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Biotech / Medical : Medtronic (MDT) -- Ignore unavailable to you. Want to Upgrade?

To: Ernie Kelley who wrote (320)	7/15/1998 8:49:00 AM
From: vcap	Respond to of 687

FORMER MEDTRONICS (NYSE:MDT) EXECUTIVE JOINS PSVC!! Alfonso Serrato Appointed to Pioneer Services Board of Directors BOCA RATON, Fla.--(BW HealthWire)--July 15, 1998--Pioneer Services International Ltd. (OTC BB:PSVC) announced Wednesday that Alfonso Serrato, investment banker and former senior member of the Operating Committee Board of Medtronic Corp. (NYSE:MDT) has been appointed to serve on Pioneer Services board of directors. Serrato is an alumnus of Medtronic Corp. (World's Leading Therapeutic Medical Technology Company) having spent over 14 years in various senior management positions with Medtronic worldwide operations until his retirement in 1997. His responsibilities for Medtronic Corp. included being president of Vitraton N.V., senior vice president of Pacing Operations for Europe, Africa and the Middle East, senior vice president of Worldwide Manufacturing Facilities, vice president and general manager of Blood Management Operations, vice president and general manager for Caribbean Operations. In 1992, he was elected to Medtronic's Operating Committee Board where he served until his retirement. Concerning Serrato's appointment, Dr. Frank A. Chaviano, Pioneer's chief operating officer and member of the board, said: "Mr. Serrato has the financial and business acumen we want for our board. His first task is to develop European manufacturing and licensing agreements for Common Market Countries and Latin America. Mr. Serrato has already set up several interesting business opportunities which Pioneer Services will be following over the next several months in Spain, Holland and Belgium." Pioneer Services International is a leader in the field of electromagnetic resonance technology. Our patented products and services cut across Medical, Pharmaceutical, Building, Leisure and Environmental industries. For more information please contact Dr. Frank A. Chaviano at 561/477-8020 or LBI Group Inc. at 800/913-9767. This release contains forward-looking statements that are subject to risks and uncertainties, including but not limited to, certain delays beyond the company's control with respect to business, events, regulatory approvals, and other risks which are detailed from time to time in the company's filings with the Securities and Exchange Commission. CONTACT: Pioneer Services International Ltd., Boca Raton Dr. Frank A. Chaviano, 561/477-8020 or LBI Group Inc., 800/913-9767