Advanced BioMedical Technologies Inc. Announces Formation of Advisory Board
26 Mai 2011 - 6:29PM
Marketwired
Advanced BioMedical Technologies Inc. (OTCQB: ABMT) (PINKSHEETS:
ABMT), developer and manufacturer of orthopaedic internal fixation
devices, is pleased to announce the formation of its advisory
board. The Board will be comprised of John R. Harrington Jr.,
Lamont Woody, Donald Varshine and Frank Pelaia. The Board will
advise the Company regarding its business direction and investor
relations.
John R. Harrington Jr., chairman of the advisory board, has 45
years experience in the banking industry. His experience has
included being Chief Investment Officer, Vice President, Senior
Trust Officer and Department Manager. Mr. Harrington was also the
Chairman of the Board of a publicly traded manufacturing company
with operations in the United Kingdom, France, China and the United
States. He was the founder of Harrington Capital Management, a
private investment company responsible for analyzing investment
portfolios. Mr. Harrington is currently serving as Senior
Management Director of Arista Capital Management, LLC, with
responsibilities for operations. He also acts as Board Member on
various not-for-profit organizations and currently a member of the
Finance Committee of the Irish American Heritage Centre in
Chicago.
Lamont Woody is a Principal at The Laconia Group, a team of
national security experts with experience spanning the breadth of
the defence, intelligence, homeland security, and law enforcement
communities, including the defence contracting industry. Mr. Woody
has served in leadership positions in the USAF and US Army,
culminating as an Army Colonel, serving as the Deputy Director in
the Counter IED Operations Integration Center, Joint IED Defeat
Organization. He understands operational information and logistics
integration ranging from military Special Operations rapid
insertion to conventional peacekeeping and national
recapitalization. He has trained, equipped, and led military
support missions to Iraq, Afghanistan, Bosnia, Cuba, Cambodia,
Panama, and Somalia. He knows how to successfully build enduring,
adaptable, and innovative organizations from the bottom up. Mr.
Woody holds masters degrees in National Security Strategy,
Education, and Military Arts and Sciences.
Donald Varshine is the former president of a top 100 logistics
company in the U.S. Mr. Varshine was appointed chairperson of
American Lighting Logistics Group, a national association within
the lighting industry. He represented ALA as their national
spokesperson at the National Motor Freight Traffic Group Hearings
in Washington D.C. In addition, he has spoken at National Industry
Trade Conference on the "Competitive Position of Logistics." He has
high visibility in the logistics industry setting up distribution
networks for companies like Genlyte Thomas, Thomas & Betts, and
H. J. Heinz. His background in this area is a major asset to the
Company. Mr. Varshine has also sat on numerous boards and is the
former executive board member of the National Association of Small
Shippers Traffic Conference.
Frank Pelaia is a former President of Francor Enterprises LLC.
His positions included regional sales manager for Fel Pro Inc,
national presenter in automotive aftermarket industry and held
sales management positions with Lockwook-Abriola Inc, and manager
for J.C. Penny Co and Pittsburgh National Bank. Mr. Pelaia has set
on numerous advisory boards throughout his 33 year military career
serving as a US Army Officer. Mr. Pelaia is also a former executive
board member of Integrated Logistics.
ABT hopes to make further announcements about the formation of
its Scientific Advisory Board in this quarter.
About Advanced Biomedical Technologies Inc. (OTCQB: ABMT)
Advanced Biomedical Technologies, Inc. is a revolutionary new
biotech company. The company's primary product line includes
internal fixation devices consisting of high grade polymers
(polyamide - "PA") which allow the body to degrade the products
during the healing process. During that healing process, these
products also stimulate new bone growth that replaces the degrading
device and leaves newer, stronger bone in the exact location of the
injury; thus making the site of the injury stronger and more
resistant to recurring damage. These products provide an
alternative to metal implants and overcome the limitations of other
re-absorbable fixation devices.
The products and materials that the Company has created differ
from existing products (titanium/stainless steel) being marketed
today by:
- the ability to control the speed that the device degrades;
therefore improving upon the healing time.
- eliminating the need for a second surgery to replace device due
to infection or other post-operative complications.
- the capability of being evenly absorbed from outer layer
inwards, so that it gives enough restoration time for bone healing
and re-growth.
Forward-Looking Statements
This release contains forward-looking statements which are made
pursuant to provisions of Section 21E of the Securities Exchange
Act of 1934. Investors are cautioned that such statements in this
release, including statements relating to regulatory and business
strategies, plans and objectives of management and growth
opportunities for existing or proposed products, constitute
forward-looking statements which involve risks and uncertainties
that could cause actual results to differ materially from those
anticipated by the forward-looking statements. The risks and
uncertainties include, without limitation, risks that product
candidates may fail in the clinic or may not be successfully
marketed or manufactured, we may lack financial resources to
complete development or marketing of our products, government
regulatory agencies may interpret the results of studies
differently than us, competing products may be more successful,
demand for new pharmaceutical products may decrease, the
biopharmaceutical industry may experience negative market trends,
our continuing efforts to develop bone fixation devices may be
unsuccessful, our common stock could be delisted from the
over-the-counter market, and other risks and challenges detailed in
our filings with the U.S. Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on any
forward-looking statements which speak only as of the date of this
release. We undertake no obligation to publicly release the results
of any revisions to these forward-looking statements that may be
made to reflect events or circumstances that occur after the date
of this release or to reflect the occurrence of unanticipated
events.
Contact: CHIMING YU TEL: 718-766-7898 EMAIL:
info@abtbiomedical.com
Advanced BioMedical Tech... (CE) (USOTC:ABMT)
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