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WOUNDTEK, INC ANNOUNCES
NEW ADDITION TO ITS BOARD OF DIRECTORS: DAVE JOHNSON OF AMERICAN
POWER CONVERSION (NYSE:APCC)
NEWPORT, RI, October 22, 2006
-- WoundTEK, Inc., a privately held medical
device company, announced today that it has recruited a new member
to its Board of Directors; David Johnson, Vice President of Global
Sales and Marketing for American Power Conversion.
"We are very happy to welcome David Johnson
to our team of Directors. Dave has a great track record for success.
He brings a unique skill set to bear that will help us grow our
company rapidly and successfully over the years to come.”
Said Andrew Reilly, WoundTEK, Inc. Chief Executive.
WoundTEK, Inc., which grew over 300% in revenues
in the first three quarters of 2006 is poised to become a leader
in the wound closure market space. “I am delighted to be part
of such a strong team and to be involved with a company that looks
poised to become a leader in its market place”, said Dave
Johnson.
Dave is currently the Vice President of Global
Sales and Marketing for American Power Conversion with annual revenues
exceeding $2 billion, is the leading provider of hardware and software
designed to protect computer, networking, and storage equipment
for both business and consumer applications. As Vice President of
Global Sales and Marketing he leads APC’s regional and global
teams with staff of approximately 2000 people. Dave has also served
as Vice President of the Americas leading the sales and marketing
of APC solutions in North and Latin America where he was responsible
for revenue in excess of $1 billion annually. He also served as
general manager, APC Rack Systems, a $200 million product division
of APC. Since joining APC in1989, Dave has held multiple product
management, sales management and general management positions. Dave
began his career with GE Plastics, serving as a financial analyst
from1986 to 1989. Johnson has a BS in Economics from Cornell University.
He is married with three children and resides in Middletown, RI.
WoundTEK, Inc based in Newport, RI is a
medical device company focused on the closure of large wounds and
skin deficits caused by trauma or surgery. The company manufactures
The S.T.A.R. Device. The first minimally invasive tissue expansion
device, The S.T.A.R. rapidly closes large open wounds that cannot
be closed using primary closure methods. The S.T.A.R. is a simple,
effective and proven method of closing large wounds, chronic wounds,
and skin deficits.
Large wound closure is a major health care problem
worldwide and is one of the leading causes of deadly infections
in the United States. Almost 2,00,000 trauma cases and surgical
procedures each year are faced with the challenge of closing large
wounds and skin deficits. Current procedures to close large wounds
can be technically demanding, increase the risk of infection, and
be very invasive, painful, and have deep scaring effects to the
tissue. The S.T.A.R. System reduces many of the challenges that
are currently faced by surgeons today.
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This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are necessarily
estimates reflecting the best judgment of our management and involve
a number of risks and uncertainties that could cause actual results
to differ materially from those suggested by the forward-looking
statements. These forward-looking statements should, therefore,
be considered in light of various important factors, including the
following: timing and success of product development and market
acceptance of developed products; regulatory approvals, clearances
and restrictions; guidelines and recommendations in the health care
and patient communities; intellectual property positions and litigation;
competition in the medical device industry and in the specific markets
of surgery in which WoundTEK operates; unanticipated manufacturing
disruptions, delays in regulatory approvals of new manufacturing
facilities or the inability to meet demand for products. Words such
as "estimate," "project," "plan,"
"intend," "expect," "anticipate,"
"believe" and similar expressions are intended to identify
forward-looking statements. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. We undertake no obligation to
publicly update or release any revisions to these forward-looking
statements to reflect events or circumstances after the date of
this press release or to reflect the occurrence of unanticipated
events.
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