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March 05, 2001 07:30
PediaNet.com, Inc. Announces Structural Changes to Board of Directors; New Board to Guide Company's Forward Momentum Following Recent Merger, and Pending Strategic Alliances
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BROOKLYN, N.Y.--(BUSINESS WIRE)--March 5, 2001--PediaNet.com, a premier provider of pediatric healthcare information to families and professionals, today announced that it has restructured its Board of Directors to more aggressively pursue and implement the Company's new direction and mission following the closing of the acquisition of drpaula.com as well as the recent marketing and revenue sharing agreement of drpaula.com with iMaternity.com.
The new Board of Directors will consist of two existing members from PediaNet.com, Inc, two members from drpaula.com and one member from iMaternity.com.
New additions to the board include Harold Engel, President of drpaula.com. Mr. Engel has served as President of drpaula.com since its inception. He has played an integral part in critical areas such as technology, operations and marketing of the site, resulting in a sticky, highly trafficked award-winning site. Prior to his post at drpaula.com, he was CEO of Take Time Corporation, a successful commercial entity in New York. Preceding Take Time Corporation, he was CEO of Consolidated Fur Company, a multi-million dollar international organization.
Joining the Board from drpaula.com is Alan Cohen. Mr. Cohen, currently Executive Vice President, CFO and a director of ActiveIntermedia, Inc., brings a wealth of depth and experience in the financial industry with over 35 years experience as a CPA. He was a partner in the firm of Mirsky, Cohen & Furst, which specialized in mergers and acquisitions, public offerings and audits of public companies. He has been involved as a principal and a consultant for companies in the entertainment, oil and gas and distribution industries.
Joining the Board from iMaternity, Inc is Mr. James Kirsch, CEO of iMaternity. As Chief Executive Officer of iMaternity, James Kirsch is at the helm of the nation's second leading maternity retailer. He is responsible for overseeing business operations and development at the company's 185 retail outlets and its online division. During his 17-year tenure, Mr. Kirsch has continually increased efficiency and profit margin to grow the company both domestically and internationally. Under Mr. Kirsch's leadership, iMaternity has established and opened three of its own manufacturing plants, participated in major mergers and acquisitions and launched iMaternity.com, the leading online source for maternity apparel and baby products.
The two remaining Board members from PediaNet.com are Stephen Richter and Alexsandr Akerman.
Mr. Stephen Richter, President of PediaNet.com, Inc, stated, "The addition of Harold Engel, Alan Cohen and Jim Kirsch is consistent with our strategic plan of continuing to build an infrastructure conducive to growth and expansion. We feel we have a well-balanced Board with areas of expertise and strengths in diverse industries. They will play a pivotal role in leading the company through its next phase of business."
Among the agenda items to be discussed at the next Board of Directors meeting, scheduled for March 15, 2001, will be the appointment of Harold Engel as Chief Executive Officer and Stephen Richter assuming the position of Chairman of the Board of Directors while continuing in his capacity as President of PediaNet.com, Inc.
About PediaNet
PediaNet is a pediatric information system based on Internet solutions and a proprietary pediatric software program, {Devset}. The main distinction that differentiates PediaNet from existing medical Internet sites is the exclusive dedication of the site to pediatrics. PediaNet's primary focus is on the expedient, Internet-based delivery of world-class, up-to-date, state-of-the-art information.
About drpaula.com
drpaula.com is the recipient of numerous parenting, editor's choice and academic excellence awards and is one of the Internet's most widely trafficked pediatric web sites, with an average of over 3 million hits per month, over 1 million page views, an excess of 200 new registered users per week and provides answers to questions related to children's health to more than 60,000 unique visitors monthly while retaining an average visit length of over 15 minutes.
Dr. Elbirt has been the Executive Vice President, Secretary, and a director of drpaula.com since its inception in September 1998. She was also an executive officer of Kidsdoc,the predecessor of that company, since January 1997. Dr. Elbirt has been a practicing pediatrician on the Upper East Side of New York for approximately 20 years. She has published a number of articles and books on pediatric and child-rearing subjects, and has been a frequent guest on a number of national television shows, including, "The Today Show", "Good Morning America", "CNNParenting Today" and America's Health Network's "Ask the Pediatrician".
About iMaternity.com
iMaternity.com, the leading pre, neo and postnatal portal serves the needs and concerns of the " LifeSpring " consumer. Jim Kirsch the CEO of iMaternity.com is a leader in the interactive business community. Mr. Kirsch has been building long lasting value by working with Internet companies of excellence in unique and exciting ways. " Our mission is to work with iVillage.com, Dr. Paula.com, iParenting .com as well as numerous other solution oriented sites in order to provide the most life enhancing neo natal portal for the " LifeSpring " community."
The information contained in this press release, including any "forward looking statements" within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's Annual Report on Form 10-ksb and other publicly available information regarding the Company, copies of which are available from the Company upon request. Such publicly available information set forth many risks and uncertainties related to Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside the influence and/or control of the company.
CONTACT: Investor Relations
DeMonte Associates
Cynthia DeMonte / Gail Johnson
212-473-3700
cdemonte@demonte.com / gjohnson@demonte.com |
