Digirad Corporation Names President and Chief Executive Todd Clyde to Board of Directors
October 23 2008 - 5:00AM
PR Newswire (US)
POWAY, Calif., Oct. 23 /PRNewswire-FirstCall/ -- Digirad
Corporation (NASDAQ:DRAD), a leading provider of medical diagnostic
imaging systems and services to physicians' offices, hospitals and
imaging centers, today announced the appointment of President and
Chief Executive Officer Todd P. Clyde to its Board of Directors,
effective immediately. Clyde, 40, whose promotion to Digirad
president and chief executive officer was announced on October 20,
replaces Mark Casner, 53, who had resigned as president, chief
executive officer and director. The number of directors on the
Digirad board remains at six and consists of Clyde and five outside
directors. King Nelson, Digirad's chairman, commented: "Todd brings
years of financial and business experience to the board, and his
in-depth working knowledge of Digirad, its business and new
strategy will be particularly beneficial as the Company steps up
its focus on achieving profitability and positive cash flow. We
welcome Todd as a director and look forward to working with him in
his new capacities as director and CEO in realizing the Company's
full potential and enhancing shareholder value." Clyde joined
Digirad as chief financial officer in November 2002. In December
2007, he was promoted to executive vice president, chief financial
officer and product head. Prior to joining Digirad, he held senior
executive and senior management positions in finance and accounting
at Del Mar Database, Inc.; Verance Corporation; and I-Bus/Phoenix,
a division of Maxwell Technologies, Inc. Clyde was a senior auditor
at Ernst & Young, LLP, an international public accounting firm,
and received a Bachelor of Science degree in accounting and a
Masters of Accountancy from Brigham Young University. He is a
certified public accountant and lives in San Diego, Calif. with his
family. About Digirad Digirad Corporation provides diagnostic
nuclear and ultrasound imaging systems and services to physicians'
offices, hospitals and other medical services providers for
cardiac, vascular, and general imaging applications. Digirad's
Cardius XPO line of nuclear imaging cameras use patented
solid-state technology and unique multi (dual, triple) head design
for superior performance and advanced features for sharper digital
images, faster processing, compact size, lighter weight for
portability, ability to handle patients up to 500 pounds, and
improved patient comfort compared to standard nuclear cameras.
Digirad's 2020tc general-purpose nuclear imager has a small
footprint and may also be configured for fixed or mobile use to
supplement primary imaging. Digirad's installed base of equipment
exceeds 550 systems; in addition, a mobile fleet of 158 nuclear and
ultrasound imaging systems is being used in 22 states and the
District of Columbia, primarily in the eastern, midwestern and
southwestern United States. For more information, please visit
http://www.digirad.com/. Digirad(R), Digirad Imaging Solutions(R),
and Cardius(R) are registered trademarks of Digirad Corporation.
Forward-Looking Statements Statements in this press release that
are not a description of historical facts are forward looking
statements. You can identify these statements by the fact that they
do not relate strictly to historical or current facts and use words
such as "anticipate," "estimate," "expect," "project," "intend,"
"plan," "believe" and other words and terms of similar meaning.
Examples of such forward looking statements include statements
regarding cash flow, profitability, business strategy, growth
potential, and shareholder value. Actual performance, results and
benefits results may differ materially from those set forth in this
press release due to risks and uncertainties inherent in business
and economic conditions, new technology, working conditions, work
force, use of Digirad's camera systems and services, reliability,
recalls, and other risks detailed in Digirad's filings with the
U.S. Securities and Exchange Commission, including Annual Report on
Form 10-K, Quarterly Reports on Form 10-Q, Form 8-K and other
reports. Readers are cautioned to not place undue reliance on these
forward looking statements, which speak only as of the date hereof.
All forward looking statements are qualified in their entirety by
this cautionary statement, and Digirad undertakes no obligation to
revise or update the forward looking statements contained herein.
Investor Contact: Company Contact: Dan Matsui Todd Clyde, President
& CEO Allen & Caron 858-726-1600 949-474-4300 DATASOURCE:
Digirad Corporation CONTACT: Investors, Dan Matsui of Allen &
Caron, +1-949-474-4300, or Company, Todd Clyde, President & CEO
of Digirad Corporation, +1-858-726-1600, Web site:
http://www.digirad.com/
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