MiMedx Group, Inc. Adds Ronald G. Wallace to Board of Directors
Posted on Thu, May. 01, 2008
By MiMedx Group, Inc.
TAMPA, Fla., May 1 --
MiMedx Group, Inc.
(OTC Bulletin Board: MDXG) announced today that Ronald G. Wallace, former
President of UPS International, has been appointed to its Board of Directors,
effective April 29, 2008.
Commenting on the appointment, Thomas D'Alonzo, Chief Executive Officer,
stated "We are delighted to bring someone of Ron's stature, independence and
knowledge to our Board. Ron's financial acumen and his experience with
running a large international business will provide great value to the Company
as he works with the Board and its Audit and Compensation Committees to assist
us in the implementation of our vision and strategy."
Mr. Wallace is the former President of UPS International and member of the
Management Committee that is responsible for the day to day operations of the
company. UPS is a 90 billion dollar company with over 400,000 employees
worldwide. Mr. Wallace's responsibilities included the development of UPS in
over 220 countries. He joined UPS in 1966 and held key management positions
throughout his career. Mr. Wallace served on 34 different UPS boards
throughout the world and was a member of the World Trade Center. He presently
is a director on several boards, including the National Board for Speedway
Childrens Charity. He served as Chairman for the Georgia Governor's Commission
and was responsible for the development of the new City of Milton. Mr. Wallace
is also a Lieutenant, in charge of the reserve unit for the Alpharetta Police
Department, and was awarded the Directors Award last year.
About MiMedx Group, Inc.
MiMedx Group, Inc. is the parent company for MiMedx, Inc., a
development-stage Florida corporation founded in 2006, with technology
focusing on biomaterials for soft tissue repair, such as tendons, ligaments
and cartilage, as well as other biomaterial-based products for other medical
applications. MiMedx, Inc., based in Tampa, Florida, holds an exclusive,
worldwide license from the Shriner's Hospital for Children and the University
of South Florida Research Foundation for certain nordihydroguaiaretic acid
(NDGA) technology. MiMedx is targeting this proprietary technology for a
number of diverse medical applications.
MiMedx, Inc. also has a wholly-owned subsidiary, SpineMedica, LLC, based
in Atlanta, Georgia, led by an industry veteran, R. Lewis Bennett.
SpineMedica, a Florida limited liability company, is a development-stage
company focusing on the commercialization of medical device technologies for
application in the spine and chronic back pain. SpineMedica's goal is to
acquire promising technologies in this field through licensing arrangements
and develop and commercialize such technologies.
For further information, please refer to the Current Report on Form 8-K to
be filed by MiMedx Group, Inc. with the SEC as soon as practicable, which will
be accessible at: http://www.sec.gov/cgi-bin/browse-
edgar?action=getcompany&CIK=0001376339&owner=include&count=40l. You may also
contact Matthew J. Miller, Executive Vice President of MiMedx Group, at
813-866-0000, for additional information.
SOURCE MiMedx Group, Inc.
Matthew J. Miller, Executive Vice President, MiMedx Group, +1-813-866-0000,
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