KCSA
Public Relations
WORLDWIDE NEWS
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Public & Investor Relations, Corporate & Marketing Communications
FOR: SAFESCIENCE, INC.
CONTACTS: Rick Pierce
617-422-0674
[email protected]
KCSA Bonnie Stretch/Paul Holm
CONTACTS 212-896-1206/896-1201
[email protected]/[email protected]
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www.kcsa.com
FOR IMMEDIATE RELEASE
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SAFESCIENCE, INC. ANNOUNCES APPOINTMENTS OF
BRADLEY J. CARVER AS NEW CHIEF EXECUTIVE OFFICER,
BRIAN HUGHES AS CHAIRMAN OF THE BOARD
Boston, MA - May 31, 2000 - SafeScience, Inc. (NASDAQ: SAFS), a
biotechnology-based developer and marketer of chemically safe pharmaceutical,
agricultural, and consumer products, today announced the appointment of Bradley
J. Carver, President, as the company's new Chief Executive Officer. Mr. Carver's
appointment is effective immediately. He retains his title as President. Board
member Brian G. R. Hughes has been named Chairman of the Board.
Mr. Carver, co-Founder of the company, has served as President since 1994. He
has overseen the company's diversification from pharmaceutical to agricultural
products and the consumer and industrial markets. Under his direction, the
Company saw its first revenues in 1999 and made advances in all areas of the
business, from research and development to expanded product lines and new sales
and distribution channels.
Brian G.R. Hughes has been a director of the Company since December 1998. Mr.
Hughes is president of the Association of Alumni and Alumnae of the
Massachusetts Institute of Technology (MIT). Since July 1978, Mr. Hughes has
held a variety of positions with the MIT Corporation, the board that governs
MIT. From February 1989 through April 1995, Mr. Hughes was Vice Chairman and
then CEO of American Rocket Company, which worked to develop and commercialize
safe, clean, low-cost hybrid rocket propulsion.
The SafeScience management team remains otherwise unchanged. John W. Burns, the
Company's Chief Financial Officer, has a broad senior financial executive
background in
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industrial, financial and health care industries. He has served as CFO for South
Shore Hospital in South Weymouth, Massachusetts, and has held corporate finance
and treasury positions with Eastern Enterprises, Allied-Signal, Citicorp
Investment Bank, and International Paper. Kenneth J. Smaha, Chief Operating
Officer, has 30 years' experience in strategic, operational, and financial
management in the consumer packaged goods and industrial manufacturing
industries.
Strengthening its product development and distribution, SafeScience has key
relationships in several industries, including Covance Incorporated, a global
leader in contract drug development, and Daymon Associates, a leading corporate
branding and retail sales company with offices in 16 countries.
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Except for historical information contained herein, the statements made in this
release constitute forward-looking statements that involve certain risks and
uncertainties. Certain factors may cause actual results to differ materially
from those contained in the forward-looking statements, including general market
conditions, factors relating to risk of product non-approval or product
development and market acceptance risks, the impact of competitive products and
pricing, the results of current and future licensing and other collaborative
relationships, the results of financing efforts, developments regarding
intellectual property rights and litigation, and other risks detailed from time
to time in SafeScience's reports on file at the Securities and Exchange
Commission, including SafeScience's Form 10-K for the fiscal year ended December
31, 1999 and SafeScience's Form 10-Q for the fiscal quarter ended March 31,
2000. The Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
This press release is available on the KCSA Public Relations Worldwide Web site
at www.kcsa.com.
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