QUEBEC CITY, Oct. 5 /CNW/ - As part of its efforts to strengthen its
management team and maximize marketing efforts, the Board of Directors of
Medical Intelligence Technologies (TSX-V: MIZ) is pleased to announce the
following appointments: Mr. Philippe Huneault is named to the position of
President and Chief Executive Officer; Mr. Louis Massicotte to Founder and
Product Manager; and Mr. Jean-Pierre Philippe to President of Medical Mobile,
the Company's French subsidiary. These appointments will enable the Company to
be better positioned to meet its current challenges of marketing the Columba,
a GPS bracelet intended to prevent wandering by Alzheimer's patients, and
Urgentys, a GPS mobile panic button, in a number of domestic markets.
Mr. Huneault, a member of the Company's Board of Directors since June
2006, will assume the role of President and Chief Executive Officer of Medical
Intelligence and will focus exclusively on the supervision of the parent
Mr. Huneault has worked mainly in the field of international
telecommunications. He has held various senior positions, including Vice
President Strategic Opportunities at Telesystem International Wireless, where
he played a leading role in the development of business opportunities in
European markets. His experience in Quebec and elsewhere in Canada as former
Co-President of Echo Capital, a venture capital firm that he co-founded, will
also be of great benefit to Medical Intelligence.
"Mr. Huneault's vast knowledge of these markets and his expertise in
developing partnerships in the telecommunications industry will be highly
beneficial to the Company," noted Mr. Louis Massicotte, the Company's Founder
and former CEO.
Mr. Massicotte will continue to serve as President of the wholly owned
subsidiaries of Medical Intelligence based in Spain and the United Kingdom,
which operate under the Medical Mobile banner. To more effectively devote his
attention on the next-generation Columba bracelet, Mr. Massicotte will return
to his initial role as Product Manager. He will continue to serve on the
Company's Board of Directors and will continue to oversee public
Mr. Jean-Pierre Philippe will now head Medical Mobile, the Company's
French subsidiary. Most recently, Mr. Philippe was Corporate Secretary at the
aeronautics giant EADS (creator of the Airbus and a number of security
products), and was previously President of EADS Telecom. Mr. Philippe has a
thorough understanding of the inner workings of the French government as well
as expertise in the commercialization of state-of-the-art technologies.
"The appointment of Mr. Philippe Huneault to President and CEO will
enable the Company to more effectively structure its growth, while also
helping increase stakeholder value," declared Louis Massicotte, Founder of
Medical Intelligence. "Mr. Huneault will be an invaluable asset to our
executive team; his understanding of our Company and management skills are
ideal to maximize our Company's growth. We believe having a manager of Mr.
Philippe's caliber take over as President of Medical Mobile will help
accelerate the marketing process for our products in France, particularly in
the government and institutional sectors," concluded Mr. Massicotte.
"Now that our French and Spanish operations are up and running, our focus
is on achieving a single objective: generate sales and increase subscriber
revenues and profitability," stated Mr. Huneault, President and Chief
Executive Officer of Medical Intelligence. "We look forward to undertaking
this exceptional challenge. We believe the team we have in place possesses all
the skills and experience required to make our business plan a reality in a
rapidly growing sector."
About Medical Intelligence Technologies
Medical Intelligence is the early innovator in the personal telesecurity
industry, integrating information and telecommunications technologies to the
healthcare sector. The firm designs portable medical devices for the benefit
of people having health or safety concerns. Based in Quebec City, the Company
also has subsidiaries in France, Spain and the United Kingdom (Medical Mobile)
where it commercializes the Columba, a GPS bracelet designed to prevent
Alzheimer wandering. For further information, visit www.medicalintelligence.ca
Any statement in this press release that does not relate directly and
exclusively to historical facts can be considered a forward-looking statement.
Such statements reflect the intentions, plans, expectations and beliefs of
Medical Intelligence Technologies, and are subject to risks, uncertainties and
other factors that are largely beyond the Company's control, to the extent
that actual results may differ significantly from those contemplated by such
statements. Medical Intelligence Technologies neither intends nor is required
to update or revise such forward-looking statements based on new information
or future events, or for any other reason.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Information: Quebec: Jean Brouillard
Communication, (418) 682-6111, firstname.lastname@example.org; Montreal: Johanne Lépine,
Media Relations, Torchia Communications, (514) 288-8290, ext. 234,
email@example.com; Investor relations: Eric Bouchard, The Equicom Group
Inc., (514) 844-7997, firstname.lastname@example.org