George O'Leary Elected to the Board of Directors of Isonics Corporation
May 08 2008 - 11:37AM
Business Wire
Isonics Corporation (OTCBB: ISON.OB), a company focused on the
provision of homeland security services and 300-millimeter (and
smaller diameter) test wafers and reclamation services, wafer
thinning and custom wafer products for the silicon industry,
announced today that veteran businessman and management consultant
George O�Leary had been elected to the company�s Board of
Directors, bringing the total to five. Mr. O�Leary currently serves
as a director of several other public companies, including
Futuremedia PLC (FMDAY.OB), a learning and communications company,
and NeoGenomics, Inc. (NGNM.OB), a cancer genetic testing
laboratory. He is also engaged, in an advisory capacity, in several
turn-around situations, both in the US and the United Kingdom. The
holder of Isonics� 13% Debentures has a business relationship with
and has previously invested in NeoGenomics, Inc.; nevertheless, the
Board of Directors has considered the potential conflict of
interest and has determined that any such relationship will not
interfere with Mr. O�Leary�s being able to faithfully carry out his
duties as an Isonics Director. Chris Toffales, Isonics Chairman and
CEO, said, �We are pleased to have George on our Board of
Directors. He brings a wealth of business experience to Isonics,
and he is equally deep in both private and public company
operational and financial activities. We have spent the last year
mounting a turnaround at Isonics, and George�s help in maintaining
the momentum will be critical. He joins a very strong and committed
Board of Directors.� Cautionary Statement: Except for historical
information contained herein, this document contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements involve
estimates, assumptions, known and unknown risks and uncertainties
that may cause the Company�s actual results or outcomes to be
materially different from those anticipated and discussed herein.
Further, the Company operates in industries where securities values
may be volatile and may be influenced by regulatory and other
factors beyond the Company's control. Other important factors that
the Company believes might cause such differences are discussed in
the risk factors detailed in the Company's 10-K for the year ended
April 30, 2007 and reports subsequently filed with the Securities
and Exchange Commission, which include the Company's historical
cash flow difficulties, dependence on significant customers, and
rapid development of technology, among other risks. In assessing
forward-looking statements contained herein, readers are urged to
carefully read all cautionary statements contained in these filings
with the Securities and Exchange Commission.
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