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DFB Pharmaceuticals, Inc. Names Michael Steadman President, Tissue Management For Healthpoint



10/19/2005 5:10:08 PM

FORT WORTH, Texas, Feb. 24 /PRNewswire/ -- H. Paul Dorman, Chairman and CEO of DFB Pharmaceuticals, Inc. has announced that Senior Vice President of DFB Michael E. Steadman has been named President of Tissue Management at HEALTHPOINT, Ltd., DFB's sales and marketing affiliate company.

"DFB has experienced considerable growth, culminating in recent acquisitions and expansion into new markets and new research areas. We now have additional opportunities to refine our organization as we meet customer demand," said Mr. Dorman. "Michael has the drive, the experience, and the track record to provide excellent leadership during our next phase of development in the pharmaceutical industry."

HEALTHPOINT Tissue Management, based in Fort Worth, Texas, focuses on the research, development, and marketing of branded pharmaceuticals, biologicals, over-the-counter drugs, and advanced medical devices.

With a 150-person sales organization serving the needs of healthcare practitioners treating chronic wounds, HEALTHPOINT is a company that is advancing pharmaceuticals and biologics in wound care. As President, Mr. Steadman will continue to lead his company toward advances in pharmaceutical development and biologics. He has been a major contributor to the company's growth from the inception of the Tissue Management business through the many business development activities critical to the evolution of the company as a leader within the chronic wound care marketplace. He has served in various executive positions for HEALTHPOINT's Tissue Management team since joining the company in 1992.

Mr. Steadman has more than 16 years experience in the medical and pharmaceutical industries. In addition to his 12 years at HEALTHPOINT, he spent five years in sales management for a major healthcare company in Irving, Texas.

Initially, his role at HEALTHPOINT included developing the original HEALTHPOINT sales force, which has now grown into a multi-divisional professional organization with international reach. In 1996, Mr. Steadman was promoted to Vice President of Sales for the Acute Care and Extended Care Divisions, and in 1999 he was promoted to Senior Vice President of Sales and Marketing for the Medical Division. In 2000, he was promoted to Senior Vice President of DFB Pharmaceuticals. In 2002, he led the formal strategic planning process for the DFB companies and continues to be a member of the management board.

"Michael's determination and creative approach were critical to developing, building, and expanding our company," said Mr. Dorman. "His tireless search for new business opportunities is a hallmark of the division."

"These changes will position DFB Pharmaceuticals and its affiliates for future growth by keeping our structure more in line with the majority of the players in the pharmaceutical industry," continued Mr. Dorman.

DFB Pharmaceuticals, Inc. is a privately held corporation that provides technology-driven pharmaceutical products, outsourcing services, and licensing opportunities to the healthcare industry worldwide through its branded marketing affiliate organizations and contract partners. Headquarters are in Fort Worth, Texas. Affiliates include DPT Laboratories, Ltd., and HEALTHPOINT, Ltd. Visit http://www.dfb.com/ for additional information.

Since its inception in 1992, HEALTHPOINT Tissue Management has established a U.S. presence in the research, development, and marketing of branded pharmaceuticals, over the counter drugs, and medical devices. An aggressive research and development effort has brought HEALTHPOINT's unique technologies to the market, setting the pace for its highly trained field sales organization of direct sales representatives. HEALTHPOINT also has a subsidiary headquartered in Peterborough, Ontario, Canada, HEALTHPOINT Canada LLC. Visit HEALTHPOINT's web site at http://www.healthpoint.com/ .

DFB Pharmaceuticals, Inc.

CONTACT: Yvonne Rodriguez of HEALTHPOINT, +1-800-441-8227, orYvonne.Rodriguez@HEALTHPOINT.com


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