SOUTHAMPTON, Pa., Nov. 5 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation's (Amex: ETC) ("ETC" or the "Company") BioMedical Systems Division recently hired Mr. David Steimle as Director of Business Development. Mr. Steimle is responsible for expanding market awareness for the BARA-MED(R) XD Monoplace Hyperbaric Chamber. ETC is the only manufacturer of a time proven computerized monoplace hyperbaric chamber.
Mr. Steimle joins ETC with eighteen years in the medical industry, twelve of them within wound care of which six are linked directly to hyperbarics chambers. The hiring continues the Company's pattern of investment into the BioMedical Systems Division. Mr. Steimle will join Ann McMaster, Don Webber, Brad Wells, Mark Peterson, Eric Sprague, Husnu Onus and Bob Salmons in the sales and marketing group of ETC's BioMedical Division.
The BARA-MED(R) XD includes a 4th generation Windows(TM) based operating system with O.S.C.A.R.(TM) (Operating System for Control And Recordkeeping). With O.S.C.A.R.(TM) on your team, you eliminate the need for operator dive time management and paper recordkeeping while ensuring comprehensive documentation of the procedure. These features enable technicians to focus their attention on patient care and management, making your team more effective and efficient.
Gene Davis, President of the BioMedical Division, stated, "The industry today requires the best and latest technology available which leads them to choose ETC chambers. Hospitals are turning to our equipment in preparation of the upcoming changes in EMR (Electronic Medical Recordkeeping). We are pleased to have someone of David's caliber with us to communicate this message to the market at large."
ETC's BioMedical Systems Division's goal is to continue to be at the forefront of hyperbaric medicine and EMR with O.S.C.A.R.(TM).
ETC designs, develops, installs and maintains aircrew training systems (aeromedical, tactical combat and general), disaster management training systems and services, entertainment products, sterilizers (steam and gas), environmental testing products, hyperbaric chambers and related products for domestic and international customers.
This press release includes 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. These forward-looking statements are based on ETC's current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC's and its subsidiaries that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
These forward-looking statements include statements with respect to the Company's vision, mission, strategies, goals, beliefs, plans, objectives, expectations, anticipations, estimates, intentions, financial condition, results of operations, future performance and business of the company, including but not limited to, (i) potential additional funding by Lenfest, (ii) the potential delisting of the Company's common stock from the American Stock Exchange as a result of the Company's failure to comply with the AMEX listing standards, (iii) projections of revenues, costs of materials, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, capital structure, other financial items and the effects of currency fluctuations, (iv) statements of our plans and objectives of the Company or its management or Board of Directors, including the introduction of new products, or estimates or predictions of actions of customers, suppliers, competitors or regulatory authorities, (v) statements of future economic performance, (vi) statements of assumptions and other statements about the Company or its business, (vii) statements made about the possible outcomes of litigation involving the Company, including our outstanding litigation with Disney; (viii) statements regarding the Company's ability to obtain financing to support its operations and other expenses, and (ix) statements preceded by, followed by or that include the words, "may," "could," "should," "looking forward," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan," or the negative of such terms or similar expressions. These forward- looking statements involve risks and uncertainties which are subject to change based on various important factors. Some of these risks and uncertainties, in whole or in part, are beyond the Company's control. Factors that might cause or contribute to such a material difference include, but are not limited to, those discussed in the Company's Annual Report on Form 10-K for the fiscal year ended February 29, 2008, in the section entitled "Risks Particular to Our Business." Shareholders are urged to review these risks carefully prior to making an investment in the Company's common stock.
The Company cautions that the foregoing list of important factors is not exclusive. Except as required by federal securities law, the Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.
Contact: Duane D. Deaner, CFO
Tel: 215-355-9100 (ext. 1203) Fax: 215-357-4000
ETC - Internet Home Page: http://www.etcusa.com
|SOURCE Environmental Tectonics Corporation|
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