Longview, TX - October 29, 2002 RTIN Holdings (NASD OTC BB: RTNH), announced today that it has entered into an employment agreement with Tim Hayes to take over the helm as president of Safescript Pharmacies, Inc. a wholly owned subsidiary of the company. Mr. Hayes will be responsible for all operational plans and implementation of the Safescript Pharmacies division, including corporate owned pharmacy development as well as market partner pharmacy development. Mr. Hayes brings over 40 years experience in the pharmacy industry with him to the position. Mr. Hayes has owned and operated over 12 pharmacies as well as an ambulance company and other industry related positions. Mr. Hayes will be replacing Curtis Swanson in this position who has been serving dual roles as president of the parent company as well as Safescript Pharmacies. Mr. Swanson will remain in his role as president and chief operating officer of RTIN Holdings, Inc.
Curtis A. Swanson, President & Chief Operating Officer of RTIN Holdings stated, "This is a tremendous day for all of us here at RTIN Holdings, Inc. We have worked hard to position the company in a manner which would allow us to bring on someone with Mr. Hayes credentials and experience. Mr. Hayes brings so much to the table in the way of industry experience and relationships and will have a very positive impact on the entire organization." Mr. Swanson further stated, "In addition to the positive impact this will have on our Safescript Pharmacies and market partners, this will also free me up to devote more time to the development of our shareholder value in the market and to rekindle relationships in the investment community to bring exposure back to this tremendous business model."
Tim Hayes, President of Safescript Pharmacies, Inc. stated, "I am very excited to be a part of this organization which has so much to offer to the pharmaceutical industry. Electronic prescribing has been on the horizon for pharmacy and Medicaid for several years. Safe Med Systems, Inc. working with Safescript Pharmacies, Inc as its preferred pharmacy provider is bringing this technology to the marketplace. Our stores are in operation now and are extremely successful." Mr. Hayes went on to say, "The application of this technology in medicine and pharmacy have incredible potential!"
Stanley L. Swanson, CEO of RTIN Holdings, Inc. stated, "We are honored to have someone with Mr. Hayes background to now head up our pharmacy division. This is another move in the right direction for the company and our shareholders. We remain committed to building shareholder value in a manner which will create long lasting and consistent growth for years to come."
Safe Med Systems, Inc. T is a medical communications/technology company that provides state-of-the-art, hand-held prescription units loaded with patent-pending software and secure, broadband wireless technology. Safescript Pharmacies, Inc. T is the preferred retail pharmacy provider that specializes in filling prescriptions generated by the Safe Med Systems technology. For additional information please visit our website at www.rtinholdings.com
Contact: Thomas Aigner at tomaigner@rtinholdings.com or by telephone at 903-557-1543.
Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Other risk factors are listed in the most recent Annual Report on Form 10-KSB and Quarterly Reports on Form 10-QSB filed with the Securities and Exchange Commission. Such forward-looking statements involve risks and uncertainties, which may cause the actual results, performance, or achievement expressed or implied to differ.
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