WOODBRIDGE, N.J.--(BUSINESS WIRE)--April 11, 2002--PacificHealth Laboratories, Inc. (Nasdaq: PHLI) today announced the election of Michael Cahr to the Company's board of directors.
Mr. Cahr is currently president of Saxony Consultants, a company that provides financial and marketing expertise to organizations in the United States and abroad. From February 2000 to March 2002, Mr. Cahr served as president and chief executive officer of Ikadega, Inc., a Northbrook, Illinois server technology company that develops products and services for the healthcare, data storage and hospitality fields.
Mr. Cahr was chairman of Allscripts, Inc., the leading developer of hand-held devices that provide physicians with real-time access to health, drug and other critical information from September 1997 through March 1999 and chairman, president, and chief executive officer from June 1994 to September 1997. Prior to Allscripts, Mr. Cahr was Venture Group Manager for Allstate Venture Capital where he oversaw investments in technology, healthcare services, biotech and medical services from October, 1987 to June 1994.
Mr. Cahr serves as a director of Lifecell Corporation, a Branchburg, New Jersey-based, publicly traded tissue engineering company where he has been a board member since 1991. He is also a director of Metropolitan Health Networks, a West Palm Beach, Florida-based public healthcare network management and pharmacy organization as well as a director of Truswal Systems, an Arlington, Texas-based software engineering firm.
Cahr received his undergraduate degree in Economics from Colgate University and his Masters of Business Administration from Fairleigh Dickenson University.
"Michael Cahr brings significant business experience to PacificHealth Laboratories," said Dr. Robert Portman, president and chief executive officer of PHLI. "He has a keen understanding of our business and the dynamics of industry and his counsel will be invaluable as we continue to execute on our plans and programs going forward."
About PacificHealth Laboratories, Inc.
PacificHealth Laboratories, Inc., Woodbridge, NJ was founded in 1995 to develop and commercialize functionally unique nutritional products for sports performance, weight loss and Type 2 diabetes. To learn more about ACCELERADE, Endurox R4 and PacificHealth Laboratories visit www.accelerade.com or www.pacifichealthlabs.com.