Brian Fox Joins Izalex As Vice President Of Technology Development

SANTA BARBARA, Calif., March 16 /PRNewswire/ -- Izalex Incorporated today announced the appointment of Brian J. Fox as Vice President of Technology Development, effective March 1, 2005. Mr. Fox will be based in the company's new Santa Barbara facility. Mr. Fox will have overall responsibility for the design and implementation of the company's central nervous system disorder diagnostic technology. He brings over 25 years of software and product development expertise, and has completed a variety of high profile projects, including the world's first internet on-line banking system for Wells Fargo Bank in 1995.

"Brian's deep expertise in the design and development of software driven products will be invaluable as we refine our NeuroGraph technology in preparation for commercialization," said R. Scott Greer, Chairman and CEO of Izalex. "Brian is an individual who possesses both true technology vision and the patience and organization required to implement that vision."

Mr. Fox previously served as Chief Technology Officer of Roaming Messenger, Inc., a publicly traded company, where he designed and built the company's technology base and helped bring the product to market. Prior to Roaming Messenger, Mr. Fox served as Chief Technology Officer of SupplySolution Inc., a privately-held company funded by Enterprise Partners, Sigma Partners and The Sprout Group. He was employee number two at SupplySolution and developed the flagship product, i-Supply, that currently fuels SupplySolution's growth. Prior to SupplySolution, he founded Universal Access Inc., where he developed the programming language Meta-HTML. Mr. Fox was the second employee at the Free Software Foundation (Project GNU), which is widely utilized in all modern versions of UNIX. Mr. Fox is the author of BASH, the popular UNIX shell.

"I am pleased to be joining the Izalex team and am excited by the potential of the company's core technology," stated Fox. "I look forward to meeting the challenges of transitioning this technology into industry leading commercial products."

About Izalex

Santa Barbara based Izalex was formed to develop and commercialize innovative medical devices that assist physicians in diagnosing and treating psychiatric disorders. The company's product portfolio is based on its proprietary NeuroGraph(R) technology. The NeuroGraph is a portable, turnkey hardware and software system that enables a doctor to run an approximately 20 minute, non-invasive session eliciting detailed electrophysiological data from a patient. Powered by proprietary analytical algorithms, the NeuroGraph compares the patient's response to proprietary databases of normal and patient populations. The software then outputs a diagnostic classification of the patient with a high degree of accuracy. In the fourth quarter of 2004, Izalex raised $1.3 million in a seed round. More information on the company and its principals can be found at the company website http://www.izalex.com/.

CONTACT: R. Scott Greer, Chairman and CEO of Izalex Incorporated,+1-805-879-5240, scott.greer@izalex.com

Web site: http://www.izalex.com/