CORRECTING and REPLACING Adel Michael Joins E-Z-EM Board of Directors
May 10 2007 - 10:26AM
Business Wire
Stock exchange and ticker symbol in release dated May 8, 2007
should read: (NASDAQ:EZEM). The corrected release reads: ADEL
MICHAEL JOINS E-Z-EM BOARD OF DIRECTORS E-Z-EM, Inc., (NASDAQ:EZEM)
today announced that Adel Michael was elected to its Board of
Directors on May 4, 2007. Mr. Michael, 63, is an experienced senior
executive with a broad background in all aspects of business
development and management. Over a distinguished thirty-five year
career, he has held leadership positions with global
responsibilities in finance, manufacturing, legal and IT systems,
and general management. He also has extensive expertise in
strategic acquisitions and divestitures, budgeting and planning,
financial analysis and controls, profit modeling, international
business, treasury and taxes. Mr. Michael recently served as the
Vice Chairman of the Board and Chief Financial Officer of Mentor
Corporation (NYSE:MNT), a leading supplier of Medical Aesthetics
and Urology products for the global market. Prior to Mentor he was
Senior Vice President and Chief Financial Officer of Getz Brothers
and Co. Inc., San Francisco, CA. a subsidiary of the Marmon Group
Chicago, Il. Marmon is a major international conglomerate of
manufacturing and services worldwide with annual revenues of over
$7 billion and employing 40,000 employees, where Michael also
served as a Corporate Controller. Michael was the Controller of
Amphenol Corporation, a subsidiary of Allied / Signal Corporation
in Toronto, Canada and Chicago, IL. Commenting on the announcement,
Paul S. Echenberg, Chairman of E-Z-EM, Inc., said, �The election of
Adel to our board is a reflection of our desire to add new
perspective and expertise to our board. Adel brings to us a wealth
of experience and knowledge in strategic business development, and
we look forward to the benefits of his guidance.� About E-Z-EM,
Inc. E-Z-EM is a leading manufacturer of contrast agents for
gastrointestinal radiology. The Company is the developer of
VoLumen�, the next generation low density barium sulfate suspension
for use as an oral contrast in Multidetector CT (MDCT) and Positron
Emission Tomography (PET/CT) studies. The Company also offers
Empower� -- the only family of CT injectors on the market with
patented EDA� technology that can help detect contrast
extravasation -- and offers a complete product set for the virtual
colonoscopy practitioner. This product line consists of virtual
colonoscopy hardware, software, nutritional prep kits and bowel
cleaners, tagging agents and a carbon dioxide colon insufflation
system. The Company is also the exclusive world-wide manufacturer
and marketer of RSDL for first-responder organizations and military
services. RSDL is a patented, broad-spectrum liquid chemical
warfare (CW) agent decontaminant, that neutralizes or removes
chemical agents from skin on contact, leaving a non-toxic residue
that can be rinsed off with water. The statements made in this
document contain certain forward-looking statements. Words such as
�expects,� �intends,� �anticipates,� �plans,� �believes,� �seeks,�
�estimates� or variations of such words and similar expressions,
are intended to identify such forward-looking statements. The
forward-looking statements contained in this release may involve
numerous risks and uncertainties, known and unknown, beyond the
Company�s control. Such risks and uncertainties include: to develop
its products, continued market acceptance and sales of VoLumen�,
future actions by the FDA or other regulatory agencies, overall
economic conditions, general market conditions, as well as the risk
factors listed from time to time in the SEC filings of E-Z-EM,
Inc., including but not limited to its Form 10-Q for the quarter
ended March 3, 2007 and its Annual Report on Form 10-K for the
fiscal year ended June 3, 2006. Consequently, actual future results
may differ materially from the anticipated results expressed in the
forward-looking statements, and investors are cautioned not to
place undue reliance on the forward-looking statements included in
this release.
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