IP News Wire_
Image Technology Laboratories, Inc. Appoints New
Board MembersKINGSTON, N.Y., March 16, 2015 –Image Technology Laboratories, Inc. (ITL) (OTC pink sheets: IMTL) is pleased to announce the appointment of two additional members to its Board of Directors. The new directors Robert Adams and Joseph Popolo will be joining board members, Richard Norell and Valerie McDowell.
“We are very fortunate to have both Bob and Joe by our side as we move forward to expand our business
outreach.” Said Valerie McDowell, President & CEO .
Mr. Adams is nationally recognized in the healthcare industry. In 1998, he founded InMed Diagnostic Services LLC—a diversified healthcare services company. With his leadership by example approach to management, top positions have been held at such organizations as Park Imaging, Inc. and Fresenius Medical Care/North America. While with Fresenius, as the National Director of Operations/Diagnostic Services, he reduced expenses by eight million dollars. He is a graduate of the Harvard Certificate Program in Business Administration and Management. "Bob’s 35 years of progressive management experience in diagnostic services will add a valuable perspective to our leadership team,” said McDowell. “He is a forward thinker with seasoned expertise for improving profits through productivity analysis and implementation of cost reduction programs.”
Mr. Adams comments include, "I am both pleased and excited to be joining the Board of Image Technology Labs. As a founder of InMed Diagnostic Services, I was involved in selecting and working with their RIS/PACS software. I believe they have a real opportunity to grow their business with the right people and guidance."
With extensive experience in building organizations and attracting business talent, Mr. Popolo is a seasoned business executive with two masters degrees—an MEE from Catholic University and an MBA from Boston College. As founder and while CEO of IP Auctions, an online intellectual property (IP) auction firm, he expanded the company to its current global presence, representing worldwide sellers of patents, trademarks, and other intellectual property. This market includes US and foreign buyers, IP attorneys, and VC firms.
Among Mr. Popolo’s achievements, he was CEO of HardwareStreet.com, which was later sold to a publicly traded company. In addition, Mr. Popolo was executive VP at Programmers Paradise, (now known as Wayside Technology Group, Inc., (WSTG), and assisted management and underwriters with the initial public offering. Early in his executive career, he was the founder and CEO of MISCO, which was acquired by the Paper Mate Division of The Gillette Company. He has been a member of the Board of Directors for the Alumni Association at Catholic University since 1996.
“The companies I have affiliated with represented opportunities for growth in a variety of technology areas. My experience in developing businesses can contribute tried and true measures to achieve ITL’s expansion goals. I have always enjoyed connecting business with marketing development.” Mr. Popolo comments.
ITL provides a single database business solution for the practice of radiology. The company is moving forward with the interest of the stockholders in mind. It will expand business using its innovative common reading platform as a clearinghouse for patient records and remote user access. As company goals are accomplished, it is expected to see an accelerated rise of interest by related fields of businesses, such as medical diagnostics, electronic medical recordkeeping, and others.
About ITL
Image Technology Laboratories, Inc. provides a single database business solution for the practice of radiology. Its Radiology Information System/ Picture Archiving and Communications System
(RIS/PACS) platform is a single database that encompasses all facets of the business of radiology. At the heart of the system is the workflow manager that assigns and routes units of work across the enterprise. Ultimately, the workflow manager can link hospitals and multiple freestanding centers (with a business relationship) to form one large cooperative radiology practice.
ITL Corporate Headquarters: 602 Enterprise Drive, Kingston, NY 12401.
SOURCE: Image Technology Laboratories, Inc.
Contact: Valerie E. McDowell
732.890.0632
v.mcdowell@comcast.net
Safe Harbor Statement:
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company’s ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company’s contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
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