Utah Business Magazine Names Specialized Health Products' Jeff Soinski CEO of the Year
Posted on: Thursday, 20 March 2008, 09:00 CDT
Specialized Health Products International, Inc., ("Specialized Health Products") (OTCBB: SHPI), a leading developer, manufacturer and marketer of proprietary safety medical products, today announced that Jeff Soinski, President and Chief Executive Officer, has been named 2008 Utah CEO of the Year for small public companies by Utah Business magazine.
Mr. Soinski commented, "We have been successful in transitioning Specialized Health Products from a development stage enterprise to a profitable operating company, based on the efforts of the entire management team and our dedicated employees. I am pleased to receive this personal recognition on behalf of our entire team."
"In just a few years, Jeff transformed Specialized Health from an R&D firm into a profitable business with a multi-million dollar net income," said Jacob Moon, editor of Utah Business magazine. "It's an impressive achievement that makes a meaningful contribution to Utah's economy. We applaud Jeff for his vision, innovation, and sound judgment."
Specialized Health Products ranked in the top half of Deloitte's Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America, for the past three consecutive years. Specialized Health Products also ranked in the top half of the MountainWest Capital Network Utah 100, a ranking of the fastest growing companies in Utah, in 2006 and 2007.
A luncheon to honor the Utah CEO of the Year recipients in eight categories will be held at the Grand America Hotel in Salt Lake City at 12:00 p.m. on March 26, 2008.
About Specialized Health Products International, Inc.
Specialized Health Products International, Inc. is a leading developer, manufacturer and marketer of proprietary disposable medical products for clinician and patient safety. Specialized Health Products has developed multiple safety needle products based upon a broad intellectual property portfolio that applies to virtually all medical needles used today. Specialized Health Products is a market leader in safety Huber needles, with four complementary product offerings. The Company has licensed or supplies other products to leading global healthcare companies, including Covidien, Bard Access Systems, B. Braun Medical and BD Medical. On March 10, 2008, Specialized Health Products announced that it has signed an agreement to be acquired by C. R. Bard, Inc. Closing of the transaction is subject to satisfaction of various closing conditions, including approval by Specialized Health Products stockholders and other customary regulatory approvals. For more information about Specialized Health Products, visit the Company's website at www.shpi.com.
Source: Business Wire
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