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Exhibit I
FOR IMMEDIATE RELEASE
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CONTACT: NASDAQ SCM: CMWL, CMWLW
Joseph Raymond, CEO
Complete Wellness Centers, Inc.
407-673-3073
COMPLETE WELLNESS CENTERS, INC. ANNOUNCES
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NEW DIRECTOR AND REALIGNMENT OF MANAGEMENT
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WINTER PARK, FL - June 29, 2000 -- Complete Wellness Centers, Inc. (CMWL, CMWLW)
announced today that it has filled a seat on its board of directors and has
realigned its management positions to more effectively manage its opportunities
and to accomplish its current business objectives. Mr. Russell M. Stokes,
Executive Vice President of Executive Transitions International, has been
elected to fill the vacancy on the board. "We are very pleased that Mr. Stokes
has agreed to help direct CWC in the next phase of our development and are
excited about the business and marketing expertise and skills he brings to our
group," stated Mr. Joseph J. Raymond, Chief Executive Officer of CWC.
Mr. Stokes is the Executive Vice President and a Principal of Executive
Transitions International, Inc. and oversees the firm's marketing services, and
actively facilitates networking opportunities for ETI's clients. Mr. Stokes also
co-hosts a weekly radio show called "Your Career Moves," which is broadcast on
WMAL, an ABC owned, Washington, D.C. based station. This one-hour show is the
only live and internet-active broadcast that addresses career concerns and
aspirations of workers and employers. Mr. Stokes began his career in marketing
with Proctor and Gamble. Other career highlights include being the Southern
Sales Manager for the Franklin Funds, Principal with Florida Growth Company,
Partner with Southern Investment Company, Principal and President of TPT, Inc.
and President of Airtronics, International as well as having been a consultant
to the publishing, food manufacturing, fund raising and investment industries
for 10 years.
Mr. John K. Pawlowski, currently a director of CWC, has been elected Chairman of
the Board of Directors. Mr. Joseph J. Raymond, Jr. will continue in his role as
Chief Executive Officer and Mr. Sergio R. Vallejo will continue in his role as
President and Chief Operating Officer. Mr. Raymond will also assume the duties
of Chief Financial Officer and Treasurer as Ms. Rebecca R. Irish has resigned to
pursue other business opportunities. Mr. E. Eugene Sharer, currently a director
of CWC and formerly the President of CWC will take on the role as Secretary.
According to Mr. Raymond, "This diversification of management responsibilities
will enable CWC to better develop its business opportunities now and in the
future."
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
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well as to provide consumers access to traditional and alternative health
information, products and services. Inquiries may be directed to Joe Raymond 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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