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| Environmental Tectonics Corporation Announces Promotion of Don R. Webber to VP of Sales for their Biomedical Division |
| Southampton, PA, July 20, 2009. Environmental Tectonics Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") BioMedical Systems Division today announced the promotion of Don R. Webber to Vice President of Biomedical Sales. Don joined the ETC Biomedical team in 2007. He was instrumental in advancing the growth of sales in his region and quickly become our top producer, helping to expand our sales among management groups and hospital corporations. Don has an extensive background in medical equipment sales and sales management, both domestically and internationally. His industry knowledge and solution-oriented approach have been emulated by others as he consistently produces top results. Tom Loughlin, ETC's COO, commented, "This was the piece of the puzzle that was needed to move our sales team to the next level. Don's leadership ability, strategic approach and market experience will allow us to more deeply penetrate the hyperbaric market for a greater impact on sales. He has a track record of success and achievement." ETC is the world leader in automated monoplace hyperbaric chambers which include a 4th generation, time-honored computerized system. The BARA-MED® XD includes O.S.C.A.R.™ (Operating System for Control And Recordkeeping), giving you the benefit of patient comfort and safety, plus electronic medical recordkeeping (EMR). With O.S.C.A.R.™ on your team, you eliminate the need for operator dive time management and paper recordkeeping while ensuring comprehensive documentation of the procedure. These features enable technicians to focus their attention on patient care and management, making your team more effective and efficient. ETC chambers remain the leader in providing a patient friendly pressurization alternative (Smooth Ride™) that minimizes complications due to middle ear and sinus barotraumas without increasing compression time. In addition, with Smooth-Ride™ you obtain a smoother decompression which is important for patients with COPD. | |||
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ETC's current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC's and its subsidiaries that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These forward-looking statements include statements with respect to the Company's vision, mission, strategies, goals, beliefs, plans, objectives, expectations, anticipations, estimates, intentions, financial condition, results of operations, future performance and business of the company, including but not limited to, (i) potential additional funding by Lenfest, (ii) the potential delisting of the Company's common stock from the American Stock Exchange as a result of the Company's failure to comply with the AMEX listing standards, (iii) projections of revenues, costs of materials, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, capital structure, other financial items and the effects of currency fluctuations, (iv) statements of our plans and objectives of the Company or its management or Board of Directors, including the introduction of new products, or estimates or predictions of actions of customers, suppliers, competitors or regulatory authorities, (v) statements of future economic performance, (vi) statements of assumptions and other statements about the Company or its business, (vii) statements made about the possible outcomes of litigation involving the Company; (viii) statements regarding the Company's ability to obtain financing to support its operations and other expenses, and (ix) statements preceded by, followed by or that include the words, "may," "could," "should," "looking forward," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan," or the negative of such terms or similar expressions. These forward-looking statements involve risks and uncertainties which are subject to change based on various important factors. Some of these risks and uncertainties, in whole or in part, are beyond the Company's control. Factors that might cause or contribute to such a material difference include, but are not limited to, those discussed in the Company's Annual Report on Form 10 K for the fiscal year ended February 29, 2008, in the section entitled "Risks Particular to Our Business." Shareholders are urged to review these risks carefully prior to making an investment in the Company's common stock. The Company cautions that the foregoing list of important factors is not exclusive. Except as required by federal securities law, the Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company. Contact: Duane D. Deaner, CFO Tel: 215-355-9100 (ext.1203) Fax: 215-357-4000 http://www.etcusa.com | |||