ORCHARD PARK, N.Y., Jan. 14 /PRNewswire-FirstCall/ -- MINRAD International, Inc. today announced the Board of Directors approved the appointment of Charles R. Trego, Jr. as the new Chief Financial Officer and Executive Vice President, effective March 3, 2008. Mr. Trego is joining MINRAD from Hardinge, Inc., where he has been the Chief Financial Officer and Senior Vice President since October 2005. Before that, he served as the Chief Financial Officer and Treasurer of Latham International from August 2003 until September 2005, and as Executive Vice President and Chief Financial Officer of Rich Products Corporation from 1989 to 2003.
In addition, Dennis Goupil, PhD has been promoted to Executive Vice President -- Chief Technology Officer of the Company. Dr. Goupil has previously served as the Senior Vice President Technical for MINRAD since June 2007.
Bill Burns, MINRAD Chairman and CEO, commented "The promotion of Dennis and the recruitment of Chuck Trego greatly enhance the Minrad management team."
tsheehan@minrad.comhttp://www.minrad.com
About the Company
MINRAD International, Inc. is an interventional pain management company with real-time image guidance and anesthesia and analgesia product lines. The real-time image guidance products facilitate minimally invasive surgery especially for pain management and have broad applications in orthopedics, neurosurgery, and interventional radiology. These devices enable medical professionals to improve the accuracy of interventional procedures and reduce radiation exposure. MINRAD International also manufactures and markets generic inhalation anesthetics for use in connection with human and veterinary surgical procedures. The company is developing a drug/drug delivery system for conscious sedation, which, similar to nitrous oxide in dental surgery, provides a patient with pain relief without loss of consciousness. Additional information can be found at the company's website, http://www.minrad.com.
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Factors that may cause actual results to differ materially from those expressed or implied by its forward-looking statements include, but are not limited to, Minrad International's limited operating history and business development associated with being a growth stage company; its dependence on key personnel; its need to attract and retain technical and managerial personnel; its ability to execute its business strategy; the intense competition it faces; its ability to protect its intellectual property and proprietary technologies; its exposure to product liability claims resulting from the use of its products; general economic and capital market conditions; financial conditions of its customers and their perception of its financial condition relative to that of its competitors; as well as those risks described under the heading "Risk Factors" of Minrad International's Form 10-KSB, filed with the Securities and Exchange Commission on March 29, 2007. Although Minrad International, Inc. believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.
CONTACT: Timothy Sheehan, VP-Corporate Development of MINRAD
International, Inc., +1-716-855-1068, tsheehan@minrad.com
Web site: http://www.minrad.com/
