Message #15 From:
NewsBot Date: August 24, 2006 07:00:00 AM
SHPI News Specialized Health Products Names David Green as Chief Financial Officer
BOUNTIFUL, Utah--(BUSINESS WIRE)--Aug. 24, 2006--Specialized Health Products International, Inc. ("SHPI") (OTCBB: SHPI), a manufacturer and marketer of proprietary safety medical devices, today announced that it has named David A. Green as Chief Financial Officer.
As CFO, Mr. Green will oversee SHPI's financial operations and manage the company's expansion strategy focused on acquisitions to increase its competitive position in both new and existing markets. Keith Merrell will continue in his role as Controller.
"Strategic acquisitions are an important part of our continued growth strategy," commented Jeff Soinski, President and CEO. "By having an executive on board with David's experience and skill set, I believe we are better positioned to uncover new opportunities and leverage our organization's talents and infrastructure across a broader business portfolio."
Mr. Green comes to SHPI from Duff & Phelps, LLC, an investment banking and financial advisory firm where he led the life sciences investment banking practice in San Francisco, California. Previously, Mr. Green was a director in Ernst & Young's Center for Strategic Transactions where he advised Silicon Valley technology and life science companies on transaction strategies for accelerating growth. Mr. Green brings more than 13 years of investment banking and financial advisory experience to SHPI. He is a graduate of the State University of New York and has an MBA degree from the University of Rochester.
About Specialized Health Products International, Inc.
Specialized Health Products International, Inc. ("SHPI") is a leading developer, manufacturer and marketer of proprietary disposable medical devices for clinician and patient safety. SHPI has developed multiple safety needle products based upon a broad intellectual property portfolio that applies to virtually all medical needles used today. SHPI manufactures and markets certain products, including three of the leading brands in the safety Huber needle market, under its own label. It licenses or supplies other products to leading manufacturers and marketers in the global disposable medical products industry, including Tyco Healthcare, Bard Access Systems, and BD Medical. In June 2006, SHPI merged with The Med-Design Corporation, another leading technology provider in the safety medical needle space. For more information about SHPI, visit the company's website at www.shpi.com.
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic conditions, risks in product and technology development, the effect of the Company's accounting policies and other risk factors detailed in the Company's SEC filings. These factors and others could cause operating results to vary significantly from those in prior periods and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission.
