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VOLUME 1, ISSUE 4 |
FALL 2007 |
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SUBJECTS
OF INTEREST INSIDE THIS
ISSUE __________________ |
VisioNetx Taps Former Chairman of BI Inc. for Key Management Slot |
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continued... INTELLINETX EXPANDS SALES FORCE In a move calculated to significantly increase revenues and bolster profits, IntelliNetx has begun recruiting independent sales reps (i.e. manufacturer's reps) in key markets to call on doctors. To date, the company has appointed eight rep firms and expanded distribution of its branded products to include twenty states and five countries. According to Jerry Astor, Director of Sales and Marketing "By year's end we expect to have a presence in at least thirty-eight states." |
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Governmental findings indicate 1
in 12 Americans use drugs in the workplace. The cost to the nation
resulting from lower productivity and injury runs into the billions
of dollars annually |
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David Hunter is nothing if not a man of vision and daring. In the course of a career that stretches over thirty-five years he has repeatedly built and successfully run companies and organizations in both the public and private sectors. Most recently, Dave served as Chairman of BI Inc., a publicly traded company that he had grown into an industry blockbuster with sales approaching $100 million and more than 1000 employees. Dave learned of VisioNetx efforts to develop what is arguably the world's first fully automated system for detecting worker impairment in real-time only recently, viewing it as a potential investment opportunity. Over the space of several weeks Dave met with members of VisioNetx's Board in an effort to acquaint himself with the company. Impressed by Dave's insights and wide ranging experience, VisioNetx's Board offered Dave the position of CEO. Dave brings to the job a vast store of knowledge and experience. Having built one of the most successful companies of its kind, he clearly understands what it takes to succeed. According to Ron Waldorf, CEO and president of AcuNetx, "I am pleased and proud that Dave saw his way to join VisioNetx. I have no doubt that under his leadership the company will grow and prosper." VISIONETX NAMES CFO AND COO VisioNetx's Board announced that it had hired Collis Woodward to be CFO and appointed Doug MacCarthy, formerly VP of Operations of OrthoNetx (a division of AcuNetx) to be the company's new COO. Collis comes to VisioNetx from encryptX Corporation, a security software company. Prior to joining encryptX, he served as CFO of a venture capital-backed internet company. Collis is a CPA and holds a BS in Engineering from UCLA. [continued next column] |
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NEW LEASING PROGRAM ROLLED OUT Working closely with one of the nation's leading lessors, IntelliNetx rolled-out a leasing program offering buyers an opportunity to own a VNG or balance/rehab system (MSRP-$21,000 - $57,000), for as little as $700 per month. The program, built around a 6.9% APR, is an industry first and is expected to boost sales in the months ahead. |
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