OxyFile #531
Medizone International announces terminated CEO, Joseph
S. Latino, resigns from the company's board of directors.
Contact: Bill Roberts (513) 469-0202
Salt Lake City, Utah - July 9, 1997, - Medizone International,
Inc. ("Medizone") (OTC.BB: MZEI.U) announced today that Joseph S.
Latino, Ph.D. has resigned from the company's board of directors
effective immediately.
Dr. Joseph S. Latino was terminated as Medizone's president, chief
executive officer and chairman by the company's board on May 14,
1997, but in accordance with the corporation's by-laws, he
remained a member of the medizone board of directors. Replacing
Latino as president and full time chief executive officer is
Milton G. Adair (64) who brings over 30 years experience in the
biomedical field. Prior to joining Medizone, Adair was president
and chief executive officer of Biomune Systems (NASDAQ: BIME), and
international company specializing in nutritional aids products.
He held this position since January 1996. From September 1991 to
January 1996, Adair was president and chief executive officer of
Gull Laboratories (AMEX:GUL), an international diagnostic company
with a primary focus in the infectious disease market. Adair had
also served as president and chief executive officer of Mountain
Medical Equipment Company and Orbit Medical Systems (a venture
company in immunochemistry) as well as serving as an FDA liason
officer to ensure compliance on new drug applications and
labeling.
Medizone is developing the utilization of thin film technology in
the application of ozone for the decontamination of blood and
blood products as well as for therapeutic treatment of certain
diseases caused by lipid enveloped viruses, including Aquired
Immunodeficiency Syndrome (Aids), Hepatitis B, Herpes and Epstein
Barr. Medizone is a development state company.