Zila CEO Departs - Company Continues to Focus on Oral Cancer Screening Business
June 14 2007 - 1:46AM
Business Wire
Zila, Inc. (NASDAQ GM: ZILA), announced today that Douglas Burkett
has resigned as CEO and director of Zila, effectively immediately,
in order to pursue other interests. Frank J. Bellizzi, D.M.D., Zila
Executive Vice President and the President of its pharmaceutical
division, will expand his leadership responsibilities while the
Board addresses the CEO position. David R. Bethune, Chairman of the
Board of Zila commented, �I have great confidence in Frank�s
ability and look forward to working closely with him as we move
forward.� Mr. Bellizzi stated, "As an organization, we intend to
aggressively drive the Company to profitability and continue to
expand Zila�s leadership position in oral cancer detection.� Mr.
Bellizzi has over 15 years of experience, within and beyond the
Life Science industry, across operations, finance, strategic
business development and investment banking. He holds an MBA from
The Wharton School, a Doctorate in Dental Medicine from The
University of Pennsylvania, and a Bachelor of Science degree from
Georgetown University. Zila will file its Form 10-Q on Monday, June
18 and will conduct its quarterly conference call with investors on
Tuesday, June 19, 2007. Call-in information has been previously
provided in a separate press release. About Zila, Inc. Zila, Inc.,
headquartered in Phoenix, is a leading oral cancer diagnostic
company focused on the prevention and treatment of oral disease:
Zila is dedicated to establishing ViziLite(R) Plus as the new
standard of care within the medical community for the early
detection of oral abnormalities that could lead to cancer, with an
initial focus on the dental market through Pro-Dentec(R), a leading
designer, manufacturer and marketer of Soft Tissue Management
(STM(R)) products. Sold exclusively and directly to dental
professionals, Pro-Dentec's core products include the Rota-dent(R)
Professional Powered Brush, the Pro-Select3(R) Piezo-Ultrasonic
Scaler System and a suite of pharmaceutical STM(R) products for
both in-office and home-care use. For more information about Zila,
visit www.zila.com. Safe Harbor Statement This press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements are based
largely on Zila's expectations or forecasts of future events, can
be affected by inaccurate assumptions and are subject to various
business risks and known and unknown uncertainties, a number of
which are beyond the Company's control. Therefore, actual results
could differ materially from the forward-looking statements
contained herein. A wide variety of factors could cause or
contribute to such differences and could adversely impact revenues,
profitability, cash flows and capital needs. There can be no
assurance that the forward-looking statements contained in this
press release will, in fact, transpire or prove to be accurate, and
we disclaim any obligation to update or revise any such
forward-looking statements. For a more detailed description of
these and other cautionary factors that may affect Zila's future
results, please refer to the documents we file with the Securities
and Exchange Commission, including our Form 10-K for the fiscal
year ended July 31, 2006, our Current Report on Form 8-K filed on
December 28, 2006, and our Form 10-Q for the quarter ended January
31, 2007.
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