news:
News article received, Wednesday, April 28, 1999 7:37:05 AM EST
medcareonline.com, Inc. Appoints New President
OAK BROOK, ILL. (April 28) BUSINESS WIRE -April 28, 1999--Mr. Jeff Aronin, President and CEO of MedCare Technologies, Inc. (NASDAQ:MCAR) today announced the appointment of Mr. Marc Menendez as President of MedcareOnline.com, a wholly owned subsidiary of MedCare Technologies. "We're extremely pleased to have Marc join our growing MedCare team," comments Mr. Jeff Aronin. "MedcareOnline represents a significant opportunity for us, and I believe we've found a dynamic leader with the ideal blend of experiences to spur growth and develop strategic relationships. Combining his success in partnering with leading pharmaceutical companies, his strength in healthcare and Internet technologies, and his creative branding initiatives will ensure that we continue to merge our strong real world brand with the rapidly growing Internet field. Marc will build our already strong base in this dynamic market."
Mr. Menendez, a graduate of Columbia University, previously served as a Director of Pharmaceuticals for SMG Marketing Group, Inc., a healthcare data and consulting company, where he worked with such major pharmaceutical manufacturers as Schering Plough (NYSE: SGP), Warner Lambert (NYSE: WLA), Bayer Pharmaceuticals and Hoffman La- Roche in the development and implementation of precision marketing, contracting and sales strategies. Earlier in his career, Mr. Menedez worked at Forest Laboratories, Inc., a New York City pharmaceutical manufacturer, where his roles included work in managed care, contracting and marketing product management.
ABOUT MEDCAREONLINE.COM
MedCare Technologies, through its wholly owned subsidiary, medcareonline.com, Inc., has developed www.medcareonline.com as a comprehensive healthcare portal offering extensive medical information. MedCare's health portal has been designed to meet the current grassroots movement sweeping across the web, where 46% of all online users search for information about a medical or personal problem according to a recent Intelliquest Inc. survey. MedCare's "vertical" portal provides health-specific information and resources, such as health travel advisory, health news, symposiums, medical journals and publications. Similar to other vertical portals, such as Real Network's (NASDAQ: RNWK) Real Guide and CMGI Inc.'s (NASDAQ: CMGI) ZineZone, www.medcareonline.com focuses in one specific segment, thereby making the online users experience more time efficient, effective and enjoyable.
In addition to offering comprehensive medical information to consumers, medcareonline.com also plans to offer free web hosting and home page services to an estimated 750,000 US physicians, enabling them to send and retrieve free e-mail, conduct e-commerce and allowing their patients to interact on various health topics in "disease and condition" specific chat rooms.
For additional information, including recent analyst reports, please contact Mr. Bill Mann at 800-611-3388 or visit our website at medcareonline.com
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward- looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, changes in insurance reimbursement, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward- looking statements, whether written or oral, and whether made by or on behalf of the Company are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
