| | | Geschrieben am 11-01-2010 EANS-Adhoc: LifeWatch AG hires new Top Managers to drive growth strategy
  Brent Cohen to spearhead global growth as President and COO
  Jake Mendelsohn appointed Executive Vice President
 | 
 
 
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 ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
 distribution. The issuer is solely responsible for the content of this
 announcement.
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 11.01.2010
 
 Neuhausen am Rheinfall / Switzerland, January 11, 2010 - LifeWatch AG
 (SIX Swiss Exchange: LIFE), the leading wireless remote cardiac and
 medical patient monitoring service provider in the USA, today
 announced the strengthening of its Management Team. Brent Cohen was
 appointed President and Chief Operating Officer of LifeWatch AG and
 Jake Mendelsohn as Executive Vice President of LifeWatch AG. Brent
 Cohen, an internationally renowned manager, will lead the Company´s
 growth initiatives in the remote patient monitoring business and
 beyond.
 
 Brent Cohen has accumulated over 20 years of extensive management
 expertise in various executive roles in both public and private
 industrial and service companies, and has a proven track record of
 management successes. Amongst others, Brent Cohen, as CEO and Board
 Member, drove the turnaround of DoveBid, Inc., the largest global
 online auction marketplace for surplus capital and reverse supply
 chain assets. Prior to that, he served as President and COO at First
 Advantage Corporation. His past achievements also include the
 build-up and sale of Packard Bell. Brent Cohen has been supporting
 LifeWatch as business consultant during the last months and has
 already built a profound understanding of the Group and the industry.
 
 At the same time, Brent Atwood will assume responsibility as Chief
 Sales Officer at LifeWatch Services Inc. /USA, taking over from his
 predecessor Mike Fiorito who has left the Company to pursue other
 challenges.
 
 In addition, Jake Mendelsohn was appointed Executive Vice President
 of LifeWatch AG. Jake Mendelsohn brings with him more than 20 years
 experience in improving and managing operational and technology
 functions of both small and large global companies in various
 sectors. In the past, he has worked with Brent Cohen in building a
 series of successful businesses. He will now support the Group´s
 growth strategy by improving and streamlining business processes and
 implementing technology solutions.
 
 "We are delighted that Brent Cohen has joined us to lead the
 continued expansion of LifeWatch as we move towards new application
 areas and new markets;" said Yacov Geva, Chairman and CEO of
 LifeWatch AG. "Brent Cohen´s experience brings us to a new level of
 operational, sales and management sophistication. With his proven
 track record, he will spearhead the continued growth of our
 monitoring platforms worldwide. I am confident that we will excel at
 leveraging the Company's existing leadership position of innovative
 products and services and aggressively target new market
 opportunities with broader disease management capabilities. At the
 same time, I am very pleased that Brent Atwood can now focus solely
 on the sales and business development activities of LifeWatch
 Services Inc. /USA. I am convinced that, in the new setup, we will be
 able to drive the Company into a prominent global share in the
 exciting field of wireless medicine and remote monitoring. Jake
 Mendelsohn will support our growth by automating processes, improving
 efficiencies and designing and setting up integrated systems which
 will allow LifeWatch to further enhance our competitive advantage."
 
 Brent Cohen added:" I am pleased to join the LifeWatch team to lead
 the next phase of our global growth. My focus is to ensure that we
 grow the business rationally, without compromising financial
 performance, while effecting adequate controls and infrastructure
 capability to continue to deliver the highest level of physician and
 patient care, coupled with superior diagnostic yield. Jake
 Mendelsohn´s input will be instrumental in this area. LifeWatch is
 well positioned to capitalize on the dynamic changes occurring in the
 health care industry: the company and industry is at an inflection
 point, with remote monitoring and wireless medicine poised for
 dramatic growth and global acceptance both in the traditional
 reimbursable and other market segments. With its unique access to
 technology, improved diagnostic yields and patient care, the Company
 will accelerate its efforts to exploit the tremendous opportunity in
 the domestic and global marketplace."
 
 The Group Management of LifeWatch now comprises Yacov Geva, Chairman
 and Chief Executive Officer LifeWatch AG; Kobi Ben Efraim, Chief
 Financial Officer LifeWatch AG; Brent Cohen, President and Chief
 Operating Officer LifeWatch AG; and Jake Mendelsohn, Executive Vice
 President LifeWatch AG; as well as Brent Atwood, Chief Sales Officer
 LifeWatch Services Inc. /USA; and Reuven Freudinger, Vice President
 Business Development and Marketing CardGuard Scientific Survival,
 Ltd/Israel.
 
 Curriculum vitae Brent Cohen Most recently, Brent Cohen was Chief
 Executive Officer and a member of the Board of Directors of DoveBid
 Inc. (a Texas Pacific Group and Softbank Capital controlled company),
 the largest global online auction marketplace for surplus capital and
 reverse supply chain assets operating in 20 countries, where he
 realigned the business strategy, introduced new products and
 services, and increased recurring revenues from Global 1000 customers
 prior to its successful sale in 2008.
 
 Prior to that he served as President and Chief Operating Officer of
 First Advantage Corporation (NASDAQ NM:FADV), a company which was
 formed through the merger of The First American Corporation´s (NYSE:
 FAF) Screening Technology division with US SEARCH.com (NASDAQ: SRCH),
 where he had served as Chairman and Chief Executive Officer since
 2000. First Advantage is a leading provider of best-in-class
 single-source solutions for the screening and risk mitigation needs
 of global corporations and consumers. Brent Cohen refined the
 company's strategy and business model with the culmination of First
 Advantage Corporation going public in June 2003 with an initial
 market capitalization of USD 500 million.
 
 From the start of Packard Bell NEC (formerly Packard Bell
 Electronics) until his departure 11 years later in 1998, Brent Cohen
 held various senior management positions including President, Chief
 Operating Officer, and Chief Financial Officer. During his tenure,
 Packard Bell became the number one selling home computer worldwide,
 reaching over USD 4 billion in sales in more than 50 countries.
 
 Currently Brent Cohen serves on the Board of the California Oncology
 Research Institute in California.
 
 Earlier in his career, Brent Cohen worked in various management
 positions at Arthur Young. Brent is a Chartered Accountant and holds
 a Masters of Business Administration from the University of Cape
 Town/South Africa. Brent Cohen is 51 years old and a South African
 citizen.
 
 Curriculum vitae Jake Mendelsohn Most recently Jake Mendelsohn served
 as Executive Vice President for Global Operations and Technology at
 DoveBid, Inc., where he restructured the global operations teams,
 automated processes and enhanced the company´s systems offerings to
 improve efficiency, reduce cost and improve quality. From 2000 until
 2003, he served as Chief Information Officer at First Advantage
 Corporation (NASDAQ NM: FADV) and US Search.com, Inc (NASDAQ:SRCH),
 where he was responsible for systems strategy, call centers, service
 fulfillment and IT operations.
 
 Prior to that, Jake Mendelsohn served from 1996 to 2000 as CIO for
 PETsMART, the largest specialty pet retailer of services and
 solutions for pets. He directed the information technology operations
 and the IT strategy of the company and implemented enterprise
 resource planning systems to support company growth. In 1999,
 RETAILTECH Magazine named Mendelsohn one of their "Top 10 CIOs of the
 Year."
 
 Earlier in his career, Jake Mendelsohn acted from 1986 until 1996 as
 principal with The Windsor Park Group, a management consultancy
 practice, and held before financial management positions at IBM and
 Arthur Andersen. He has a graduate degree in accounting and is a
 Chartered Accountant. Jake Mendelsohn, born in 1956, is a South
 African citizen.
 
 end of ad-hoc-announcement ==========================================
 ====================================== About LifeWatch AG
 
 LifeWatch AG, headquartered in Neuhausen am Rheinfall and listed on
 SIX Swiss Exchange (LIFE), Switzerland, is the leading healthcare
 technology and solution company, specializing in advanced telehealth
 systems and wireless remote patient monitoring services. LifeWatch
 services treat high-risk and chronically ill patients, health
 conscious consumers and wellness programs. LifeWatch has subsidiaries
 in the United States, the Netherlands, Japan, the United Kingdom,
 Switzerland and Israel. LifeWatch AG is the parent company of
 LifeWatch Services Inc., a leading US-based cardiac monitoring
 service provider, and manufacturer of telecardiology products.
 LifeWatch is also introducing a new program for Home SleepTesting of
 Obstructive Sleep Apnea (OSA) patients under the brand name
 NiteWatch. For additional information, please visit www.lifewatch.com
 and www.nitewatchservices.com
 
 Sign-up for customized e-mail alerts and documentation requests is
 available at http://production.investis.com/lifewatch/alert-service/
 
 This press release includes forward-looking statements. All
 statements other than statements of historical facts contained in
 this press release, including statements regarding future results of
 operations and financial position, business strategy and plans and
 objectives for future operations, are forward-looking statements. The
 words believe, may, will, estimate, continue, anticipate,
 intend, expect and similar expressions are intended to identify
 forward-looking statements. LifeWatch AG has based these forward
 looking statements largely on current expectations and projections
 about future events and financial trends that it believes may affect
 the financial condition, results of operations, business strategy,
 short term and long term business operations and objectives, and
 financial needs. These forward-looking statements are subject to a
 number of risks, uncertainties and assumptions. In light of these
 risks, uncertainties and assumptions, the forward-looking events and
 circumstances described may not occur and actual results could differ
 materially and adversely from those anticipated or implied in the
 forward-looking statements. All forward-looking statements are based
 only on data available to LifeWatch AG at the time of the issue of
 this press release. LifeWatch AG does not undertake any obligation to
 update any forward-looking statements contained in this press release
 as a result of new information, future events or otherwise.
 
 THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF
 AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR
 PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS
 PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES OF LIFEWATCH
 AG OR ANY OF ITS SUBSIDIARIES FOR SALE IN THE UNITED STATES OR AN
 INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OF LIFEWATCH
 AG OR ITS SUBSIDIARIES IN THE UNITED STATES. IN ADDITION, THE
 SECURITIES OF LIFEWATCH AG AND ITS SUBSIDIARIES HAVE NOT BEEN
 REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE
 OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S.
 PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE
 REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS. ANY
 PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE
 MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM LIFEWATCH AG
 OR ITS SUBSIDIARIES, AS APPLICABLE, AND WILL CONTAIN DETAILED
 INFORMATION ABOUT THE ISSUER AND ITS MANAGEMENT AS WELL AS FINANCIAL
 STATEMENTS OF THE ISSUER.
 
 
 end of announcement                               euro adhoc
 --------------------------------------------------------------------------------
 
 
 ots Originaltext: LifeWatch AG
 Im Internet recherchierbar: http://www.presseportal.de
 
 Further inquiry note:
 
 For further information from LifeWatch please contact:
 
 
 
 Kobi Ben Efraim, Chief Financial Officer, LifeWatch AG
 
 Tel +41 52 632 00 50 | Fax +41 52 632 00 51 | E-mail kobibe@lifewatch.com
 
 
 
 Sensus Investor & Public Relations GmbH, Zürich:
 
 Tel +41 43 366 55 11 | Fax +41 43 366 55 12 | E-mail lifewatch@sensus.ch
 
 Branche: Healthcare Providers
 ISIN:    CH0012815459
 WKN:     1281545
 Index:   SPI, SPIEX
 Börsen:  Frankfurt / Open Market / XETRA
 SIX Swiss Exchange / Hauptsegment
 Berlin / free trade
 
 
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