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Business Wire  ·  Aktuelle Business Wire Nachrichten  ·  Archiv< zurück <  ·  Druckversion
14.05.2007 23:01

MedQuist Announces that President, COO Will Be Leaving the Company

MedQuist today announced that Frank Lavelle, its current President, and Linda Reino, the company's Chief Operating Officer, will be resigning to pursue other opportunities. Howard Hoffmann, who has served as CEO for nearly three years, will take over the responsibilities of President. Mark Ivie, the company's Chief Technology Officer, and Michael Clark, Senior Vice President of Operations, will together assume the former Chief Operating Officer's responsibilities, which in large measure they had shared prior to the establishment of the COO position.

MedQuist CEO Hoffmann stated that, Frank has served as President of the company for more than two years, during a period of extraordinary change within the company and our industry as a whole. We've responded well to these changes, and Frank has certainly played an important role in that. We appreciate all he has done.†In speaking of Ms. Reino, Hoffmann said, Linda has also been here during a number of key recent changes in operations. We appreciate her contributions on that front and wish her well.â€

Consistent with its ongoing efforts to streamline and enhance operational performance, the company has no current plans to fill either position.

About MedQuist:

MedQuist, a member of the Philips Group of Companies, is a leading provider of electronic medical transcription, health information and document management products and services. MedQuist provides document workflow management, digital dictation, speech recognition, mobile dictation devices, Web-based transcription, electronic signature, medical coding products and outsourcing services.

Disclosure Regarding Forward-Looking Statements:

Some of the statements in this Press Release constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are not historical facts but rather are based on the Company's current expectations, estimates and projections regarding the Company's business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. The forward-looking statements contained in this Press Release include, without limitation, statements about the Company's results of operations, financial condition, ongoing legal proceedings and government investigations, and accommodation programs. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes and results may differ from the forward-looking statements for many reasons, including any direct or indirect impact of the matters disclosed in the Form 8-K filed by the Company on May 11, 2007 on the Company's operating results or financial condition; any continuation of pricing pressures and declining billing rates; difficulties relating to the implementation of management changes throughout the Company; and the outcome of pending and future legal and regulatory proceedings and investigations, including costs and expenses related thereto.

Web site: http://www.medquist.com



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