Card Activation Technologies, Inc. Announces Appointment of New Board Member and Removal of Two Existing Board Members
29 1월 2009 - 9:30PM
PR Newswire (US)
HENDERSON, Nev., Jan. 29 /PRNewswire-FirstCall/ -- Card Activation
Technologies (OTC:CDVT) (BULLETIN BOARD: CDVT) January 27, 2009
Michael DeLaGarza was appointed President and Director of the
Corporation, Card Activation Technologies, Inc. Therefore in
accordance with the By-Laws of the Corporation, Michael DeLaGarza
is also Chief Executive Officer of the Corporation. January 27,
2009 William P. Williams resigned as the Chairman, Director,
Principle Accountant, and Chief Executive Officer, Michael Malet
resigned as the Director and Executive Vice President of the
Corporation and Eva Williams resigned as the Secretary and
Treasurer of the Corporation. Michael DeLaGarza's biography is as
follows: Michael DeLaGarza is a health care executive with over 20
years of experience. His experiences have been most recently in
acute care hospitals serving in CIO/CTO. Mr. DeLaGarza has been the
CEO of Absolute Medical Software Systems, LLC and PayMed USA, LLC
since 2001 through the present, for the past seven (7) years
serving as CEO and President. His experience is also complimented
by serving as CEO and administrator of a chain of diagnostic
imaging centers in Texas and surrounding states since 2005. He has
been employed as a healthcare consultant for both profit and not
for profit health care facilities. Mr. DeLaGarza has a thorough
understanding of all aspects of operations including the financial
and physician side of the health care environment. He has served as
CEO and founder of five accidents and injury physician clinic
comprised of over 15 physicians. Other unique features in his
career include serving in a position of Director of Business
Development for a large medical billing company. He has also been
involved in "certificate of need" review processes and community
health planning for the diagnostic imaging centers. Mr. DeLaGarza
has developed and operated his own consulting firm. The focus of
his consulting activities was on hospitals and physician practice
development. The consulting areas included regulatory compliance,
physician practice auditing, feasibility studies for imaging
facilities and insurance billing and collection auditing. Mr.
DeLaGarza has a technology degree from Danforth College in Texas
City, Texas as well as attending South West Texas State College in
San Marcos, Texas. About Card Activation Technologies Card
Activation Technologies, Inc. is a Chicago-based company that owns
proprietary patented payment transaction technology used for
processing gift cards, phone cards and other debit purchase
transactions. The company is actively seeking to license its
technology to the thousands of current users and believes that many
retailers, gas stations, phone companies and others that utilize
those stored value cards, such as gift and debit, infringe its
patent. As a result, the company is aggressively pursuing
litigation against these infringements. The Federal Reserve Bank of
Philadelphia estimated prepaid card market to be valued in excess
of $181.7 billion in transactions in 2006. According to market
forecasts, the prepaid industry will grow to $421.5 Billion by
2010. For further information about Card Activation Technologies go
to. http://www.cardactivationtech.com/ MedCom USA Inc. (OTC
Bulletin Board: EMED) is a majority shareholder in Card Activation
Technologies Inc. http://www.medcomusa.com/. Certain statements in
this press release that are not historical facts are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements may be
identified by the use of words such as "anticipate," "believe,"
"expect," "future," "may," "will," "would," "should," "plan,"
"projected," "intend," and similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Card Activation Technologies, Inc.
(the Company) to be materially different from those expressed or
implied by such forward-looking statements. The Company's future
operating results are dependent upon many factors, including but
not limited to the Company's ability to: (i) defend its patent;
(ii) build the management and human resources and infrastructure
necessary to support the growth of its business; (iii) competitive
factors and developments beyond the Company's control; and (iv)
other risk factors discussed in the Company's periodic filings with
the Securities and Exchange Commission, which are available for
review at http://www.sec.gov/ under "Search for Company Filings."
Contacts for Card Activation Technologies Inc. DATASOURCE: Card
Activation Technologies, Inc. CONTACT: William Lane,
+1-602-740-9999, for Card Activation Technologies Inc. Web Site:
http://www.cardactivationtech.com/
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