Saliva Diagnostic Systems Announces New CEO
April 12 2005 - 10:33AM
PR Newswire (US)
Saliva Diagnostic Systems Announces New CEO Steve Peltzman to Lead
Next Phase of Company's Growth NEW YORK, April 12
/PRNewswire-FirstCall/ -- Saliva Diagnostics Systems, Inc.
(OTC:SVAD) (BULLETIN BOARD: SVAD) is pleased to announce the
appointment of Mr. Steve Peltzman as CEO, effective March 25, 2005.
Mr. Peltzman has been working closely with the Company as a
consultant for the last 6 months. Mr. Peltzman has more than thirty
years of business experience in technology-based, health-care
companies. In 1984, he helped start and served as President and CEO
of Applied bioTechnology, Inc. whose cancer business was sold to
OSI Pharmaceuticals in 1991, when he became Chief Operating Officer
of the consolidated entity; from 1994 through 1997 he served as
President and COO of OSIP and remained on its Board of Directors
through 1999. From 1980 to 1984, Mr. Peltzman held senior executive
positions with Millipore and for ten years preceding that was with
Corning Glass Works' Medical diagnostic and device businesses.
During the past several years he has been active in several small
health care and technology start-ups as their interim CEO or COO or
in an advisory capacity to their Boards of Directors. Mr. Peltzman
stated his reasons for joining the firm: "SDS is poised to become a
key player in the embryonic, point-of-care, rapid testing market,
targeting sexually transmitted and other important infectious
diseases. The need to accurately, inexpensively, safely and quickly
identify millions of infected individuals throughout the globe is a
critical first step in cost effectively dealing with the
devastating consequences of HIV, hepatitis and a myriad of other
pathogens. SDS's proprietary format for rapid testing appears to be
an ideal fit to commercially solve certain of these problems that
seriously impact our public health systems and world economies."
About Saliva Diagnostic Systems (SDS) Saliva Diagnostic Systems
manufactures and markets a patented rapid point of care testing
device for infectious diseases, as well as oral fluid specimen
collection devices using a patented volume adequacy indicator for
drugs of abuse testing and other clinical uses. These products are
sold in the United States as well as internationally to various
distributors for use in clinical laboratories, hospitals, clinics,
community-based organizations and other public health
organizations. Please visit our website at http://www.salv.com/
FORWARD-LOOKING STATEMENTS Statements contained herein that are not
historical facts are forward-looking statements within the meaning
of the Securities Act of 1933, as amended. Those statements include
statements regarding the intent, belief or current expectations of
the Company and its management. Such statements reflect
management's current views, are based on certain assumptions and
involve risks and uncertainties. Actual results, events, or
performance may differ materially from the above forward-looking
statements due to a number of important factors, and will be
dependent upon a variety of factors, including, but not limited to,
the Company's ability to obtain additional financing and the demand
for the Company's products. The Company undertakes no obligation to
publicly update these forward-looking statements to reflect events
or circumstances that occur after the date hereof or to reflect any
change in the Company's expectations with regard to these
forward-looking statements or the occurrence of unanticipated
events. Factors that may impact the Company's success are more
fully disclosed in the Company's most recent public filings with
the U.S. Securities and Exchange Commission ("SEC"). DATASOURCE:
Saliva Diagnostics Systems, Inc. CONTACT: Investor Relations,
Saliva Diagnostics Systems, Inc., +1-508-655-0991 Web site:
http://www.salv.com/
Copyright