Adel Michael Joins E-Z-EM Board of Directors
May 08 2007 - 12:53PM
Business Wire
E-Z-EM, Inc., (AMEX:EZM) today announced that Adel Michael was
elected to its Board of Directors on May 4, 2007. Mr. Michael, 63,
is an experienced senior executive with a broad background in all
aspects of business development and management. Over a
distinguished thirty-five year career, he has held leadership
positions with global responsibilities in finance, manufacturing,
legal and IT systems, and general management. He also has extensive
expertise in strategic acquisitions and divestitures, budgeting and
planning, financial analysis and controls, profit modeling,
international business, treasury and taxes. Mr. Michael recently
served as the Vice Chairman of the Board and Chief Financial
Officer of Mentor Corporation (NYSE:MNT), a leading supplier of
Medical Aesthetics and Urology products for the global market.
Prior to Mentor he was Senior Vice President and Chief Financial
Officer of Getz Brothers and Co. Inc., San Francisco, CA. a
subsidiary of the Marmon Group Chicago, Il. Marmon is a major
international conglomerate of manufacturing and services worldwide
with annual revenues of over $7 billion and employing 40,000
employees, where Michael also served as a Corporate Controller.
Michael was the Controller of Amphenol Corporation, a subsidiary of
Allied / Signal Corporation in Toronto, Canada and Chicago, IL.
Commenting on the announcement, Paul S. Echenberg, Chairman of
E-Z-EM, Inc., said, �The election of Adel to our board is a
reflection of our desire to add new perspective and expertise to
our board. Adel brings to us a wealth of experience and knowledge
in strategic business development, and we look forward to the
benefits of his guidance.� About E-Z-EM, Inc. E-Z-EM is a leading
manufacturer of contrast agents for gastrointestinal radiology. The
Company is the developer of VoLumen�, the next generation low
density barium sulfate suspension for use as an oral contrast in
Multidetector CT (MDCT) and Positron Emission Tomography (PET/CT)
studies. The Company also offers Empower� -- the only family of CT
injectors on the market with patented EDA� technology that can help
detect contrast extravasation -- and offers a complete product set
for the virtual colonoscopy practitioner. This product line
consists of virtual colonoscopy hardware, software, nutritional
prep kits and bowel cleaners, tagging agents and a carbon dioxide
colon insufflation system. The Company is also the exclusive
world-wide manufacturer and marketer of RSDL for first-responder
organizations and military services. RSDL is a patented,
broad-spectrum liquid chemical warfare (CW) agent decontaminant,
that neutralizes or removes chemical agents from skin on contact,
leaving a non-toxic residue that can be rinsed off with water. The
statements made in this document contain certain forward-looking
statements. Words such as �expects,� �intends,� �anticipates,�
�plans,� �believes,� �seeks,� �estimates� or variations of such
words and similar expressions, are intended to identify such
forward-looking statements. The forward-looking statements
contained in this release may involve numerous risks and
uncertainties, known and unknown, beyond the Company�s control.
Such risks and uncertainties include: to develop its products,
continued market acceptance and sales of VoLumen�, future actions
by the FDA or other regulatory agencies, overall economic
conditions, general market conditions, as well as the risk factors
listed from time to time in the SEC filings of E-Z-EM, Inc.,
including but not limited to its Form 10-Q for the quarter ended
March 3, 2007 and its Annual Report on Form 10-K for the fiscal
year ended June 3, 2006. Consequently, actual future results may
differ materially from the anticipated results expressed in the
forward-looking statements, and investors are cautioned not to
place undue reliance on the forward-looking statements included in
this release.
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