OREM, Utah, June 2, 2014 (GLOBE NEWSWIRE) -- ActiveCare, Inc. (OTCQB:ACAR), a leader in diabetes management and wellness services for self-insured employers nationwide, today announced it has appointed Mr. Marc Bratsman, CPA as the company's new Chief Financial Officer effective May 30, 2014.
Mr. Bratsman, a Certified Public Accountant, joined ActiveCare in August 2013 as the Corporate Controller and Director of Accounting. He previously served as the Chief Financial Officer of an eCommerce company with $40 million in revenue and 110 employees. Prior to that position, he spent 8 years at Grant Thornton LLP as a Senior Manager, with a primary focus on audit and compliance of private and publicly traded companies. He received his Masters of Accounting from Brigham Young University.
"Marc has excelled in his role at ActiveCare and has proven himself to be a valuable member of our senior management team," stated David Derrick, CEO of ActiveCare. "His strong operational and financial control track record makes him a natural to take over as the CFO. He has strengthened the finance department and has been an effective leader in improving our organization over the past several months."
Effective May 30, 2014 Mr. Michael G. Acton stepped down as the Chief Financial Officer due to personal health concerns. Mr. Acton will remain a part-time consultant for three months to facilitate an orderly transition. Mr. Derrick also stated "Michael has been a key component of this team since the founding of ActiveCare and his subsequent 6 years of service. We wish him the best of luck as he works to address his health concerns and watch for him to do great things in the future."
ActiveCare, Inc. provides patented diabetes and chronic disease management and wellness solutions that increase visibility, lower costs and provide real-time care for members resulting in improved outcomes. Utilizing state-of-the-art meters with embedded cellular technology, trained CareSpecialists can intervene in real-time and provide members with the support needed to control their disease 24 hours a day, every day. ActiveCare's solution is revolutionizing the way employers, individuals and their health plans monitor chronic disease. To learn more about ActiveCare please visit www.activecare.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Our actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including global economic conditions generally, regulatory uncertainty and economic pressure on the healthcare industry in particular, the governmental regulation of our products, manufacturing and marketing risks, adverse publicity risks, and risks associated with assimilating our recent acquisitions. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in our most recent filings with the Securities and Exchange Commission.
CONTACT: Company Contact: Bryan Dalton, Director of Market Strategies ActiveCare, Inc. (877) 862-5545 Investor Relations: Alliance Advisors, LLC (212) 398-3486