JERICHO, N.Y., Oct. 3, 2003 (PRIMEZONE) -- American United Global, Inc. (OTCBB:AUGB) announced today that two new directors have been appointed to its Board of directors bringing the total number of board members to five. Background information on the two new directors follows.
Stuart B. Fause, age 61, previously held the position of Executive Vice President for New York Methodist Hospital, a 560-bed community teaching facility with nine approved residency programs. During his 30-year tenure with the hospital, Mr. Fause successfully led the organization to dramatically increased profitability and performance. Some of his accomplishments include the development of Brooklyn's most technologically advanced Radiation Oncology Department, the expansion of both Cardiac and Medical Imaging Services, The Brooklyn Spine and Arthritis Center, the Woman's Diagnostic Center, and an ambulatory Chemotherapy Infusion Center.
Mr. Fause has been frequently acknowledged for his innovative health care services to and involvement with, the local community. He was honored by Governor Mario Cuomo in 1993 and by Governor George Pataki in 1998 for his outstanding contributions to the community health care services. Mr. Fause has held faculty appointments at New York Technical College (CUNY) and the State University of New York Health Science Center at Brooklyn (SUNY). He is a published author and has lectured on topics including computers in health care and automated management systems. He also served as a consultant to the New York State Department of Health Bureau of Radiologic Technology. He is a graduate of Polyclinic Medical School and Hospital, School of Radiologic Technology and received his Bachelor of Science degree from the University of Oklahoma.
John F. Good, age 67, is President of Lawn, Mullen & Good International, Ltd. (LMGI), an international investigative firm to Fortune 500 companies, and founder of Health Care Operations Review, Inc. (HECOR). For the past six years, both LMGI and HECOR have been deeply involved in health care compliance both in the private and public sector.
Mr. Good has appeared as an expert witness before U.S. Congressional Committees in both the Senate and House of Representatives and his role as architect and supervisor in the "ABSCAM" political corruption case from inception to conviction won him high professional acclaim and is covered in the books "The Sting Man" and "In the Name of the Law."
Prior to entering the private sector, Mr. Good had a twenty-nine year diverse career with the Federal Bureau of Investigation (FBI) that culminated with his appointment as head of the FBI's Long Island, New York office. Mr. Good's investigation expertise includes financial crimes, drugs-substance abuse, industrial espionage, product counterfeiting, and undercover operations.
Mr. Good holds a Bachelor of Science degree from Fordham University, had post graduate studies in Psychology at the University of Virginia, and is a U.S. Navy veteran.
Robert M. Rubin, Chairman, stated, "Stuart and John bring needed talent and capability to the board and we are very pleased to welcome them."
AUGB acquired 55% of the capital stock of New York Medical, Inc. (NYMI) through its acquisition of Lifetime Healthcare Services, Inc. on June 16, 2003 and on August 31, 2003 signed a share exchange agreement whereby it will acquire the remaining 45% from the NYMI Employee Stock Ownership Plan and Trust. The consummation of these transactions is subject to certain conditions and contingencies, including the payment of purchase note obligations.
NYMI operates a healthcare practice management business that provides management services and facilities to a variety of healthcare practitioners who specialize in the areas of neurology, orthopedics, physical medicine and rehabilitation, internal medicine, pain management, physical therapy, massage therapy and acupuncture. NYMI provides its management and facilities services to a professional corporation that is currently owned and controlled by Dr. Jonathan Landow, a New York licensed physician, as well as to certain other licensed healthcare practitioners.
For more information, see the public filings made by American United Global, Inc. at www.sec.gov.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All readers are encouraged to review the Form 8-K and 8-K/A that have been filed in connection with the acquisition discussed above and which outline risk factors including debt obligations, deal terms and other relevant items. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the companies, are expressly qualified by the cautionary statements and other cautionary statements which may accompany the forward-looking statements. In addition, the companies disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.