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ACUNETX APPOINTS SEASONED EXECUTIVE TO BOARD OF DIRECTORS
Torrance, California, December 18, 2007
TORRANCE, CA., December 18, 2007 – AcuNetx, Inc. (OTCBB: ANTX), is pleased to announce that
Mr Peter M. Miterko of Denver, Colorado has been appointed to serve as a Director on the
company’s Board. His term will begin January 1st, 2008.
Mr.Miterko brings a wealth of business experience to AcuNetx at a time when the company is
expecting significant growth. He is a partner and Executive V.P of Denver Management Advisors,
Inc. (“DMA” www.denma.com) which provides executive compensation services to a variety of businesses
with a particular emphasis in telecommunications, technology, and financial services sectors.
Peter has assisted several prominent public and private internet and technology firms as well as
leading edge private equity funds. DMA leverages its extensive experience and intellectual capital
to maximize favorable accounting, tax, and cash flow treatment of the plans it designs. It also
provides health plan cost containment consulting services to numerous public and private companies.
Previously, he was Chairman of HR Source, the largest compensation consulting and human
resources outsourcing firm in the Rocky Mountain West.
As a partner at Ernst & Young, Peter founded and ran the Human Resources Consulting Division
of the firm, and served on the firm’s U.S. Operating Committee. His client base included
numerous Fortune 500 companies, as well as several high tech and telecommunications companies.
Peter practiced law in New York City, where he also served as senior associate in compensation
and benefits at Carter, Ledyard & Milburn, a Wall Street law firm. He has also served on the
Board of the Association of Private Pension and Welfare Plans, the Washington, D.C. based
lobbying group for Fortune 500 employers, and has taught compensation and benefits law at the
University Of Denver School Of Law.
“Peter’s business insight, especially in medical sectors, will immediately be useful in
near-term company strategic planning where balance assessment and fall prevention as well as
law enforcement use of the company’s technology is quickly becoming growth sectors of opportunity”,
said Ron Waldorf, CEO of AcuNetx.
“It is a pleasure to welcome Peter to the Board of AcuNetx, Inc. His considerable experience in
Human Resources and Compensation matters will contribute very positively to the
effectiveness of the Board of Directors. I am looking forward to working with him and other
Board members to enhance shareholder value of the Company”, stated Charles Phillips,
Chairman of the Board of AcuNetx, Inc.
Mr. Miterko said “ I am pleased and excited to join the AcuNetx board, and I look forward
to helping the Company grow.”
About AcuNetx, Inc.
AcuNetx markets a diverse line of diagnostic, analytical and therapeutic tools for medical
(audiologist, neurologists, otolaryngologists and physical therapists as well as hospitals,
clinics, and extended care facilities) and law enforcement applications. AcuNetx is headquartered
in Torrance, CA.
FOR FURTHER INFORMATION CONTACT:
Name: J. Astor
G.M. Astor & Associates
Telephone: 818 788 4346
gastor@acunetx.com
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. While these statements are made to convey to the public the
company’s progress, business opportunities and growth prospects, readers are
cautioned that such forward-looking statements represent management’s
opinion. Whereas management believes such representations to be true and
accurate based on information and data available to the company at this
time, actual results may differ materially from those described. The
company’s operations and business prospects are always subject to risk and
uncertainties. Important factors that may cause actual results to differ are
set forth in the company’s periodic filings with the U.S. Securities and
Exchange Commission.
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