Denver, North Carolina--(Newsfile Corp. - March 11, 2019) - CVR Medical Corp. (TSXV: CVM) (OTCQB: CRRVF) ("CVR
Medical") a Canadian listed and US based healthcare company in the medical device sector announces that James D'Orta. M.D. has
joined the Board of Directors. Dr. D'Orta joins CVR Medical's extensive leadership as the company moves toward market entry of its
disruptive medical device, the Carotid Stenotic Scan (CSS).
Dr. D'Orta is a seasoned business executive, entrepreneur, and physician, with many years of leadership experience in both
clinical and business settings. Dr. D'Orta is known for his strategic insights and contributions on numerous boards of directors in
both the profit and nonprofit sectors; his ability to position new and existing companies for long-term success; and his extensive
national and international network of senior-level contacts in business, government, and nonprofits.
Dr. D'Orta currently services on the Board of Directors of Accuity Delivery Systems, an emerging company that helps hospital
systems reduce risk and improve financial performance through better clinical documentation, inpatient coding, business
intelligence and technology. Previously, he served as a Director of Cogentix Medical (NASDAQ: CGNT), a medical device company that
designs, develops, manufactures and markets technologies for the urology and gynecology markets. As a member of the Governance and
Audit committees and Chairman of the Compensation Committee, he helped oversee a broadening of the company's tech portfolio and its
acquisition by LABORIE Medical Technologies. Before that, he was Acting CEO of ACell, a Maryland-based medical device manufacturer.
Prior to becoming CEO, he served as a member of the Board of Directors and as chairman of the board's Corporate Governance,
Nominating and Compliance Committees. Prior to ACell, Dr. D'Orta served as the Founder and CEO of Consumer Health Services, Inc.,
which provided medical support for the walk-in medical clinics in Duane Reed drugstores. Consumer Health Services was acquired by
Walgreens in 2013. He formerly was an investor, medical advisor and member of the Board of Directors of Minute Clinic, the walk-in
medical clinics which was sold to CVS drugstores. Earlier, he was founder and CEO of LifeLink MD, providing distribution, training
and medical oversight for automated external defibrillators (AEDs), as well as public advocacy and education that helped make AEDS
widely available. That company was later sold to Medtronic. In the 1980s, he was a partner in Professional Emergency Physicians
(PEP), a group of emergency medical physicians with contracts in several leading hospitals in the DC-Maryland-Virginia region. PEP
was later merged into Sterling Health, Inc.
In the 1990s, he served in numerous public service positions, including chairman of the Maryland Governor's Commission on
Emergency Medical Services, which was responsible for keeping Maryland's emergency medical system at the forefront of such systems
nationwide. During this period, he earned honors for his leadership within the medical community and in numerous humanitarian
missions. He currently serves on the Board of Directors of MedStar Health, Inc., the largest provider of acute and in-hospital care
within the tri-state area; and he serves on several nonprofit and community service boards.
Peter Bakema, Chairman and CEO of CVR Medical, states, "We are thrilled to welcome Jim to our Board of Directors and to have his
rare breadth of experience and knowledge going forward. His track record of creating and growing viable businesses into market
leaders leading to successful M&A events speaks to a visionary quality that we strive for at CVR. His involvement in moving our
Carotid Stenotic Scan (CSS) device to market is another confident step towards providing a solution for a major sector of the
healthcare industry beset with high costs and access barriers."
About CVR Medical
CVR Medical Corp. is a healthcare company that operates in the medical device industry focused on the commercialization of its
disruptive, proprietary Carotid Stenotic Scan (CSS). The CSS is a diagnostic tool that encompasses subsonic, infrasonic, and low
frequency sound wave analysis technology. The CSS is a patented device designed to detect and measure carotid arterial stenosis.
CVR is currently conducting clinical trials at leading institutions and has submitted its CSS device to the FDA as a De Novo
application. CVR is led by an experienced and proven team of professionals with extensive healthcare, medical device, international
expansion, regulatory and sales experience. CVR Medical trades on the TSX Venture Exchange under the symbol "CVM" and on the OTCQX
under the symbol "CRRVF". Additional information regarding the Company can be found in our recent filings with the SEDAR as well as
the information maintained on our website at www.cvrmed.com
ON BEHALF OF THE BOARD:
(signed) "Peter Bakema"
CEO, President & Director
For further information contact:
Peter Bakema, CEO, President and Director
Email: info@cvrmed.com
or
Marc S. Lubow.
Executive Vice President
(904) - 923 - 4037
marclubow@cvrmed.com
This press release contains forward-looking information that involves various risks and uncertainties regarding future events
related to the Joint Venture. Such statements are subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained in the statements and are not guarantees of future
performance of the Company. No assurance can be given that any of the events anticipated by the forward-looking statements will
occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's
current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks
and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking
statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent
uncertainties and speculative nature associated with commercialization of technology and the practice of medicine, (3) a change in
health regulations, (4) any number of events or causes which may delay or cease commercialization and development of the Joint
Venture, (5) the risk that the Company or the Joint Venture does not execute its business plan, (6) inability to retain key
employees, (7) inability to finance operations and growth, and (8) other factors beyond the Company's control. These
forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no
obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in
the forward-looking statements.
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. NEITHER THE TSX VENTURE
EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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