Langer, Inc. Announces Appointment of Chief Financial Officer
September 18 2006 - 5:23PM
PR Newswire (US)
DEER PARK, N.Y., Sept. 18 /PRNewswire-FirstCall/ -- Langer, Inc.
(Nasdaq: GAIT; "Langer" or the "Company") today announced the
appointment of Ms. Sara Cormack as Vice President and Chief
Financial Officer effective immediately. Ms. Cormack began her
career as an accountant at Deloitte & Touche and joins Langer
from PG&E Corporation in San Francisco where she served in a
variety of accounting and finance roles over a five-year period,
ending as the Director of Management Reporting at Pacific Gas and
Electric Company, a utility company subsidiary of PG&E
Corporation. Mr. Gray Hudkins, the Company's President and CEO
commented, "We are very pleased to welcome Sara to our team. She
brings a wide range of experience to this position, including
accounting and audit experience, responsibility for corporate and
SEC reporting matters, responsibility for business planning and
operational finance support, as well as experience in leading
finance teams through transformational programs designed to adapt
to growing and changing operational requirements. As we continue to
rebuild our core business and look externally for growth
opportunities, we believe Sara's combination of talents and
experiences will be an asset to our Company and we are excited to
have her aboard." Ms. Cormack received her Bachelor of Arts in
International Relations from Stanford University in 1991 and her
Masters of Business Administration from Stanford's Graduate School
of Business in 1996. Langer also announced the resignation of Mr.
Joseph Ciavarella, its Vice President and Chief Financial Officer.
Mr. Hudkins continued, "We wish Joe success in his future endeavors
and note that he has agreed to remain with the company through a
transition period." Langer, Inc., together with its wholly owned
subsidiary Silipos, Inc., designs, manufactures and distributes
high quality medical products targeting the orthopedic, orthotic
and prosthetic markets. In addition, the Company offers a diverse
line of skincare products for the medical and therapeutic markets.
The Company sells its products primarily in the U.S. and Canada as
well as in more than 30 other countries to national, regional,
international and independent medical distributors and directly to
healthcare professionals. Langer is based in Deer Park, New York,
and has additional manufacturing facilities in Niagara Falls, New
York, Anaheim, California, Montreal, Canada, Stoke-on-Trent, UK as
well as sales and marketing offices in Ontario, Canada and New
York, New York. Certain matters discussed in this press release
constitute forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially
from those projected. The Company may use words such as
"anticipates," "believes," "plans," "expects," "intends," "future"
and similar expressions to identify forward-looking statements.
These risks and uncertainties are described in the Company's
filings with the Securities and Exchange Commission, including the
Company's 2005 Form 10-K, 2006 Proxy Statement for the Annual
Meeting of Stockholders, and recently filed Form 10-Qs and Form
8-Ks. DATASOURCE: Langer, Inc. CONTACT: W. Gray Hudkins, President
and CEO of Langer, Inc., +1-212-687-3260 Web site:
http://www.langerinc.com/
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