MIT Holding, Inc. Makes Important Company Announcement
October 20 2010 - 4:40PM
Business Wire
MIT Holding, Inc. (OTCBB: MITD) announces it has accepted the
resignation of John Sabia as CFO and Board Member for MIT. Mr.
Sabia will continue to work for the company in other assigned areas
already under his direction. MIT Holding, Inc.’s newly elected
Co-Chairman and Co-President, Walter H.C. Drakeford is named as the
new CFO and Director on the board issued the following statement,
“MIT Holding, Inc. is very grateful for Mr. Sabia’s commitment to
the company and his continued service to other important areas he
is currently assigned to.” MIT’s Co-Chairman and Co-President,
William Parker adds, “John’s presence is an important part of MIT’s
management team and continues to be a vital asset to MIT’s total
commitment to the entire family of MIT companies.”
About MIT Holding, Inc.
MIT Holding, Inc. (MIT) is a holding company. The Company,
through its three wholly owned subsidiaries, distributes wholesale
pharmaceuticals, administers intravenous infusions, operates an
ambulatory center where therapies are administered, and sells and
rents home medical equipment. The Company’s subsidiaries include
MIT International Distribution, Inc. (MIT International), Medical
Infusion Technologies, Inc. (Infusion), and MIT Ambulatory Care
Center, Inc. (Ambulatory). The Company has four principal operating
segments: Medical Infusion Technologies (MIT), MIT Wholesale
(Wholesale), Durable Medical Equipment (DME) and MIT Ambulatory
Care Center (Ambulatory Care). More information can be found at
www.mitholdinginc.com.
FORWARD-LOOKING STATEMENTS
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including, but not limited to, statements regarding MIT's products
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expectations and beliefs of management and are subject to certain
risks and uncertainties that could cause actual results to differ
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risks and uncertainties discussed in MIT's filings with the
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