Press Releases
Performance Health Technologies Announces New CEO
Boulder, Colorado (March 7, 2006)BOULDER, CO (7 MARCH 2006) – Performance Health Technologies Inc. (PHT), a leader in the development and marketing of innovative products that guide and monitor exercise, is pleased to announce the appointment of Robert D. Prunetti as President and Chief Executive Officer. As CEO, Mr. Prunetti will be responsible for all strategic and operational activities at PHT. Mr. Prunetti was previously the Executive Vice President of Strategic Development for the company. Roger G. Harrison, who has served as a member of the Board of Directors since January 2005, has been elected Chairman of the Board. Marc R. Silverman, the Company's co-founder and previous President and CEO, has been elected Vice Chairman of the Board. Mr. Silverman will provide ongoing strategic guidance and pursue strategic partnerships in his new role.
Mr. Prunetti has served as a director since January 2005. He is also Principal Partner of Phoenix Ventures, a business development and public relations consulting firm. Mr. Prunetti has extensive experience in government, consulting and management. His leadership will bring enthusiasm and vision to PHT.
“I’m very excited about becoming a more engaged member of the team at PHT. We will accomplish great things, and I look forward to guiding the future of the company,” says Bob Prunetti, President and CEO.
“PHT will benefit tremendously from Bob’s management experience and capability.” says Marc Silverman, Vice Chairman of the Board. “I am looking forward to working with him in our new capacities.”
"I believe the company is entering a new and very positive phase in its development. We are on track to becoming a reporting company in the near future and, with our new product for aiding in stroke rehabilitation launched in January of this year, I am confident we are establishing a solid foundation for future growth. I also want to thank the company co-founder and previous board chairman, Dr. Mellman, for his commitment and inspiration to the company in the past and look forward to working with him and the other board members in the future", states Roger Harrison, Chairman.
About Robert Prunetti
Mr. Prunetti was sworn in as Mercer County Executive on January 1, 1992 and served three terms, concluding his tenure December 2003. In his nearly two decades of public service, he has served in a number of capacities, including Mercer County Budget Director, Director of Policy and Planning for the New Jersey Department of Human Services, Hopewell Township Administrator and Mercer County Freeholder. As County Executive, he concentrated his efforts on strengthening Mercer County’s economy, revitalizing New Jersey’s capital city. Some of his accomplishments are developing Mercer County Waterfront Park, Sovereign Bank Arena, Mercer County Open Space Preservation Trust Fund, and the establishment of a free trade Zone and International Trade Center located at Trenton-Mercer Airport. Mr. Prunetti is a graduate of the College of New Jersey and New York University.
About Roger Harrison
Dr Harrison has over 30 years of experience in the pharmaceutical industry. He received a PhD in Organic Chemistry from the University of Leeds, in England in 1971, and then conducted postdoctoral research at the University of Zurich in Switzerland. He joined Eli Lilly and Company in the United Kingdom in 1972 as a medicinal research scientist, subsequently transitioning into management, where he became responsible for research, product development, and regulatory affairs. In 1984 he moved to the headquarters of Lilly in Indianapolis, and remained with the company until early 2001. Some of the assignments held by Dr. Harrison in the United States were head of pharmaceutical research, director of organic and physical chemistry research, director of biochemistry research, director of infectious disease research, director of formulation development and technology planning, director of development projects management, global product team leader, and director of alliance management. Dr. Harrison became CEO and President, and member of the board, of Antares Pharma, a publicly traded specialty pharmaceutical company in 2001, and led the company through development of successful partnering programs and fund raising before leaving in September 2004. He has numerous publications and patents in diverse fields and has co-authored four books. He is recognized as knowledgeable in most areas of pharmaceutical research, product development, regulatory affairs, and development of medical devices.
About Performance Health Technologies, Inc.
Performance Health Technologies develops and markets products that help consumers feel better and more physically fit. Additional information can be obtained by calling the company headquarters in Boulder, Colorado, 303-527-0600; and through the company website www.performancehealth.com.
Safe Harbor for Forward-Looking Statements
The foregoing contains “forward-looking statements,” which are based on management’s beliefs, as well as on a number of assumptions concerning future events and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Performance Health’s control that could cause actual results to differ materially from such statements. Performance Health disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
