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Tuesday October 9, 7:30 am Eastern Time
Press Release
SOURCE: RITA Medical Systems, Inc.
RITA Medical Systems, Inc. Names David R. Horn Vice President, Business Development
MOUNTAIN VIEW, Calif., Oct. 9 /PRNewswire/ -- RITA Medical Systems, Inc., (Nasdaq: RITA - news), a medical device company that develops, manufactures and markets minimally invasive products to treat patients with solid cancerous or benign tumors, today announced that David R. Horn has been named to the position of Vice President, Business Development, effective immediately. In this position, Horn will be responsible for overseeing all business development activities for the company, including the identification and development of strategic partnerships and new markets, licensing opportunities and acquisitions. He will report directly to Chief Executive Officer Barry Cheskin.

Cheskin commented, ``Our opportunity today is to apply our resources to a large number of real and sizable opportunities for our platform technology. We have brought David on board with his wealth of experience to help us determine the best means of reaching the marketplace on a number of fronts while remaining focused on our core competencies and committed to near-term profitability. His expertise in developing partnerships and in driving value via licensing and partnership arrangements will be increasingly important as we seek the most efficient and profitable ways to extend our platform technology to address additional types of cancers and other serious health concerns.``

Horn came to RITA from Mountain View-based Ventro Corporation (Nasdaq: VNTR - news) where he was Vice President, Corporate Development. In this role, he was responsible for evaluating and executing strategic acquisitions, investments and partnerships for Ventro. Prior to this, he spent eight years with Morgan Stanley Dean Witter & Co. where he was most recently a Vice President, Corporate Finance for the Health Care Group based in Menlo Park, CA. His duties included a wide range of strategic and financing assignments with clients in the healthcare industry with a specific focus on medical technology, biotechnology and eHealth. Horn began his career with Morgan Stanley as a financial analyst and also was an Associate in the Mergers, Acquisitions and Restructuring Department.

Horn graduated from Princeton University with an A.B. in political economy and received a MBA from Stanford University Graduate School of Business. He resides in Menlo Park, CA.

About RITA Medical Systems, Inc.

RITA Medical Systems, Inc., develops, manufactures and markets innovative products for patients with solid cancerous or benign tumors. The proprietary RITA system uses radiofrequency energy to heat tissue to a high enough temperature to ablate it or cause cell death. The company has sold over 30,000 of its disposable devices throughout the world. While the company`s current focus is on liver cancer, the company believes that its minimally invasive technology may in the future be applied to other types of tumors, including tumors of the lung, bone, breast, prostate and kidney. The company has received regulatory clearance in major markets worldwide, including the United States. In March 2000, RITA became the first radiofrequency ablation company to receive specific FDA clearance for unresectable liver lesions in addition to its previous general FDA clearance for the ablation of soft tissue.

The statements in this news release related to the company`s plans to identify opportunities for its platform technology and to extend its technology to applications beyond the liver are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Further information regarding these and other risks is included in the company`s periodic filings with the Securities and Exchange Commission, including the company`s Report on Form 10-K for the year ended December 31, 2000 and the company`s Report on Form 10-Q for the quarters ended March 31, 2001 and June 30, 2001.

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[Bonifatius]

was ist bei vntr los? FSE +15%, NASDAQ +4,1%
sind das die vorboten der 3.QZ am 24.10?
was sagt der vntr chef tb2 dazu?

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[Bonifatius]

Aaaaaaaaahhhhhhhhhh daher weht der Wind!

Ventro Builds On Strong Performance in Automotive Sector
New Customers and Strategic Sourcing Seminar Boost Ventro`s Visibility in the Automotive Industry
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Oct. 17, 2001--Ventro(TM) Corporation (Nasdaq:VNTR - news), a pioneer in business-to-business e-commerce, today announced that demand for its collaborative commerce solution is on the rise, as it closes significant deals with new automotive customers. Since the beginning of the year, Ventro has added suppliers including Drive-Tek, Budd Plastics and Trelleborg to its roster of automotive industry customers. As more auto manufacturers and suppliers bring their key business processes online, solutions such as Ventro`s collaborative commerce offering will continue to play a vital role as an essential component of these companies` e-business strategy.

The Ventro collaborative commerce solution (formerly NexPrise ipTeam), which is also used in divisions of Ford and General Motors, has demonstrated its leading-edge capabilities in streamlining the quote management process of direct materials, and improving the overall efficiencies of vehicle program management. Today, Ventro customers are experiencing significant savings and productivity gains by leveraging the Ventro solution.

Drive Tek is currently using the Ventro solution to provide key collaborative technology for global driveline systems development. Ventro has enabled Drive Tek to assume complete program management responsibility for optimum driveline systems development and supply chain integration for passenger cars, light trucks, and sport utility vehicles. Within weeks of implementing the Ventro solution, Budd Plastics, a leading provider of fiberglass-reinforced composite compounds and molded products, was able to enhance their program management capabilities making it easier for Budd to communicate throughout multiple tiers of the supply chain. The solution provided Budd Plastics instant updates to all program documents, helped manage issues to faster resolution, and reduced the need for meetings and travel time. Trelleborg Automotive, a recognized supplier of anti-vibration products, has streamlined its RFQ process by using Ventro`s quote management solution, with the ability to view real-time bid status, and respond more quickly to incoming bids.

Ventro Serves as E-Business Resource to the Automotive Industry

Ventro also leads in e-business best practices in the areas of quote (RFQ) management and vehicle program management, and has teamed up with auto industry influencers to host an upcoming automotive seminar, to be held on October 23, 2001, in Dearborn, Mich. The Ventro-sponsored educational seminar, entitled ``e-Sourcing -- the New Automotive Industry Imperative,`` will feature presentations by AMR analysts, Pierre Mitchell and Kevin Prouty, and global administrator for Trelleborg Automotive, Janet Lubeck.

Aimed at sales and account management, e-business and procurement management leaders from tier one and tier two supplier organizations, the seminar will educate automotive executives about how to capitalize on the next wave of business-enabling technologies. Supplier quoting requirements have changed dramatically over recent years. The OEM sourcing techniques are designed to drive down price, requiring suppliers to quickly estimate their cost reduction capabilities. Strategic sourcing of direct materials that will allow manufacturers to securely collaborate with their supply chain online in order to streamline their entire sourcing process has been identified by many industry-watchers as the next e-business frontier.

``The OEMs have put automotive suppliers under enormous pressure to cut costs, so they must develop a comprehensive quote management system or risk losing business, or worse still, winning business at a significant loss,`` said Manash Chakraborty, senior director of industry marketing for Ventro. ``Suppliers that adapt to these new changes will have a competitive advantage and will be better equipped to meet OEM requirements and manage their risks.``

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