Business Services Industry
Charles R. McCarthy, Jr. Elected to Avitar, Inc. Board of Directors
Business Wire, Feb 22, 1999
CANTON, Mass.--(BUSINESS WIRE)--Feb. 22, 1999--Avitar, Inc. (NASD OTC Bulletin Board:AVIT) today announced that Charles R. McCarthy, Jr. has been elected to the Board of Directors of the Company.
Mr. McCarthy is a partner with the Washington, D.C. law firm of O'Connor & Hannan, L.L.P. and currently serves on a number of boards of directors and as counsel to several publicly and privately held corporations and previously was General Counsel to the National Association of Corporate Directors. Previously, he served as a trial attorney with the Securities and Exchange Commission, was Blue Sky Securities Commissioner for the District of Columbia and was a law professor teaching securities law topics. He is a frequent writer and lecturer. Having written extensively on corporate officer and director fiduciary duties, Mr. McCarthy developed a corporate standard for ethical conduct of business with the U.S. government which is recognized as one of the authoritative works in the field.
Avitar chairman and chief executive officer Peter Phildius stated, "Mr. McCarthy brings over twenty-five years of entensive experience in a diverse corporate and securities practice. The depth of his experience will make him a unique and valuable addition to our Board. Mr. McCarthy is a 1964 graduate of Georgetown University Law Center.
Avitar, Inc. designs, develops, manufactures and markets healthcare products including a proprietary line of polyurethane wound care dressings and rapid diagnostic test products. The Company is focusing on the development of oral fluids technology for detecting drugs of abuse. For more information, see Avitar's Web Page at www.avitarinc.com.
This release contains forward looking statements that are subject to risks and uncertainties, including capital raising efforts and the development of new applications, that are detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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