitoring. Recom Managed Systems, Inc. uses its patented signal technology to design and develop medical devices that simplify and reduce the costs of diagnostic testing Diagnostic testing Testing performed to determine if someone is affected with a particular disease. Mentioned in: Von Willebrand Disease and patient monitoring in an ambulatory setting. With our patented signal-technology platform, Recom brings clinical-quality physiological signal monitoring to the ambulatory setting. Recom Managed Systems, Inc. is traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol RECM.OB. More information is located at http://www.recom-systems.com. Caution Regarding Forward-Looking Statements Statements in this release that are not strictly historical are "forward-looking" statements. Forward-looking statements involve known and unknown risks, which may cause Recom's actual results in the future to differ materially from expected results. Factors which could cause or contribute to such differences include, but are not limited to, failure to complete the development and introduction of new products or services, failure to obtain federal or state regulatory approvals governing medical devices, monitoring and other related services or products, inability to obtain physician, patient or insurance acceptance of Recom's products or services, adverse equity-market conditions and declines in the value of Recom's common stock, and the unavailability of financing to complete management's plans and objectives. These risks are qualified in their entirety by cautionary language and risk factors set forth and to be further described in Recom's filings with the Securities and Exchange Commission. |
|

Printer friendly
Cite/link
Email
Feedback
Reader Opinion