MonoSolRx LLC Announces Hiring Of Keith Kendall As Chief Financial Officer

WARREN, N.J. and PORTAGE, Ind., July 25 /PRNewswire/ -- MonoSolRx announced today the hiring of Keith J. Kendall as its new Senior Vice President and Chief Financial Officer.

Mr. Kendall brings to MonoSolRx over 20 years of financial and business leadership experience essential to the current and future growth needs of the company. Most recently Mr. Kendall was the Vice President and Managing Director for the Americas at Hewlett Packard Financial Services. Prior to Hewlett Packard Financial Services Keith was a part of AT&T Capital Corp. from its inception in 1985 until its ultimate sale in 1998. At the time of the sale Mr. Kendall was the President of both AT&T Credit Corporation as well as NCR Credit Corporation.

"Keith brings the necessary senior management and financial experience to help seamlessly grow MonoSolRx LLC while also fulfilling the company's need for more rigorous and sophisticated financial management. Keith's experience in communicating with the appropriate capital markets will also be invaluable as the company moves forward," said A. Mark Schobel, Chief Executive Officer.

Mr. Kendall commented: "I am looking forward to providing the required financial leadership to continue MonoSolRx's extraordinary growth over the last two years. I am confident that my financial experience will be synergistic with the company's strong technological base."

About MonoSolRx LLC (http://www.monosolrx.com). MonoSolRx is a leading drug delivery company that uses film as a fast-dissolve oral drug delivery platform. MonoSolRx LLC's headquarters are based in Warren, New Jersey and its manufacturing facility is located in Portage, Indiana. MonoSolRx previously acquired substantially all of the assets of Kosmos Pharma, including its extensive oral film intellectual property portfolio. MonoSolRx's film oral dosage form looks like a postage stamp and dissolves readily on the tongue to deliver drugs to a patient, replacing the use of conventional tablets and capsules. MonoSolRx currently markets a variety of products together with its marketing partners.

In addition to historical facts or statements of current condition, this press release may contain forward-looking statements. Forward-looking statements provide MonoSolRx's current expectations or forecasts of future events. These may include statements regarding the expected filing date of the sNDA and ANDA drug submissions for various products and the related anticipated date of FDA approvals, anticipated scientific progress on MonoSolRx's research programs, development of potential pharmaceutical products, interpretation of clinical results, prospects for regulatory approval, manufacturing development and capabilities, market prospects for the company's products or product candidates, sales and earnings guidance, and other statements regarding matters that are not historical facts. You may identify some of these forward-looking statements by the use of words in the statements such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe" or other words and terms of similar meaning. MonoSolRx's performance and financial results could differ materially from those reflected in these forward-looking statements due to general financial, economic, regulatory and political conditions affecting the biotechnology and pharmaceutical industries as well as more specific risks and uncertainties facing MonoSolRx. Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect. Therefore, you should not rely on any such factors or forward-looking statements. Furthermore, MonoSolRx does not intend to update publicly any forward-looking statement, except as required by law. The Private Securities Litigation Reform Act of 1995 permits this discussion.

MonoSolRx LLC

CONTACT: Press Inquiries: A. Mark Schobel, +1-219-762-8112, Fax:+1-219-764-4785, mschobel@monosolrx.com, or Business Development Inquiries:Joseph M. Fuisz, +1-202-669-5097, jfuisz@monosolrx.com, both of MonoSolRx,LLC

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