Kenneth Hungerford - TechniScan Insider

TSNI -- USA Stock  

USD 0.0035  0.00165  91.67%

Chairman of the Board

Mr. Kenneth G. Hungerford, II is the Chairman of the Board of TechniScan Inc. Mr. Hungerford had been a member of the Board of TechniScan Utah since February 2007 and served as its Chairman of the Board since June 2009. As a result of the Merger, effective as of October 9, 2009, he became the Company Chairman of the Board. Mr. Hungerford was Chairman of ADAC Automotive, Inc., a privately held automotive supplier, since January 1986 and served as its Chief Executive Officer from January 1996 until March 2007. ADAC is a member of the VAST LLC, a global supplier of automotive parts with operations in China, Brazil, Japan, and Korea. Mr. Hungerford is a member of the board of directors of VAST and serves as a member of its strategic planning committee. Mr. Hungerford was a founding director of Edge Industries, a privately held, capital equipment manufacturer that provides specialized cutting, metering, and dispensing systems for the urethane industry Lomak Petroleum, which was merged into Range Resources, a publicly traded oil and gas company engaged in the acquisition and development of gas resources Applied Image Technology, a development stage, software company that provided computer based parts manuals and was merged into MRO, Inc., a publicly traded software company which was acquired by IBM Brillance Audiobooks, a publisher of audiobooks which was recently acquired by Amazon and WXMI Broadcasting, an independent, local television station in Grand Rapids, MI, that became the local FOX network affiliate, and was sold to COX Broadcasting. Additionally, Mr. Hungerford is currently on the board of trustees of St. Mary Health Care in Grand Rapids, Michigan, which is a member organization in the Trinity Health Network
Age: 65  Chairman Since 2009      
801-521-0444  http://www.techniscanmedicalsystems.com
Hungerford received a Bachelor of Business Administration degree from the University of Notre Dame in 1968 and was registered as a Certified Public Accountant in the State of Michigan since 1970.

Management Efficiency

The company has return on total asset (ROA) of (234.43) % which means that it has lost $234.43 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (5899.8) % meaning that it created substantial loss on money invested by shareholders.
The company currently holds 2.79 M in liabilities. TechniScan has Current Ratio of 0.13 indicating that it has a negative working capital and may not be able to pay financial obligations when they are due.

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Entity Summary

TechniScan, Inc., a development stage company, engages in the research, development, and commercialization of non-invasive medical imaging products for the detection and diagnosis of breast cancer. It intends to develop the Warm Bath Ultrasound system, an ultrasound-based imaging device that provides radiologists with information about the bulk properties of tissue in the breast, as well as images of the tissue structure. TechniScan operates under Medical Devices classification in USA and traded on OTC Market. It employs 5 people.TechniScan (TSNI) is traded on OTC Market in USA. It is located in 3216 South Highland Drive and employs 5 people.

TechniScan Leadership Team

David Robinson, CEO
Cheryl Cook, Director
Joseph Pepper, Director, MBA
Kenneth Hungerford, Chairman
Barry Hanover, Director
John Klock, Executive
Richard Stanley, Director
Steven Passey, CFO
Gerald Richardson, Director

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