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Schick Technologies Announces Management Changes
Jeffrey T. Slovin Appointed Chief Executive Officer; William K. Hood is Elected
Chairman of the Board
LONG ISLAND CITY, N.Y., June 9 /PRNewswire-FirstCall/ -- Schick Technologies,
Inc. (OTC:SCHK) (BULLETIN BOARD: SCHK) today announced that Jeffrey T. Slovin,
President and Chief Operating Officer, has been named to the position of
President and Chief Executive Officer. David B. Schick, the former CEO, has
resigned from the position and from the Board of Directors to pursue other
opportunities, and will remain available to the Company on a consulting basis,
to provide technical expertise and assist it in exploring and evaluating new
product ideas and enhancements.
The Company also announced that William K. Hood, a Director of the Company and
Chairman of the Audit Committee since 2002, has been elected Chairman of its
Board of Directors.
Mr. Hood commented, "We are pleased that David has agreed to serve as a
consultant to the Company, enabling Schick Technologies shareholders to
continue to benefit from his vast technical expertise and knowledge. Since
founding the Company in 1992, David has made many significant contributions to
our business, for which we are grateful."
"The Company continues to have an excellent management team in place," Mr. Hood
added. "Throughout Jeff Slovin's five years with the Company, he has
demonstrated both the leadership and the operational skills needed to help
ensure that the Company remains poised to benefit from the opportunities and
meet the challenges which lie ahead. Jeff is highly regarded in the industry
and his talent, drive and strategic vision have earned him the full support and
confidence of the Board of Directors, the management team, and the Company's
employees. He has also established strong relationships with our key
distributors, both domestic and international."
Mr. Slovin stated, "I am excited to have been chosen to lead Schick
Technologies forward. As industry leaders, we are committed to providing
innovative state-of-the-art solutions to the dental professional. It is
particularly gratifying that a man of Bill Hood's stature has agreed to serve
as our Chairman. His distinguished career and extensive business experience
will serve our shareholders well."
Mr. Slovin served as President and a Director of the Company since December
1999 and as Chief Operating Officer since November 2001. Prior to joining
Schick Technologies, he was a Managing Director of Greystone & Co., Inc. He
holds a Masters in Business Administration from Harvard Business School. Prior
to joining the Company's Board of Directors, Mr. Hood held several senior
executive positions at various companies, including serving as President and
Chief Executive Officer of Hunt-Wesson Foods, Inc. and as Senior Vice-President
of American Bakeries Company. Mr. Hood also formerly served as Dean of the
Chapman University School of Business and Management, and is currently a
Trustee of Chapman University.
About Schick Technologies, Inc.
Schick Technologies, Inc., an ISO9001 certified company, designs, develops, and
manufactures innovative digital radiographic imaging systems and devices for
the dental and medical markets. The Company's products, which are based on
proprietary digital imaging technologies, create instant high- resolution
radiographs and offer significant advantages over conventional x-ray devices.
The Company's beliefs as to Mr. Schick's remaining available to the Company on
a consulting basis, the Company's shareholders continuing to benefit from his
technical expertise and knowledge, the Company's remaining poised to benefit
from the opportunities and meet the challenges which lie ahead, that Mr. Hood's
background will serve the Company's shareholders well, and all other
information in this announcement which is not historical, constitute
forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995. The matters discussed in this news release are subject to
various factors which could cause actual events and results to differ
materially from such statements. Such factors include uncertainties as to the
future sales volume of Schick Technologies' products, the pending SEC civil
action and U.S. Attorney investigation, the possibility of changing economic,
market and competitive conditions, dependence on products, technological
developments, competition, market uncertainties, dependence on distributors,
ability to manage growth, fluctuation in results and other risks and
uncertainties, including those detailed in the Company's filings with the
Securities and Exchange Commission.
DATASOURCE: Schick Technologies, Inc.
CONTACT: Investor Relations of Schick Technologies, Inc.,
+1-718-937-5765; or Cameron Associates, +1-212-245-8800, for Schick
Technologies, Inc.
Web site: http://www.schicktech.com/