Healthcare Industry News: Safety-Sponge
News Release - March 9, 2007
Patient Safety Technologies Appoints Bill Adams President of CompanyLOS ANGELES--(HSMN NewsFeed)--Patient Safety Technologies, Inc. (PST) (OTCBB:PSTX ) announced today that Bill Adams, Chairman and CEO of the company's wholly owned SurgiCount Medical subsidiary, has been named President of PST.
"Under Bill Adams' capable direction, the SurgiCount team is moving ahead aggressively to establish the Safety-Sponge(TM) System as the standard of care in the healthcare industry. With PST's sole focus of health care and patient safety medical devices, Mr. Adams' appointment as President of PST not only demonstrates the cohesive nature and structure of PST and SurgiCount, but is a testament to Mr. Adams' dedication, hard work, and success," said Arnold Spangler, Chairman of PST.
Mr. Adams has over twenty-five years of experience working with healthcare providers and distributors in marketing and selling new products, including prepackaged surgical kits. Mr. Adams has been actively involved in the design and development of the Safety-Sponge System for several years and was instrumental in solidifying SurgiCount's national distribution and manufacturing agreements.
"We believe the Safety-Sponge System is significantly improving perioperative nurse practices related to sponge counting, and by extension improving patient safety with an exponential leap forward," said Bill Adams, President of PST. "As more leading clinical institutions adopt the Safety-Sponge System, we expect it to become the standard of care in the industry, replacing the current manual counting method in the operating room with modern technology in the mission critical task of tracking surgical sponges."
Continuing with PST's previously announced restructuring plan to consolidate and streamline the companies, the Company will be relocating its corporate headquarters from Los Angeles to the offices of SurgiCount Medical in Temecula, California.
About SurgiCount Medical, Inc.
SurgiCount Medical, Inc. is a developer and manufacturer of patient safety products and services. The SurgiCount Safety-Sponge(TM) System is a patented turn-key array of modified surgical sponges, line-of-sight scanning SurgiCounters, and printPAD printers integrated together to form a comprehensive counting and documentation system. The Safety-Sponge System works much like a grocery store checkout process: Every surgical sponge and towel is affixed with a unique inseparable two-dimensional data matrix bar code and used with a SurgiCounter to scan and record the sponges during the initial and final counts. Because each sponge is identified with a unique code, a SurgiCounter will not allow the same sponge to be accidentally counted more than one time. When counts have been completed at the end of a procedure, the system will produce a printed report, or can be modified to work with a hospital's paperless system. The Safety-Sponge System is the only FDA 510k approved computer assisted sponge counting system. For more information, please contact SurgiCount at (951) 587-6201, or visit www.surgicountmedical.com.
About Patient Safety Technologies
Patient Safety Technologies, Inc. focuses on the acquisition of controlling interests in companies and the research and development of products and services in the health care and medical products field, particularly the patient safety markets. Its wholly-owned subsidiary, SurgiCount Medical, Inc., is a developer and manufacturer of patient safety products and services. For more information, please contact PST at 310-895-7750, by email at email@example.com or by visiting us at www.patientsafetytechnologies.com.
This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Patient Safety Technologies plans, expects, should, believes, anticipates or words of similar import. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and quarterly reports on Form 10-Q. These forward-looking statements are only made as of the date of this press release and Patient Safety Technologies does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Source: Patient Safety Technologies
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