MCLEAN, Va., Aug. 9, 2010 (GLOBE NEWSWIRE) -- Exmovere Holdings, Inc (www.exmovere.com), a biomedical engineering company focused on government and consumer applications for healthcare, mobility, and security, today announced some key additions to its staff. As part of the expansive effort the company is making toward an exchange listing, additional visibility, and articulating the company's value proposition, it has decided to build up a formal investor relations team. Harry Russell, a professional investor and medical technology analyst and Heather Olson, an investor relations professional and an assistant to Mr. Russell for the last four years, will take on Exmovere's investor relations efforts. The company wishes to maintain full transparency with investors as it goes through these important value building steps.
Harry Russell, who will be the company's Vice President of Investor Relations has over 12 years experience investing in small capitalization companies. For the last four years he has been a consultant to various hedge funds, brokerages, and research organizations. Prior to this, Mr. Russell was a Senior Analyst and Assistant Portfolio Manager for the Palladin Group, a New Jersey-based hedge fund. His focus has been on small capitalization public and private life sciences companies particularly in medical devices, specialty pharmaceuticals, and biotechnology. Heather Olson, who will be the company's Assistant Vice President of Investor Relations has been involved in customer relations and service for over 10 years. For the last four years, Mrs. Olson has been involved in investment research, corporate development, and investor relations while working directly with Mr. Russell.
According to David Bychkov, President and CEO of Exmovere Holdings, "There is a need to focus our efforts on additional transparency into the company's vision and value proposition. By adding Harry and Heather to our team, we can both quantify and qualify our various opportunities and keep stakeholders aware of the company's efforts in real time. Our view is that, given the state of the world and the various business opportunities available to the company, establishing a liaison between investors and company management seems paramount." In line with this strategy, Mr. Russell has done a valuation assessment of the company's intangible assets which can be provided at request. It is a very exciting time for the company and investments are beginning to pay off that should allow for ample opportunities to build stakeholder value in the coming months.
As the company welcomes discussion and the ability to showcase its exciting product base, over the coming weeks Exmovere's new IR team will be organizing stakeholder interest groups. This platform will allow for an "up close and personal" product portfolio description as well as discussion of predetermined healthcare topics. The company's view is that the world is evolving and the changes will provide opportunities for both Exmovere specifically and its business segments in general.
The Exmovere Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7861
Certain of the above statements contained in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Actual results, events, and circumstances (including future performance, results, and trends) could differ materially from those set forth in such statements due to various factors, risks, and uncertainties, including, but not limited to, risks associated with the company's future growth and operating results, the uncertainty of market acceptance of the company's products, technological change, competitive factors, and general economic conditions. Except as otherwise required to be disclosed in periodic reports required to be filed by companies registered under the Exchange Act by rules of the Securities and Exchange Commission, the company has no duty and undertakes no obligation to update such statements.