BALDWINSVILLE, N.Y., April 28, 2008 (PRIME NEWSWIRE) -- Patient Portal Technologies, Inc. (OTCBB:PPRG) announced today that its Board of Directors had appointed Rounsevelle W. Schaum, Chairman of Newport Capital Partners, as a Member of the Board of Directors and as Chairman of the newly-created Audit Committee. Mr. Schaum will assist the Company as it establishes and implements the corporate governance committees and procedures which will be required for qualifying the Company's securities for listing on the American Stock Exchange.
"Mr. Schaum will be a key asset to our Board of Directors as we implement our Company's growth strategy, which includes our expansion to seven Board members as well as our newly-created audit and Compensation Committees controlled by outside Directors," said Kevin Kelly, President of Patient Portal Technologies. "He is an expert in corporate governance procedures and has all of the necessary certifications and qualifications to serve as our Audit Committee Chairman."
Mr. Schaum, the founder and Chairman of Newport Capital Partners, is a specialist in the management and financing of emerging growth companies. He is a graduate of Phillips Andover Academy and holds a Bachelor of Science degree in Mechanical Engineering from Stanford University and an MBA degree from the Harvard Business School. He was also a member of the faculty and Defense Research Staff of the Massachusetts Institute of Technology, where he participated in the development of the computer programs for the Ballistic Missile Early Warning System.
He is also the Chairman and CEO of Newport Global Technologies, Inc., a director and Chairman of the Audit and Compensation Committees of The Quigley Corporation (Nasdaq:QGLY) and was a founder, director and treasurer of Streaming Media Corporation, recently acquired by Akamai. He was also the Chairman and CEO of BusinessNet Holdings Corporation and has served as a crisis manager for Heller Financial Corporation. He also served on the District Advisory Council of the U.S. Small Business Administration; as Chairman of the California Small Business Development Corporation, a private venture capital syndicate; and was the founder and Managing Director of the Center of Management Sciences, a consulting firm serving the aerospace industry. He was the principal author of the "Weapon Systems Management Guide" under contract to the Office of the Secretary of Defense, and a consultant on project management procedures to the Departments of the Army, Navy and Air Force, and numerous defense contractors, including General Dynamics, MacDonald-Douglas, Raytheon, Hughes Aircraft and the Logistics Management Institute. He also served as the Project Manager under contract to the State of California for the master planning and scheduling of the California Water Project and the Los Angeles Rapid Transit System.
Mr. Schaum resides in Newport, Rhode Island, where he has been active in civic affairs. He is a director of the Fort Adams Trust, a member of the Naval War College Foundation, the International Yacht Restoration Society, the Newport Reading Room, and is a former director of the Newport Historical Society.
About Patient Portal Technologies
Patient Portal Technologies is a leading provider of creative and innovative technology solutions and process improvements for healthcare institutions. The company's products and services utilize a state-of-the-art proprietary software platform that optimizes patient flow, reduces administrative costs, provides patient education, and maximizes reimbursement to service providers. In support of the Company's programs to ensure increased patient satisfaction and education, our TB&A subsidiary is a leading provider of cutting-edge television and telecommunications technology to hospitals and healthcare facilities throughout the U.S. Company information is available at www.patientportal.com.