Tulip BioMed, Inc. Announces Recent Appointments to Board of Directors

SAN DIEGO, CA -- (MARKET WIRE) -- May 16, 2007 -- Tulip BioMed™, Inc. (PINKSHEETS: TPBD), a developer of medical devices and patented technologies for the living tissue markets, including plastic, cosmetic, and orthopedic surgeries, today announced that Ernest J. Dronenburg, Jr. and Leonard W. Glass, MD have accepted appointment to the board of directors. These appointments follow the March 14 announcement of John Johnson as CEO and chairman, and John Baldwin and Barry Soper as members of the board of directors. With these appointments, the board of directors comprises four independent, outside directors, and one officer-director.