ALR Technologies, Inc. announced yesterday the appointment of Lawrence (Larry) Weinstein as President and Chief Operating Officer. Mr. Weinstein will assume the positions as of July 1, 2010 and be replacing Sidney Chan who will become Chairman and Chief Executive Officer upon the retirement of Stanley Cruitt who had been serving as ALR’s Chairman.
Mr. Weinstein will be departing his roles as Senior Vice President of Operations at PRE Holding, Inc. and as President of Hydrate, Inc. to assume the new position with ALR. Mr. Weinstein has extensive experience in the development and launch of medical products including 11 years with Cordis Corporation, a Johnson and Johnson company, 6 years with DHD Healthcare Corporation and, most recently, 9 years with Pari Respiratory Equipment.
Mr. Chan, commented, “Larry Weinstein brings a skill set and experience that will be invaluable as the company introduces the ALRT Health-e-Connect (HeC) monitoring system. Our product will be invaluable for the healthcare industry to achieve better health outcomes and contain costs.”
ALR Technologies has maintained a very low profile over the last six months without issuing any press releases other than SEC filings. We spoke with Mr. Chan regarding the silence and he commented, “At ALR Technologies, we are concerned with issuing press releases that contain significant developments for our shareholders.” Mr. Chan continued, “Our shareholders know that we have been diligently developing and marketing our business while working to meet all FDA requirements for our Health-e-Connect System. We have also been putting the finishing touches on our brand new website designs which went live on Friday. The time is rapidly approaching that our toils will be coming to fruition and we will have many significant developments to announce to the public.”
On a side note, Mr. Chan also commented that the website has a few very minor tweaks that will be incorporated this week.
More information on ALRT, their proprietary Health-e-Connect (HeC) System and the investment opportunity that the company presents can be derived from their newly-designed website at www.alrt.com.