Bridgetech Holdings International Announces New Leadership
SOLANA BEACH, Calif., June 2 /PRNewswire-FirstCall/ -- Bridgetech Holdings International, Inc. , a company focused on maximizing the potential of emerging healthcare products and services in the U.S. and Asian markets, today announced the appointment of a new senior management team responsible for capitalizing on the Company's numerous opportunities for growth. The new executives include Michael Chermak, (46), President and CEO, Thomas C. Kuhn III, (42) EVP and Chief Financial Officer and Derek Cahill, (34) Chief Information Officer. All three executives bring significant operating experience in their respective areas of expertise to Bridgetech.
Mr. Chermak has established several successful healthcare start-up companies and was most recently President and CEO of Retail Pilot, Inc., a privately held concern that was acquired by Bridgetech in March, 2005. Mr. Chermak was the founder and CEO of Healthdemographics, Inc., a privately held company in the information and decision support business that was sold in 1997 to Medirisk. In 1998, Mr. Chermak co-founded Medibuy.com, an Internet healthcare supply company, which was later sold to GHX. Mr. Chermak is a member of several boards.
Mr. Kuhn has more than 21 years of financial experience and is a certified public accountant. He has served as the CFO of Caredata, Inc., a public company, as well as several startup entities. Mr. Kuhn has extensive acquisition and strategic partnership expertise. Throughout his 20 year career, Mr. Kuhn has also worked for First Data Corporation, First Financial Management Corporation and served as a public accountant with Ernst and Young.
Mr. Cahill joined Bridgetech after serving as CTO of Medibuy.com and Vice President of Product Development for Caredata. He has extensive experience designing, developing and integrating supply chain based products and applications. Mr. Cahill's previous experience includes serving as Vice President of Product Development and Marketing for eByz.com and CommerceScout.com, developing business-to-business applications and integrated information systems for the accounting and electronic component industries. He has received industry awards and recognitions including: Webmaster of the Year in E-Commerce (1999), Gold Honors for Best Healthcare Portal Site (1999), Managing Automation Top 25 emerging technologies (2000) and iSource Top 100 solutions of 2001 (2001).
"A deep and experienced management team is critical to the successful execution of our strategic plan to build a high growth company focused on emerging healthcare markets in both the U.S. and Asia," said Herbert Wong, Chairman of the Board of Bridgetech Holdings International. "Michael, Thomas and Derek bring to Bridgetech both strong industry experience and proven track records and I look forward to working with them in the pursuit of our goals."
About Bridgetech Holdings International, Inc.
Bridgetech is leveraging its extensive network of relationships in China and the U.S. to capitalize on proprietary opportunities in high growth segments of the healthcare industry. Bridgetech is expanding its U.S. operations by adding products and services that have the highest probability for incremental success in China. In addition to the China healthcare market, Bridgetech is focusing on the areas of medical imaging and non-invasive surgery, nurse recruitment and training, and hospital asset management.
Statements contained in this press release that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of Bridgetech. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. Investors are cautioned not to place any undue reliance on any forward-looking statements.
Investor Relations: Redwood Consultants, LLC 415-884-0348 Media: EVC Group, Inc. Steve DiMattia 917-620-0590 Approved by: Bridgetech Holdings International, Inc. Thomas C. Kuhn III 678-428-3507Bridgetech Holdings International, Inc.
CONTACT: Investor Relations, Redwood Consultants, LLC, +1-415-884-0348; orMedia, Steve DiMattia of EVC Group, Inc., +1-917-620-0590, both forBridgetech Holdings International, Inc.; or Thomas C. Kuhn III ofBridgetech Holdings International, Inc., +1-678-428-3507