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 Saddle River, NJ— (October 20, 2005) PDI, Inc. (NASDAQ: PDII) a diversified sales and marketing services provider to the biopharmaceutical and medical devices and diagnostics industries, announced the hire of Michael Cotton as Executive Director of Business Development, a newly created position within the expanding Performance Sales Teams Business Unit. Cotton reports directly to Carl Sailer, Vice President of Marketing and Business Development.
In this new position, Cotton will be responsible for identifying and cultivating prospective client relationships, and overseeing the process used by PDI in business development. "The industry recognizes PDI as offering a world class outsourced sales solutions organization," states Cotton. " It will be exciting to be part of a market leading organization and the business development team here, and to have the opportunity to leverage my skill set to proactively grow the business."
Cotton brings to the job over 18 years experience in operations and new business development within the pharmaceutical, dental and chemical industries. He has an MBA in Marketing from Fairleigh Dickinson University, and a BS in Chemical Engineering from Northeastern.
"PDI has made the commitment to be 'best in class' in all areas of our business. To this end we are focusing on the internal and external resources we need to continue to grow and expand. The addition of Michael Cotton to our Performance Sales Teams Business Unit only strengthens our position. I look forward to working with him," said Carl Sailer.
For more information contact:
Stephen P. Cotugno
Executive Vice President-Corporate Development
PDI, Inc.
201-574-8617
About PDI
PDI, Inc. (NASDAQ: PDII) is a diversified sales and marketing services provider to the biopharmaceutical industry. PDI's comprehensive set of outsourced sales and marketing solutions is designed to increase its clients' strategic flexibility and enhance their efficiency and profitability. Headquartered in Saddle River, NJ, PDI also has offices in Pennsylvania and Illinois.
PDI's sales and marketing services include our Performance Sales Teams™, which are dedicated teams for specific clients; and Select Access™, our targeted sales solution that leverages an existing infrastructure; marketing research and consulting; and medical education and communications. The company's experience extends across multiple therapeutic categories and includes office and hospital-based initiatives.
PDI's commitment is to deliver innovative solutions, unparalleled execution and superior results for its clients. Through strategic partnership and client-driven innovation, PDI maintains some of the longest standing sales and marketing relationships in the industry. Recognized as an industry pioneer, PDI remains committed to continued innovation.
For more information, visit the Company's website at www.pdi-inc.com.
Forward-Looking Statements
This press release contains forward-looking statements regarding future events and financial performance. These statements involve a number of risks and uncertainties and are based on numerous assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond PDI's control.
Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are general economic conditions, changes in our operating expenses, adverse patent rulings, FDA, legal or accounting developments, competitive pressures, failure to meet performance benchmarks in significant contracts, changes in customer and market requirements and standards, the impact of
any stock repurchase programs, and the risk factors detailed from time to time in PDI's periodic filings with the Securities and Exchange Commission, including without limitation, PDI's Annual Report on Form 10-K for the year ended December 31, 2004, and PDI's periodic reports on Form 8-K filed with the Securities and Exchange Commission since January 1, 2005. The forward looking-statements in this press release are based upon
management's reasonable belief as of the date hereof. PDI undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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