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OmniCorder Technologies, Inc. Announces Executive Changes And Closing Of Financing


10/19/2005 5:12:28 PM

BOHEMIA, N.Y.--(BUSINESS WIRE)--Dec. 14, 2004--OmniCorder Technologies, Inc. (OTCBB: OMCT) today announced that its Board of Directors has engaged The Abajian Group, LLC on a full-time basis. The Abajian Group, LLC, a strategic management consulting firm that specializes in start-up companies, has been actively involved with OmniCorder as a part-time consultant since September of this year. Mark A. Fauci, OmniCorder's President and Chief Executive Officer, is no longer with the company. The Board has begun a search for a new chief executive officer. Moving forward, William D. Abajian, a full-time special consultant, will oversee its day-to-day operations, while Michael A. Davis, M.D., D.Sc. will guide the strategic direction of the company. Mr. Abajian will report directly to Dr. Davis, Chairman of the Company's Executive Committee, who has committed a portion of his time to overseeing the management of OmniCorder during this transition period.

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