COII JUNE 22, 1995 ARTICLE REGARDING 6000 CHINA HOSPITALS, 200,000 REMOTE CLINICS,
But in reality no units were ever sold in China, and sales did not show up in the following Quarter's financials as Johnston claimed...
June 22, 1995, Thursday, PM cycle
SECTION: Business News
LENGTH: 341 words
HEADLINE: Former Iran-Contra Figure Working to Revamp China's Health Care
DATELINE: PORTLAND, Ore.
BODY:
Retired Air Force Maj. Gen. Richard Secord, a key figure in the Iran-Contra affair, has been hired by an Oregon company to help computerize China's health-care system.
Computerized Thermal Imaging Inc. of Lake Oswego, Ore., named Secord president for international operations in its venture with Electronic Data Systems and Fluor Daniel Inc. to convert China to a paperless system.
The project involves installation of $ 500,000 thermal imaging systems at 6,000 hospitals throughout China, and installation of smaller $ 85,000 systems at another 200,000 remote clinics.
"For many years, I was in charge of the policy office at the Pentagon that handled foreign military sales," Secord said early today from his hotel in Beijing. "What we're doing here is the flip side."
Chinese patients will be provided with health cards that contain their personal medical histories.
According to Computerized Thermal Imaging, Dallas-based EDS, a subsidiary of General Motors, will integrate the computer systems and transfer the medical data. Fluor Daniel, an international engineering conglomerate based in Irvine, Calif., will manage the project.
Secord said he learned about Computerized Thermal Imaging when he was studying the company as a potential investor.
The company has begun installing card readers under a joint venture contract with the Chinese Ministry of Public Health, said David Johnston, president of Computerized Thermal Imaging. He also was in Beijing.
Computerized Thermal Imaging has no revenues to date, Johnston said, but the China venture should begin showing up in its financial statements in the next quarter.
He said the publicly-traded company expects to gain a NASDAQ listing within the next 150 days.
Secord drew headlines in the Reagan era when he acknowledged working for then-White House aide Oliver North to help arrange arms shipments to Nicaraguan rebels and to the Iranian government.
In 1990, Secord was sentenced to two years on probation for making false statements to congressional investigators. |
