Langer, Inc. Announces Resignation of Chief Financial Officer
December 05 2006 - 9:12AM
PR Newswire (US)
DEER PARK, N.Y., Dec. 5 /PRNewswire-FirstCall/ -- Langer, Inc.
(Nasdaq: GAIT, "Langer" or the "Company") today announced the
resignation of Ms. Sara Cormack as Vice President and Chief
Financial Officer, effective immediately. Ms. Cormack resigned for
personal reasons but has agreed to remain with the Company through
January 5th for a transition period. The Company has retained CMF
Associates, of Berwyn, PA to assist in its financial operations
while it conducts a search for a permanent Chief Financial Officer.
Langer has also retained Heidrick & Struggles to assist the
Company in identifying a permanent Chief Financial Officer. Gray
Hudkins, the Company's President and CEO commented, "On the back of
the previously announced Twincraft transaction, we look forward to
working to bring in a Chief Financial Officer with the skill set
appropriate for the position who can assist the company and provide
financial leadership as we continue the execution of our business
strategy." 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/
Copyright