Valley Forge Scientific Announces Hiring Chief Operating Officer
February 16 2005 - 10:00AM
PR Newswire (US)
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/
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