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OrthoNetx,
Inc., a privately-held, Colorado-based leading provider of medical
devices for osteoplastic surgery, today announced that Robert S.
Corrigan has joined the company’s Board of Directors as an outside
Director.
“Bob has significant experience
in investment banking and corporate finance,” said Terry R. Knapp,
President and Chief Executive Officer of OrthoNetx, Inc. “His guidance
will be invaluable as we evaluate various growth strategies and pursue
new opportunities.”
Mr. Corrigan has been
in the financial services and corporate finance industry for over 20
years. Currently and for the last 12 years, Mr. Corrigan has served as
Chairman and Chief Executive Officer of Centennial Capital Group, Inc.,
a Boulder, Colorado based investment banking enterprise which assists
developmental stage and other companies in corporate finance, mergers
and acquisitions and business development.
“OrthoNetx
has many of the key components for success that I look for when working
with new companies,” said Mr. Corrigan. “They are in an exciting
market, have innovative solutions, and a strong management team with a
proven track record. I look forward to working closely with them as we
expand the organization.”
Prior to
founding Centennial Capital Group, Inc., Mr. Corrigan was employed by
the major financial services companies of Merrill Lynch, Pierce Fenner
& Smith, Inc. and Paine Webber, Inc. Mr. Corrigan has been and is
currently a board member and/or advisory board member to numerous
private and public companies including his 1987 appointment to the
Paine Webber Direct Investments Advisory Board. Mr. Corrigan holds a BS
degree from Castleton State College, Castleton, Vermont and an MS from
Youngstown State University, Youngstown, Ohio.
On
September 6, 2005 OrthoNetx, Inc., announced it has signed a definitive
merger agreement with Eye Dynamics, Inc. (OTCBB:EYDY), a leading
provider of health and safety products, with Dr. Knapp to lead the
merged companies as CEO.
About OrthoNetx, Inc.
OrthoNetx,
Inc. designs, develops, manufactures and markets patented, FDA-approved
medical devices and systems for osteoplastic surgery and distraction
osteogenesis-the practice of generating, forming and molding bone.
Physician customers include plastic surgeons, oral and maxillofacial
surgeons, otolaryngologists, and orthopedic surgeons who correct
deformities and deficiencies of the skeleton caused by errors of birth,
trauma, infections and tumors. OrthoNetx, Inc. is also developing a
“smart device” process management system to support a broad range of
medical devices that leverage the body’s physiological and biological
attributes to create medical benefits. The privately-held company is
headquartered in Superior, CO. From more information visit: www.orthonetx.com.
Safe Harbor for Forward Looking Statements
This news release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
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