SOURCE: PDC Innovative Industries, Inc.

July 11, 2006 08:00 ET

PDC Innovative Industries Announces New Management Team and Relocation of Headquarters

ATLANTA, GA -- (MARKET WIRE) -- July 11, 2006 --P.D.C. Innovative Industries, Inc. (PINKSHEETS: PDCD), www.pdcdinc.com, is pleased to announce the Company's new corporate management team. The senior management will continue to build its executive team to deliver on the growth of the Virtuoso Medical Spa concept.

The Company recently relocated its headquarters to 400 Perimeter Center Terraces, NE, Suite 900, Atlanta, Georgia.

Paul R. Smith, HBA, Chief Executive Officer

Mr. Smith has over 30 years experience as a senior executive managing private and public corporations. Mr. Smith has held the position of President of York Hannover, a $300 million hotel and leisure company; CEO of PDC Innovative Industries, Inc., a publicly traded holding company; CEO of Foodvision.com, Inc., a publicly traded hi-tech hospitality Internet company; and President of PRS Hospitality, Inc., a boutique hospitality consulting company with clients worldwide. Mr. Smith holds an honors business degree from Richard Ivey School of Business, a Harvard affiliate and one of Canada's most prestigious business schools.

Mr. Smith will be responsible for developing the Virtuoso Medical Spa concept across the United States.

Dr. Walter G. Mayfield, Sr. D.O., Chief Medical Officer

Dr. Mayfield is an accomplished physician with specialties in family practice and pharmacy. Dr. Mayfield is the founder of Mountain Park Family Practice, Atlanta, Georgia. Dr. Mayfield has held the following positions: Chairman of the Department of Family Practice for Northlake Regional Medical Center; Chief of Staff at Northlake Regional Medical Center; Member of the Board of Directors of Northlake Regional Medical Center; and Member of the Board of Directors of Georgia Osteopathic Hospital Inc.

Dr. Mayfield received his Doctorate of Osteopathy at the University of Health Sciences in Kansas City, Missouri and his degree in Pharmacy at the University of Mississippi, Oxford, Mississippi.

Dr. Mayfield will be responsible for the Virtuoso Medical Spa operations.

About Virtuoso Medical Spas

Virtuoso has assembled a team of medical professionals with years of experience in plastic surgery, age management and the operation of successful medical practices. Virtuoso's medical spa model involves offering the highest quality non-invasive anti-aging medical procedures and treatments in a relaxing and soothing environment, all performed by highly-skilled physicians and aestheticians.

This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company's public filings with the U.S. Securities and Exchange Commission ("Commission"), press releases and verbal statements that may be made by our officers, directors or employees acting on our behalf which could cause actual results to differ materially from those discussed in the forward-looking statements and from historical results of operations. In addition to statements, which explicitly describe such risks and uncertainties, statements with the terms "believes," "belief," "expects," "plans," "anticipates" and similar statements should be considered uncertain and forward-looking. Factors that might cause such a difference include, without limitation: the uncertainty of the Company's ability to meet capital needs and as further set forth in our public filings filed with the Commission and our press releases.

Contact Information

  • Investor Contact Information:

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