Where are all the long faced cyberites today? The future looks dim but do not worry. I am sure John Haines will pick up the old Videolan playbook and have you off and running soon in yet another state of the art revolutionary product. Some time will have to pass though because greedy people usually dont have long memories. A new name change could also be in the picture in the future since this one is so tainted..
But what do I know anyway?
CYBeR-CARE Announces Annual Meeting Results
BOYNTON BEACH, Fla.--(BW HealthWire)--Aug. 15, 2000--CYBeR-CARE, INC. (Nasdaq:CYBR) today announced the results of its Annual Meeting of Stockholders, held at the Muvico Theater in Boca Raton, Florida.
Shareholders elected eight directors to serve a one-year term. They are: Michael Morrell, Chairman and CEO; Paul Pershes, President; Dana Pusateri, Chief Operating Officer; John Haines, President, Technology division; Louis Capece, Jr., President, Air Response division; and outside directors Theodore Orlando, Glen Barber, and Terry Lazar.
The following resolutions were also approved at the meeting:
-- Ernst & Young LLP was ratified as the Company's independent
auditors for the 2000 calendar year.
-- The number of authorized shares of common stock available for
issuance under the Company's 1999 Directors' and Officers' Stock
Option Plan was increased from 4 million to 9 million. Section 5.2
of the plan was amended to provide that options issued under the
plan become exercisable based upon the terms set forth in the
option agreement.
-- The number of authorized shares available for issuance under the
Company's 1999 Incentive Stock Option Plan was increased from 2
million to 5 million and it was provided that the Company may
grant options to all employees. Section 6.7 was amended to provide
that 1) options issued under the plan shall terminate one day less
than three months after the severance of employment of the plan
participant from the Company, and 2) that options issued under the
plan shall terminate upon the death, disability or retirement of
the plan participant on the earlier of the expiration of the
option or one day less than one year from the death, disability or
retirement of the plan participant. Section 6.3 was amended to 1)
remove language that options issued under the plan become fully
exercisable six months from the date of the grant, 2) provide that
no option shall have vesting limitations in excess of three years
from the date of grant, and 3) decrease the term of options issued
under the plan from ten years to five years from the date of
grant.
Based in Boynton Beach, FL, CYBeR-CARE is a technology assisted health management company with four business lines. The Company's Electronic HouseCall(TM) System, a patented Internet-based technology system provides for the remote monitoring of individuals for health care purposes. In addition, CYBeR-CARE operates physical, occupational and speech therapy centers, an institutional pharmacy and one of the world's largest air ambulance transport services.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
CONTACT:
CYBeR-CARE, Boynton Beach
Jessica Wolpert, Investor Relations
800/938-1899
Website: www.cyber-care.net
KEYWORD: FLORIDA
BW2691 AUG 15,2000
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