Bacterin International Holdings, Inc. (NYSE MKT: BONE), a leader in the
development of revolutionary bone graft material and coatings for
medical applications, today announced the selection of O’Hara
Associates, Inc. of Deerfield, Illinois to assist in the recruitment of
a Chief Executive Officer.
The recommendation to retain the firm was made by the Board’s
Nominations and Corporate Governance Committee. “Our selection of O’Hara
Associates was based on its expertise and history of locating senior
executives for companies in the medical technology sector,” said Jon
Wickwire, Director and Chairman of Corporate Governance and Nominating
Committee for Bacterin International. “While we have already received a
number of candidates, our goal will be to move through the selection
process prudently and expeditiously so that we can focus on growing the
business and developing the markets we serve.”
The Search Committee engaged in an extensive process that included the
review of three proposals, and numerous interviews with search
consultants from around the country.
O’Hara Associates is headed by Dan O’Hara who brings more than 20 years
of experience in executing retained search projects at the CEO level for
various client organizations within the medical device, pharmaceutical,
and Healthcare IT sectors.
About Bacterin International Holdings
Bacterin International Holdings, Inc. (NYSE MKT: BONE) develops,
manufactures and markets biologics products to domestic and
international markets. Bacterin's proprietary methods optimize the
growth factors in human allografts to create the ideal stem cell
scaffold to promote bone, subchondral repair and dermal growth. These
products are used in a variety of applications including enhancing
fusion in spine surgery, relief of back pain, promotion of bone growth
in foot and ankle surgery, promotion of cranial healing following
neurosurgery and subchondral repair in knee and other joint surgeries.
Bacterin's Medical Device division develops, employs, and licenses
coatings for various medical device applications. For further
information, please visit www.bacterin.com.
About O’Hara Associates, Inc.
Headquartered in Deerfield, Illinois, our experience spans more than 20
years in retained executive search consulting. Our client base includes
large and mid-cap multinational, public and private enterprises, as well
as a range of premier private equity and venture financed companies. For
more information about our firm please visit us at: www.oharainc.com
Important Cautions Regarding Forward-looking Statements
This news release contains certain disclosures that may be deemed
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 that are subject to significant risks and
uncertainties. Forward-looking statements include statements that are
predictive in nature, that depend upon or refer to future events or
conditions, or that include words such as "continue," "efforts,"
"expects," "anticipates," "intends," "plans," "believes," "estimates,"
"projects," "forecasts," "strategy," "will," "goal," "target,"
"prospects," "potential," "optimistic," "confident," "likely,"
"probable" or similar expressions or the negative thereof. Statements of
historical fact also may be deemed to be forward-looking statements. We
caution that these statements by their nature involve risks and
uncertainties, and actual results may differ materially depending on a
variety of important factors, including, among others: the Company's
ability to launch beta and full product releases; the Company's ability
to meet its obligations under existing and anticipated contractual
obligations; the Company's ability to develop, market, sell and
distribute desirable applications, products and services and to protect
its intellectual property; the ability of the Company's sales force to
achieve expected results; the ability of the Company's customers to pay
and the timeliness of such payments, particularly during recessionary
periods; the Company's ability to obtain financing as and when needed;
changes in consumer demands and preferences; the Company's ability to
attract and retain management and employees with appropriate skills and
expertise; the impact of changes in market, legal and regulatory
conditions and in the applicable business environment, including actions
of competitors; and other factors. Additional risk factors are listed in
the Company's Annual Report on Form 10-K under the heading "Risk
Factors." The Company undertakes no obligation to release publicly any
revisions to any forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events, except as required by law.
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