SAN DIEGO, Oct. 15, 2007 (PRIME NEWSWIRE) -- MicroIslet, Inc. (OTCBB:MIIS) announced today that Amaresh Basu, Ph.D. has been named Vice President, Research and Development. Separately, MicroIslet retained Regulus Pharmaceutical Consulting, Inc., a regulatory affairs and product development firm, to advise on regulatory agency approvals and Quality Assurance systems.