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EANS-Adhoc LifeWatch AG: Kenneth Melani designated as new Chairman. Yacov Geva will continue to act as the Corporate CEO. (with document)

Nachrichtenagentur: news aktuell
 |  25.03.2013, 16:02  |  339 Aufrufe  |   | 
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.

--------------------------------------------------------------------------------

Board of Directors (Appointments and Changes)/Company
Information/LifeWatch AG 25.03.2013

Neuhausen am Rheinfall/Switzerland - LifeWatch AG (SIX Swiss
Exchange: LIFE), the leading provider of wireless telemedicine, today
announces a change for the Chair of its Board of Directors. Subject
to his re-election at the upcoming ordinary shareholder meeting on
May 29, 2013, the current Board member Kenneth Melani will then take
the Chair of the Board of Directors. The present Chairman and CEO Dr.
Yacov Geva will continue to act as the Corporate CEO of LifeWatch AG.

You will find a PDF-version of this press release at the end of this
message.

LifeWatch AG announces today that its Board member Kenneth Melani
will take the Chair of the Board of Directors from Dr. Yacov Geva
subject to his re-election at the upcoming ordinary shareholder
meeting on May 29, 2013. On the occasion of the extraordinary
shareholder meeting on January 23, 2013, Kenneth Melani was elected a
member of the Board based on his longstanding experience and intimate
knowledge of the U.S. healthcare system. Currently, the Company is
creating about 99% of its revenues in the United States.

The long-time Chairman and Chief Executive Officer of LifeWatch AG,
Dr. Yacov Geva, will continue to act as the Corporate CEO in order to
grow the existing and future business of the Company together with
the new Chairman Kenneth Melani.

Kenneth R. Melani (born 1954, citizen of the U.S.) is the former
president and chief executive officer of Highmark, a health insurance
company based in Pittsburgh and the largest health insurer in
Pennsylvania. He graduated in 1975 with a chemistry degree and
enrolled later in the Bowman Gray School of Medicine in North
Carolina before specializing in adult internal medicine. In 1982, he
started his own practice in Pennsylvania. Later he began to take on
work for West Penn Cares, a company of West Penn-affiliated
physicians, developing business opportunities with a commercial blood
laboratory and in- home intravenous therapy devices. In 1989, he was
appointed chief medical officer for Blue Cross of Western
Pennsylvania. During this time, Blue Cross of Western Pennsylvania
merged with Harrisburg's Pennsylvania Blue Shield and the company was
re-christened Highmark. Kenneth Melani was awarded W&J College's
"Entrepreneur of the Year Award" in 2009.

About LifeWatch AG:

LifeWatch AG, headquartered in Neuhausen am Rheinfall and listed on
SIX Swiss Exchange (LIFE), Switzerland, is the leading healthcare
technology and solution company, specializing in advanced telehealth
systems and wireless remote patient monitoring services. LifeWatch
services cater to individuals, ranging from high-risk and chronically
ill patients, to consumers of health and wellness products. LifeWatch
AG has operative subsidiaries in the United States, in Switzerland
and in Israel and is the parent company of LifeWatch Services Inc.,
and LifeWatch Technologies, Ltd. LifeWatch Services, Inc. is a
leading US-based provider of cardiac monitoring services and home
sleep testing of Obstructive Sleep Apnea (OSA). LifeWatch
Technologies Ltd., based in Israel, is a leading developer and
manufacturer of telemedicine products. The Company is planning to
introduce the LifeWatch V, an Android-based smartphone with medical
sensors and apps that uses a cloud-based service platform. For
additional information, please visit www.lifewatch.com.

Sign-up for customized E-mail alerts and documentation requests is
available at http://production.investis.com/lifewatch/alert-service/

This press release includes forward-looking statements. All
statements other than statements of historical facts contained in
this press release, including statements regarding future results of
operations and financial position, business strategy and plans and
objectives for future operations, are forward- looking statements.
The words "believe," "may," "will," "estimate," "continue,"
"anticipate," "intend,""expect" and similar expressions are intended
to identify forward-looking statements. LifeWatch AG has based these
forward-looking statements largely on current expectations and
projections about future events and financial trends that it believes
may affect the financial condition, results of operations, business
strategy, short term and long term business operations and
objectives, and financial needs. These forward-looking statements are
subject to a number of risks, uncertainties and assumptions. In light
of these risks, uncertainties and assumptions, the forward-looking
events and circumstances described may not occur and actual results
could differ materially and adversely from those anticipated or
implied in the forward- looking statements. All forward-looking
statements are based only on data available to LifeWatch AG at the
time of the issue of this press release. LifeWatch AG does not
undertake any obligation to update any forward-looking statements
contained in this press release as a result of new information,
future events or otherwise.

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF
AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR
PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS
PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES OF LIFEWATCH
AG OR ANY OF ITS SUBSIDIARIES FOR SALE IN THE UNITED STATES OR AN
INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OF LIFEWATCH
AG OR ITS SUBSIDIARIES IN THE UNITED STATES. IN ADDITION, THE
SECURITIES OF LIFEWATCH AG AND ITS SUBSIDIARIES HAVE NOT BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE
OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S.
PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS. ANY
PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE
MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM LIFEWATCH AG
OR ITS SUBSIDIARIES, AS APPLICABLE, AND WILL CONTAIN DETAILED
INFORMATION ABOUT THE ISSUER AND ITS MANAGEMENT AS WELL AS FINANCIAL
STATEMENTS OF THE ISSUER.

Attachments with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/us/jG8iMykS

Further inquiry note:
Sensus Communication Consultants, Zürich:

Tel +41 43 366 55 11 | Fax +41 43 366 55 12 | Email lifewatch@sensus.ch

end of announcement euro adhoc
--------------------------------------------------------------------------------

Attachments with Announcement:

----------------------------------------------

http://resources.euroadhoc.com/us/jG8iMykS



issuer: LifeWatch AG
Rundbuckstrasse 6
CH-8212 Neuhausen am Rheinfall
phone: +41 52 632 00 50
FAX: +41 52 632 00 51
mail: users@lifewatch.com
WWW: www.lifewatch.com
sector: Healthcare Providers
ISIN: CH0012815459
indexes: SPI, SPIEX
stockmarkets: free trade: Berlin, Open Market / XETRA: Frankfurt, Main Standard:
SIX Swiss Exchange
language: English


Wertpapier: LIFEWATCH AG SF 2

Themen: UBSSECIFE


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