WASHINGTON, Sept. 5, 2002 (PRIMEZONE) -- Executives of Meditech Pharmaceuticals, Inc. (OTCBB:MDCH) join the founding members of The CEO Council (www.ceocouncil.net), a newly formed non-profit association representing public companies.
Gerald Kern, CEO, will represent Meditech as a member of the CEO Council. Mr. Kern was also elected to The CEO Council's initial seven-member board of directors and to the post of interim Chair.
The CEO Council has affirmed its mission statement as a prelude to its first CEO Summit September 25th in Washington, D.C., said Gerald N. Kern, CEO of Meditech Corp. (OTCBB:MDCH) and the Council's interim Chair.
Said Kern: "The mission of the CEO Council is to provide a common voice and platform for officers and directors of public companies, and enable them to more effectively interpret and participate in the corporate governing and regulatory process to ensure compliance, to safeguard shareholder value and to clearly demonstrate a dedication to fair and ethical business practices." Kern elaborated, "Our motto is `In the Public Interest.'"
Kern said that Meditech Pharmaceuticals, Inc. is "taking a giant step in support of responsible public company governance, and we welcome this opportunity to participate."
The newly formed CEO Council membership is hosting its first annual CEO Summit on September 25, 2002 in The Great Hall of the historic Charles Sumner School Museum in Washington, D.C. More information about the CEO Council and the upcoming CEO Summit can be found at www.ceocouncil.net.
More information about the CEO Council can be found at www.ceocouncil.net.