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eResearchTechnology Names New Chief Financial Officer
Wednesday, July 23, 2008
PHILADELPHIA, July 23 /PRNewswire-FirstCall/ -- eResearchTechnology, Inc.
(eRT or the Company), (Nasdaq: ERES), a leading provider of centralized ECG
and eClinical technology, ePRO and other services to the pharmaceutical,
biotechnology, medical device and related industries, announced today the
appointment of Mr. Keith D. Schneck as Executive Vice President and Chief
Financial Officer effective July 28th, 2008.
Mr. Schneck joins eRT with over 30 years of senior financial experience
and executive management expertise in high growth companies and public
accounting. He was previously Executive Vice President and Chief Financial
Officer of Neoware, Inc., a publicly traded company before its acquisition in
September 2007 by Hewlett-Packard, and he consulted in a transitional capacity
until December 2007. Prior to Neoware, he served as Chief Financial Officer
of T-Networks, a venture capital-funded start-up company that provides
components to the telecommunications market. Mr. Schneck also has held
positions as President and Chief Financial Officer for AM Communications and
as Chief Operating Officer and Chief Financial Officer of Integrated Circuit
Systems, also a publicly traded company. Mr. Schneck is a CPA with over 10
years of public accounting experience with KPMG LLP. During his career, Mr.
Schneck has been responsible for a variety of financial and general management
functions, including investor relations, finance, operations, business
development, acquisitions and integration of acquired operations. He holds a
BS from West Chester University and attended the Advanced Management Program
at the Harvard Business School. In his position as Executive Vice President
and Chief Financial Officer, Mr. Schneck will be responsible for financial
reporting, corporate finance, investor relations and legal affairs for eRT.
"We are excited to have someone of Keith's expertise and talent join eRT,"
said Dr. Michael McKelvey, President and Chief Executive Officer of eRT. "His
previous experience as a public company CFO and a Chief Operating Officer will
be important as we continue to grow and implement our future strategy."
"I believe eRT is well positioned with a strong business model and a
highly competent management team in an industry with attractive growth
opportunities," commented Mr. Schneck. "I look forward to working with the
team as we define and execute strategies that provide unique value to our
customers, shareholders and employees."
About eResearchTechnology, Inc.
Based in Philadelphia, PA, eResearchTechnology, Inc. (http://www.eRT.com)
is a provider of technology and services to the pharmaceutical, biotechnology
and medical device industries on a global basis. The Company is a market
leader in providing centralized core-diagnostic electrocardiographic (ECG)
technology and services to evaluate cardiac safety in clinical development.
The Company is also a leader in providing technology and services to
streamline the clinical trials process by enabling its customers to automate
the collection, analysis, and distribution of clinical data in all phases of
clinical development.
Statements included in this release may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements, including, but not limited to, 2008 financial
guidance, involve a number of risks and uncertainties such as the Company's
ability to obtain new contracts and accurately estimate net revenues due to
uncertain regulatory guidance, variability in size, scope and duration of
projects, and internal issues at the sponsoring client, integration of
acquisitions, competitive factors, technological development, and market
demand. As a result, actual results may differ materially from any financial
outlooks stated herein. Further information on potential factors that could
affect the Company's financial results can be found in the Company's Reports
on Form 10-K and 10-Q filed with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events, or
otherwise.
SOURCE eResearchTechnology, Inc.
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