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Biotech / Medical : AVHC - Advanced Healthcare Technologies

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To: jmhollen who started this subject12/18/2002 12:49:08 PM
From: jmhollen   of 90
 
Advanced Healthcare Technologies, Inc. Announces the Appointment of New Advisory Board Members

FARMINGDALE, N.J., Dec. 18 /PRNewswire-FirstCall/ -- Advanced Healthcare Technologies, Inc. (OTC Bulletin Board: AVHC) today announced the appointment of two members to its newly formed advisory board. The Advisory Board is being created to focus on development of policies, practices and procedures for the Company in the implementation of its strategic business plan.


The first two appointments include Amie B. Franklin, Ph.D. of San Francisco, California and Mr. John Demoleas of New York City, New York. Both Ms. Franklin and Mr. Demoleas bring extensive experience in health care to the advisory board and will formulate plans, procedures and practices to assist the company in identifying future targeted acquisitions and strategic planning in the development of the Company's existing subsidiary (Advanced Hyperbaric Technologies, Inc.) and the currently targeted acquisition of TouchVision, Inc.

A summary of Ms. Franklin's resume is replete with leadership, vision and a strong work ethic in meeting both financial and strategic goals. Currently CEO of MedVie, Inc., a new healthcare venture where she has coordinated the development of the Company's business model, capital formation, investor relations, product development and oversight of the Company's pre-launch testing program. Ms. Franklin is also a principal in Venture Expert Partners, LLC, a venture catalyst and strategic business consulting firm. Venture Expert Partners successfully turned around a publicly trading distressed healthcare software company (TSX) taking it from near insolvency to positive cash flow within four months. Ms. Franklin was formerly President and COO of Drug Emporium.com from 1999-2000 a Nasdaq listed company with 1.2 billion in revenue and 5,000 employees. From 1998-1999 Ms. Franklin was the Chief Business Officer and Chief Science Officer of MotherNature.com of Concord, MA., an online retailer of natural health products which successfully raised over 40 million in funding under her guidance. Ms. Franklin has a B.S. degree in Biology and Dance, a Masters Degree in Physiology and a Doctorate in Nutrition from Columbia University, New York, New York.

Mr. Demoleas bring complementary credentials with an MBA and MPH degree from Columbia University's School of Public Health (1984). Mr. Demoleas is currently the Vice President of Corporate Development for Children's Hospital of New Jersey and he was formerly the Executive Director of St. Peters University Hospital Foundation of New Brunswick, New York and the National Director of Individual Support for the Boys and Girls Clubs of America. Mr. Demoleas is a Trustee of the Ronald McDonald Children's House, Founder and Director of Stay Healthy, Inc. and Director of E- Street Financial Services. Mr. Demoleas is an advisor to several companies both within and without the healthcare industry.

Phillip Loori, President of Advanced Healthcare Technologies, Inc., stated that the Company is extremely fortunate to have two individuals with the experience, track record and capabilities of Ms. Franklin and Mr. Demoleas willing to join the Company in these roles and expressed hope that this relationship will develop into a greater role for Ms. Franklin once she has had an opportunity to review the opportunities that the Company believes exist in the marketplace.

SOURCE Advanced Healthcare Technologies, Inc.

CONTACT: Pacifica Financial Group, Inc., +1-949-852-1812, for Advanced
Healthcare Technologies, Inc

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