Applied Imaging Names New Corporate Vice President and CFO
02 März 2005 - 10:05PM
PR Newswire (US)
Applied Imaging Names New Corporate Vice President and CFO *
Terence J. Griffin Appointed as Company's New Chief Financial
Officer SAN JOSE, Calif., March 2 /PRNewswire-FirstCall/ -- Applied
Imaging Corp. (NASDAQ:AICXE) today announced that it has appointed
Terence J. Griffin as the Company's new Chief Financial Officer
(CFO) effective March 1, 2005. Mr. Griffin's appointment concludes
a search that began when Barry Hotchkies, the former CFO, left in
September 2004 to pursue other professional interests. "I am
delighted that Terry has joined the Applied Imaging team at this
important stage in the Company's development," said Robin Stracey,
Applied Imaging's President and Chief Executive Officer. "Terry has
developed a deep understanding of our business through working
closely with our Audit Committee as a consultant and advisor over
the last several months. That understanding, coupled with his
technical expertise and public company experience will be a
tremendous asset going forward." "I look forward to working with
Robin and the Applied Imaging team to build on the accomplishments
of the past," commented Terry Griffin. "The Company's development
of a system for quantification and characterization of circulating
tumor cells in the blood of cancer patients, built around its
flagship Ariol(R) scanning workstation, is particularly exciting."
Prior to joining Applied Imaging, Mr. Griffin held numerous
executive- level positions with medical technology, software, and
semiconductor companies. Mr. Griffin's most recent position was as
CFO and Secretary at Symphonix Devices, Inc., a Nasdaq-listed
medical technology company that was ultimately acquired by Med-El
GmbH. Prior to Symphonix, Mr. Griffin was vice president and CFO of
Zangle, Inc., a software company providing real-time student
information to parents via the Internet. Earlier in his career, Mr.
Griffin was Senior Vice President, CFO, and Secretary, of Insync
Systems, Inc., a manufacturer of sub systems for the semiconductor
industry. Mr. Griffin has a Bachelors of Science degree in
accounting from Loyola Marymount University in Los Angeles,
California, is a Certified Public Accountant (CPA), and is a member
of Financial Executives International and the American Institute of
Certified Public Accountants. About Applied Imaging Applied Imaging
Corp., based in San Jose, California, is the leading supplier of
automated imaging and image analysis systems for the detection and
characterization of chromosomes and molecular markers in genetics
and cancer applications. The Company markets a wide range of
imaging and image analysis systems for fluorescence and brightfield
microscopy, including the Ariol(R), SPOT(TM) and CytoVision(R)
product families. Applied Imaging has installed over 4,000 systems
in over 1000 laboratories in more than 60 countries. The Company is
also developing a system for the detection, quantification and
characterization of circulating tumor cells from the blood of
cancer patients. More information about Applied Imaging can be
found at http://www.aicorp.com/. This press release contains
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995, regarding, among other matters, the
outlook for Applied Imaging's Ariol(R) system and its applications,
the Company's ability to succeed in the clinical genetics and
pathology markets, the success of ongoing clinical trials and the
future development of additional applications targeted at cancerous
conditions. Forward-looking statements address matters that are
subject to a number of risks, uncertainties and other factors,
which are detailed in the Company's periodic filings with the
Securities and Exchange Commission. Such risks, uncertainties and
other factors include, but are not limited to, those risks and
uncertainties listed in the section entitled "Management's
Discussion and Analysis of Financial Condition and Results of
Operations -- Factors Affecting Future Results," in Applied
Imaging's annual report on Form 10-K, as restated, for the year
ended December 31, 2003. The forward-looking statements are made as
of March 2, 2005, and Applied Imaging is under no obligation to
revise or update these statements. Contacts: For More Information:
CCG Investor Relations Crocker Coulson, President 15300 Ventura
Boulevard, Suite 303 Sherman Oaks, CA 91403 (818) 789-0100 Applied
Imaging Corp. Robin Stracey, Chief Executive Officer 120 Baytech
Drive, San Jose, CA 95134 (408) 719-6459 DATASOURCE: Applied
Imaging Corp. CONTACT: Crocker Coulson, President of CCG Investor
Relations, +1-818-789-0100, , for Applied Imaging Corp.; or Robin
Stracey, Chief Executive Officer of Applied Imaging Corp.,
+1-408-719-6459, Web site: http://www.aicorp.com/
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