Valley Forge Scientific (NASDAQ:VLFG)
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Valley Forge Scientific Announces Hiring Chief Operating Officer
OAKS, Pa., Feb. 16 /PRNewswire-FirstCall/ -- Valley Forge Scientific Corp.
(NASDAQ:VLFG)(BSE:VLF) announced that Bruce A. Murray, a director of the
company, has been hired as the company's Chief Operating Officer.
Mr. Murray, who has been a director of the company since 1992, has been hired
as the company's Executive Vice President and Chief Operating Officer. In this
position, Mr. Murray will be responsible for the day-to-day operations
including manufacturing, engineering, sales, regulatory and administration and
will be reporting to Jerry L. Malis, Chairman and Chief Executive Officer. Mr.
Murray will remain a director of the company.
"Bruce Murray has extensive background in the electrosurgical and medical
device industries and has already provided Valley Forge Scientific valuable
assistance in several projects over the last several months. Having Bruce
Murray as part of our management team will better enable Valley Forge
Scientific to achieve our objectives and goals," said Malis.
Forward-Looking Statements
Statements in this press release regarding our expectations for our products or
products we are developing, introduction of products into the marketplace,
acceptance of our products in the marketplace, new products and alliances, and
any other statements in this press release that refer to Valley Forge
Scientific's estimated or anticipated future results are forward-looking
statements within the meaning of the Private Securities Litigation Act of 1995.
All forward-looking statements in this press release reflect Valley Forge
Scientific's current analysis of existing trends and information and represent
Valley Forge Scientific's judgment only as of the date of this press release.
Actual results may differ from current expectations based on a number of
factors affecting Valley Forge Scientific's business, including but not limited
to competitive, regulatory and market conditions; the performance of new
products and the continued acceptance of current products; the execution of
strategic initiatives and alliances; the market penetration by third parties
who distribute and sell Valley Forge Scientific's products; Valley Forge
Scientific's ability to maintain a sufficient supply of products; product
liability claims; and the uncertainties associated with intellectual property
protection for these products. In addition, matters generally affecting the
domestic and global economy can affect Valley Forge Scientific's results.
Therefore, the reader is cautioned not to rely on these forward- looking
statements. Valley Forge Scientific disclaims any intent or obligation to
update these forward-looking statements.
Additional information concerning these and other risk factors may be found in
Valley Forge Scientific's public periodic filings with the Securities and
Exchange Commission, including Valley Forge Scientific's Form 10-K for the year
ended September 30, 2004.
FROM:
Todd Forte
Executive Vice President
MCS
(800) 477-9626
COMPANY CONTACT:
Jerry Malis
CEO
136 Green Tree Rd., Ste. 100
P.O. Box 1179
Oaks, PA 19456
EMAIL:
PHONE: (610) 666-7500
FAX: (610) 666-7565
DATASOURCE: Valley Forge Scientific Corp.
CONTACT: Todd Forte, Executive Vice President, MCS, 1-800-477-9626;
Jerry Malis CEO of Valley Forge Scientific Corp., +1-610-666-7500, or FAX: +1-
610-666-7565, or
Web site: http://www.vfsc.com/