Empower Clinics Announces Appointment of NASDAQ Healthcare Executive to Its Board of Directors

Rhea-AI Summary

Empower Clinics has appointed Anthony Tomasello to its Corporate Board, effective immediately. With over 30 years of experience in healthcare, technology, and public markets, Tomasello previously served as Executive Vice President at Stericycle, driving its growth to approximately $1.5 billion in sales. His addition is expected to bolster Empower's ambitious growth plans through innovative integrations in healthcare delivery. Chairman and CEO Steven McAuley emphasized Tomasello's leadership skills as crucial for moving forward with empowerment's healthcare initiatives in North America.

Positive

• Anthony Tomasello brings over 30 years of healthcare and technology experience.
• His past role at Stericycle saw the company grow to $1.5 billion in sales.
• Tomasello's leadership is expected to enhance Empower's growth strategies.

Negative

• None.

Anthony Tomasello brings more than 30 years of healthcare, technology, public markets and commercialization experience to support growth of Empower Clinics

VANCOUVER, BC / ACCESSWIRE / February 22, 2022 / EMPOWER CLINICS INC. (CSE:CBDT)(Frankfurt:8EC)(OTCQB:EPWCF) ("Empower" or the "Company") an integrated healthcare company - serving patients through medical centers, telemedicine platforms, a medical device company, and a high complexity medical diagnostics laboratory - today announced the appointment of Anthony Tomasello to the Corporate Board, effective immediately.

Mr. Tomasello is Managing Director and Partner of iNetworks Opportunity Fund II Advisors, LLC - a private equity General Partner and investment firm active since 1999 in the healthcare, life sciences and information technology sectors. Previously, he had served as Executive Vice President and Chief Technical Officer of Stericycle, Inc., a publicly traded company on the NASDAQ exchange (SRCL). Stericycle specializes in regulated services to the healthcare community. Mr. Tomasello joined Stericycle in its infancy as a venture capital start-up funded with $200,000 of seed capital. He subsequently led the effort of developing and commercializing its intellectual property and operations, both domestically and internationally. During the time that he spent as a member of the executive officer team, he was instrumental in Stericycle's growth to its position at his retirement as the world's leader in its field with approximately $1.5 billion in sales and an enterprise value of more than $9 Billion and more than 10,000 full time employees.

Immediately prior to Stericycle, Mr. Tomasello founded, grew, and then subsequently sold a specialist consulting engineering firm. He is the holder of multiple domestic and international patents. Mr. Tomasello is a graduate of the University of Pittsburgh in Mechanical Engineering. He has public and private Company and non-profit Board of Directors experience, in addition to his recent tenure as the longest-serving member of the Merrill Lynch/Bank of America Advisory Board. Currently, as its chairman, and largest individual shareholder, he guides the strategic activities of Novian Health, an FDA and EU-approved breast tumor therapy company. As an investor and advisor, he supports the development of Propel IT, Inc., a predictive data analytics company within the logistics space; he is a board member of Infrastructure Resources; Vizsafe and Digital Dream Labs, all iNetworks portfolio companies. and he is a past member of the Board of Directors of a joint venture with the University of Utah to commercialize technologies issuing from the University staff.

Mr. Tomasello is a retired Trustee and Finance Committee member of the Pittsburgh Symphony Orchestra, past Director and Finance Committee Chair of Community in Schools, and a Founding Supporter of Man-Up Pittsburgh, a faith-based outreach initiative. He and his wife Jan reside in Sewickley Heights, Pennsylvania, and are active in children's charities and the arts, including Pittsburgh Children's Hospital, the McGuire Memorial Foundation, Pittsburgh Symphony Orchestra and the Pittsburgh Public Theater.

"We're proud and honoured to welcome Anthony to the Empower Clinics team," said Steven McAuley, Chairman and CEO of Empower. "His invaluable insight, track record and leadership in leading public healthcare companies will be a tremendous asset to support our ambitious growth plans. His addition to our team reflects my continued commitment to recruit world class talent who have excelled in growing healthcare businesses within major public companies."

"Empower Clinics has laid the foundation to be a powerhouse in integrated healthcare," said Anthony Tomasello. "I'm deeply impressed with their focus on integrating the partnerships with pharmacies and the businesses of medical clinics, diagnostic laboratory services and medical devices that make up Empower for the benefit of patients. This unique combination of solutions could redefine access to integrated healthcare across North America. I look forward to contributing to Empower's ongoing success and growth."

Board members of Empower Clinics play a pivotal role in overseeing its strategic plan and governance, while also supporting its vision, purpose, values and strategic growth priorities.

This press release is available on the EmpowerClinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management https://agoracom.com/ir/EmpowerClinics

ABOUT EMPOWER:

Empower is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, a medical device company and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders.

ON BEHALF OF THE BOARD OF DIRECTORS:

Steven McAuley
Chief Executive Officer

CONTACTS:

Media:
Steven McAuley
CEO
s.mcauley@empowerclinics.com
604-227-0865

Investors:
Tamara Mason
Business Development & Communications
t.mason@empowerclinics.com
604-359-9107

DISCLAIMER FOR FORWARD-LOOKING STATEMENTS

This news release contains certain "forward-looking statements" or "forward-looking information" (collectively "forward looking statements") within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Forward-looking statements can frequently be identified by words such as "plans", "continues", "expects", "projects", "intends", "believes", "anticipates", "estimates", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. Forward-looking statements include statements regarding: that the Company may not be able to obtain adequate financing to pursue its business plan; that the Company will be able to commence and/or complete build-outs and tenants improvements for new clinics; general business, economic, competitive, political and social uncertainties; and other factors beyond the Company's control. No assurance can be given that any of the events anticipated by the forward-looking statements will occur on the terms or in the time expected, or at all, or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned not to place undue reliance on the forward- looking statements in this release, which are qualified in their entirety by these cautionary statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.

SOURCE: Empower Clinics Inc.

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https://www.accesswire.com/689685/Empower-Clinics-Announces-Appointment-of-NASDAQ-Healthcare-Executive-to-Its-Board-of-Directors

FAQ

Who is Anthony Tomasello and what is his role at Empower Clinics?

Anthony Tomasello has been appointed to the Corporate Board of Empower Clinics, bringing over 30 years of experience in healthcare and technology.

What impact does Anthony Tomasello's appointment have on Empower Clinics?

His appointment is expected to bolster the company's growth strategies and integrated healthcare initiatives across North America.

What previous experience does Anthony Tomasello have that benefits Empower Clinics?

Before joining Empower Clinics, Tomasello was Executive Vice President at Stericycle, where he contributed to substantial company growth.

When was Anthony Tomasello appointed to Empower Clinics' Board?

Anthony Tomasello was appointed to the Corporate Board of Empower Clinics effective immediately on February 22, 2022.