Exhibit I
FOR IMMEDIATE RELEASE
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CONTACT: NASDAQ SCM: CMWL, CMWLW
Joseph Raymond Jr.
Complete Wellness Centers, Inc.
407-673-3073
COMPLETE WELLNESS CENTERS, INC.
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ANNOUNCES MANAGEMENT RESIGNATIONS
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WINTER PARK, FL - September 20, 2000, -- Complete Wellness Centers, Inc. (CMWL,
CMWLW) announced today that Joseph J. Raymond Jr. has resigned as the Chief
Executive Officer and Chief Financial Officer effective September 29, 2000.
Also, Sergio Vallejo, the President and Chief Operating Officer of the company
has also resigned effective September 29, 2000. The board of directors accepted
the resignations in its meeting today. They will both remain as directors of the
company. The board named E. Eugene Sharer as the interim President and Chief
Financial Officer effective September 30, 2000. Mr. Sharer is currently the
Secretary and a director of the company.
Complete Wellness Centers, Inc. is a nationwide organization that endeavors to
provide member healthcare practices with administrative, developmental,
financial and practice management consulting assistance, as well as to provide
consumers access to traditional and alternative health information, products and
services. Inquiries may be directed to the corporate office at 407-673-3073 or
at www.completewellness.com.
The Company, from time to time, may discuss forward-looking information. This
press release contains forward-looking statements, which are estimates by the
Company's management. Such statements are subject to various risks and
uncertainties that may be beyond the Company's control, and may cause results to
differ from management's current expectations and should not be relied upon by
the investors in the Company.
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