UPLAND, Calif., Feb. 1, 2005 (PRIMEZONE) -- Healthcare Business Services Groups, Inc. (OTCBB:HBSV) today announced the appointment of Krishnaswamy Alladi as Chief Operating Officer of the company to spearhead its operations. His primary responsibilities include business development, streamlining operations, client relationships and overall growth of the company.
Prior to joining the company Alladi was a Director of ValCom, Inc. Alladi has nearly 30 years of experience both in private and public companies having earlier worked with Unilever, Glaxo Smithkline, Asea Brown Boveri and Pricewaterhouse Coopers in several capacities. He has an Engineering degree from the Madras Institute of Technology and an MBA from the Asian Institute of Management. He has considerable experience in strategic planning, operations, mergers and acquisitions, financial management and consultancy.
"With his wealth of experience we are confident that his contribution to the company will be of immense value and will enable the company to achieve its goals and strengthen its Senior Management team," said Chandana Basu, the CEO of HBSGI. "Additionally, his industry knowledge and proven track record will provide the guidance that is critically needed to ensure the success of our initiatives. We are confident that this appointment will yield long-term, positive results for the company and the shareholders of HBSGI."
About Healthcare Business Services Groups, Inc.
Healthcare Business Services Groups, Inc. or HBSGI (OTCBB:HBSV) is a provider full-service medical billing services and solutions and operator of surgery centers. The company provides traditional, customized medical billing services and support to physicians, providers, and healthcare facilities across the nation. In addition to its core medical billing services, HBSGI offers a comprehensive, full-service medical billing software product, AutoMed, Inc., that is the only fully automated product on the market. HBSGI also plans to develop and operate surgical centers in the primary geographic markets it provides medical billing services to provide a full-service, low cost surgical center option to physicians and providers. HBSGI has completed architectural and engineering plans for its first surgical center, has retained a general contractor, and acquired the financing to being development.
Forward-Looking Statements
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