BIODYNAMICS' CFO RESIGNS DUE TO HEALTH REASONS
BIODYNAMICS' CFO RESIGNS DUE TO HEALTH REASONS TAMPA, Fla., Nov. 3 /PRNewswire/ -- Biodynamics International, Inc.
(NASDAQ: BDYN) today announced the resignation of Thomas A. Martin, its vice president of Finance and chief financial officer, due to health reasons. Martin had been a consultant to the company since November 1990 and assumed the position of CFO in July of this year.
The company also announced that the position vacated by Martin's departure will be filled on an interim basis by Charles C. Dragone, a director of the company. Dragone is a principal of Financial Associates, a financial consulting firm located in Sarasota, Fla. and was formerly chief financial officer of K-Tron International, Inc. Financial Associates was retained by the company in July to assist in various aspects related to the proposed purchase of Pfrimmer-Viggo's Wound Care Division. John V. Hargiss, president of Biodynamics International, stated, "Mr. Martin's contribution to Biodynamics has been significant and it is unfortunate that his health problem will not permit his continued involvement with the company. In this circumstance we were fortunate to have had Mr. Dragone's on-going involvement in all aspects of the company's current business affairs. This will allow us to continue our positive momentum." Biodynamics International, Inc. provides specialty surgical products to the neurosurgical, orthopedic, cardiovascular, plastic and reconstructive specialties. The company is a Florida corporation with executive offices in Tampa, Fla. -0- 11/3/92 /CONTACT: John V. Hargiss, 813-979-0016, or Charles C. Dragone, 813-951-2553, both of Biodynamics International/ (BDYN) CO: Biodynamics International, Inc. ST: Florida IN: MTC SU: PER
AW-JB -- FL004 -- 1958 11/03/92 09:49 EST
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|Date:||Nov 3, 1992|
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