We are pleased to have a financial professional of Marc's caliber join the team
DELRAY BEACH, FL (PRWEB) January 30, 2007
(Stock ticker symbols MDSI/MDSIW) Publicly traded MedStrong International Corporation announced today that the MedStrong Board of Directors has appointed as its new Chief Financial Officer, Marc Saitta, former CFO of Smithsonian Business Ventures, who also held roles as Vice President of Finance and Planning at AOL and CFO of AOL Canada.
Saitta's appointment marks the third former AOL executive to join the MedStrong management team this month in preparation for the company's planned launch of a new social networking site and its adoption of a Web 2.0 platform. Also appointed to senior positions were Stephen J. Bartkiw, AOL Canada founder and former CEO, who is now MedStrong President and CEO, and Mark J. Minkin, a former AOL International Vice President and Managing Director for New Market Development, who is now Senior Vice President of Marketing at MedStrong. Early this year, the company announced its plans, to adopt a Web 2.0 platform and launch a new social networking site. The launch date has not yet been released.
"We are pleased to have a financial professional of Marc's caliber join the team," said Stephen J. Bartkiw, President and CEO of MedStrong. "He brings extensive experience as a Chief Financial Officer in the tech industry and with public companies, as well as a successful track record of managing growth. All this combined with his integrity and business acumen make him an excellent CFO for our organization."
As the former Chief Financial Officer of Smithsonian Business Ventures, Saitta was responsible for all financial, IT and corporate administrative functions of the Smithsonian Institution subsidiary which oversees the multi-divisional, for-profit activities of the Institution. Before Smithsonian, Saitta was with AOL from 1998 to 2003. He began as CFO of AOL Canada, where he spearheaded the company's call center and member support initiatives, then went on to become the Vice President of Finance and Planning for AOL's Technology Development Division, a 2,500 employee software and systems development team in the US.
Prior to AOL, Saitta served as Executive Director of Finance and Administration for Ogden Entertainment Services, a division of Ogden Corporation, where he oversaw the global financial and administrative activities for the group's worldwide operations.
About MedStrong International Corporation
MedStrong International Corporation is a publicly traded development stage company in the state of Delaware and operates under the stock ticker symbols MDSI / MDSIW. MedStrong is headquartered in Delray Beach, Florida, recently named a 2006 Top Ten Digital City by the Center for Digital Government, which recognizes the most technology-advanced cities in America.
Safe Harbor Act Disclaimer: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, the independent authority of the special committee to act on the matters discussed, the successful negotiation of the potential acquisition and disposal of transactions described above, successful implementation of the company's business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission.