NEWTON, Mass.--(BUSINESS WIRE)--Nov. 15, 2005--MFIC Corporation(OTCBB: MFIC)("MFIC") announced today that Eric G. Walters and George Uveges have been appointed to MFIC's Board of Directors. Mr. Walters will serve as the Chairman of the Audit Committee of the Board, with Mr. Uveges also joining that committee. Both Mr. Walters and Mr. Uveges qualify as financial experts as defined under Section 407 of the Sarbanes-Oxley Act. Edward T. Paslawski is stepping down from the Audit Committee Chair position and will exit MFIC's Board after year end.
"We are very pleased to have these talented and experienced professionals join our Board. Both bring significant financial and accounting expertise and executive level public company experience to our organization, while expanding and strengthening the Board's Audit Committee. We believe that they will make an important contribution to corporate governance and the business," commented Irwin Gruverman, Chairman and CEO.
