Message #3 From:
Stock News Bot Date: July 24, 2006 07:28:00 AM
MMCV News MicroMed Announces the Appointment of Two New Directors
HOUSTON--(BUSINESS WIRE)--July 24, 2006--MicroMed Cardiovascular, Inc. (OTCBB:MMCV) is pleased to announce that Professor Erwin P. Bauer, MD and Mr. Clifford zur Nieden have joined the company's board of directors.
Prof. Bauer is a member of the board of directors of BB Medtech, a publicly traded Swiss investment company, since 2003. Prof. Bauer has also been a director of Vascular Innovation, Inc., a private Ohio-based endovascular devices company, since 2004. In 2005, Prof. Bauer served as a consultant cardiac surgeon at the Special Hospital for Cardiovascular Surgery Fillip II in Skopje, Macedonia. From 1993 to 2004, he served as senior staff surgeon at the Kerckhoff-Clinic Foundation in Bad Nauheim Germany. Prof. Bauer holds a medical degree from the University of Zurich.
Mr. zur Nieden is a managing partner of Ceres Capital Inc. He is a board member of Dunstone Financial (USA), a provider of professional debt collection solutions established in 1999, and is a co-founder and has been a board member of Inaxio, an information technology services company in Switzerland and Romania, since 2004. He was the logistics director of Carlsberg Switzerland, responsible for its restructuring and reorganization, from 2002 to 2003 and also served as CEO for CoCap Offerings Inc., a private equity trading platform that was merged with a security broker in Switzerland, from 2000 to 2001. Before that, he spent five years with Siemens AG in Germany and the United States to setup the GSM mobile network for the U.S. markets and with Nestle in Singapore as an engineer. Mr. zur Nieden holds a Master of Science in engineering from ETH Zurich (Swiss Federal Institute of Technology).
"We are fortunate to have Professor Bauer and Mr. zur Nieden join our board of directors," said Travis E. Baugh, President and CEO of the company. "Their knowledge of European markets and relationships will be of great benefit to MicroMed in the coming months as we endeavor to expand our international activities."
About our Technology
MicroMed's initial platform in heart failure products is the DeBakey VAD(R) (Ventricular Assist Device) for the treatment of advanced heart failure. There are currently 15 million victims of heart failure worldwide. With approximately 2,000 donor hearts suitable for transplantation becoming available each year in the United States or 4,000 worldwide, MicroMed believes that the DeBakey VAD represents an important therapeutic option for this population. The DeBakey VAD represents a new generation of miniaturized implantable mechanical circulatory support devices. Designed in collaboration with NASA, the Baylor College of Medicine and Drs. Michael DeBakey and George Noon, the DeBakey VAD is intended for adult and pediatric advanced heart failure patients who can no longer provide necessary blood flow with their native heart. The proprietary technology is designed to take over virtually all left ventricular function and concurrently monitor real-time flow parameters.
About MicroMed Cardiovascular, Inc.
MicroMed currently has two ongoing clinical investigations in leading US heart transplant centers to evaluate the safety and effectiveness of the DeBakey VAD for use as a Bridge to Heart Transplantation and for Destination Therapy for patients ineligible for heart transplant. The DeBakey VAD system has been awarded the CE mark for Bridge to Transplant and Destination Therapy for commercial distribution in Europe. The DeBakey VAD Child, the only approved miniaturized implantable VAD in the US, is available for use in children. It has also been awarded the CE mark for commercial distribution in Europe. Over 380 adult and pediatric devices have been implanted worldwide for almost 100 patient years of experience. MicroMed's manufacturing facility, located in Houston, Texas, is ISO 9001/ 13485 certified.
This news release contains certain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These statements by their nature are estimates of future results only and involve substantial risks and uncertainties. Actual results may differ materially from those indicated by these forward-looking statements as a result of various factors including, but not limited to, risks related to: our ability to obtain additional funding to support our business activities; the early-stage market for ventricular assist products and services; an expected dramatic rise in expenses; rapid growth and change in our business; as well as those risks more fully discussed in the Company's reports filed from time to time with the Securities and Exchange Commission. In addition, any forward-looking statements represent our views only as of today and should not be relied upon as representing its views as of any subsequent date. We do not undertake any obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.
The MicroMed DeBakey VAD(R) is an investigational device and is limited by federal law for investigational use in the United States.
