Crdentia Announces Appointments of David Jenkins and Raymond Dunn to Board of Directors
11 April 2008 - 4:26AM
PR Newswire (US)
Company's Board Expanded to Seven Members Crdentia Corp. (OTC:CRDT)
(BULLETIN BOARD: CRDT) , a leading healthcare staffing company,
today said that its Board of Directors has elected David Jenkins
and Raymond (Jay) Dunn to its Board of Directors, effective
immediately. This announcement expands the Company's Board of
Directors to seven members. John Kaiser, Crdentia's President and
Chief Executive Officer, said, "I am delighted David and Jay have
joined Crdentia's Board of Directors. Each has tremendous depth of
knowledge, healthcare expertise and public company experience that
now can accrue to the benefit of Crdentia. With this announcement,
the strength of our board is further enhanced, and we look forward
to contributions from David and Jay as we continue our efforts to
execute our strategic initiatives to improve Crdentia's operations
and profitably grow our business." Mr. Jenkins is currently the
managing member and general partner of FatBoy Capital, LLC, a
shareholder of Crdentia. In addition, Mr. Jenkins is also a
Director of EP MedSystems, Inc. (NASDAQ:EPMD), a medical technology
company that develops, manufactures and markets cardiac rhythm
management and electrophysiology products, which are used to
diagnose, monitor, visualize and treat irregular heartbeats known
as arrhythmias. EP MedSystems, Inc. recently announced an agreement
to be acquired by St. Jude's Medical, Inc. Mr. Jenkins has also
served as President and a director of Transneuronix, Inc., a
privately-held company engaged in the development of neuromuscular
stimulation devices, until its sale to Medtronic Inc. in 2005. He
is currently a director of Inset Technologies, Inc. and Catheter
Robotics, Inc., both of which are privately held medical device
companies. Mr. Dunn is co-founder and Managing Director of the
Latin Healthcare Fund (LHF), a shareholder of Crdentia, and
Healthcare Investments International LLC (HII), which are US-based
private equity investment groups that invests in healthcare
companies. LHF and HII are affiliates of ACON Investments LLC, to
identify healthcare investment opportunities in the U.S. Mr. Dunn
also served on the Boards of Farmacias Ahumada, the largest
pharmacy chain in Latin America and publicly traded in Chile; and
Integramedica, the largest outpatient services company in Chile.
Prior to LHF and HII, Mr. Dunn was Senior Investment Officer at
Global Environment Fund where he managed the investment program for
Latin America and served on company boards in Argentina, Chile,
Peru and Colombia. He also sourced and analyzed investment
opportunities in Eastern Europe and the Middle East. Mr. Dunn
started his career with Brown Brothers Harriman & Co. as a
banking officer in the Trade and Commodity Finance Group. About
Crdentia Corp. Crdentia Corp., one of the nation's leading
providers of healthcare staffing solutions, is focused on
recruiting talented national and international healthcare
professionals to meet the ever-increasing employment needs of over
2,300 clients. Crdentia is one of the few companies that can
provide quality temporary staff for all healthcare industry
positions including local nurses, travel nurses, allied health,
locum tenens and home care professionals. For more information,
visit http://www.crdentia.com/. Forward Looking Statements
Statements contained in this release that are not historical facts
are forward-looking statements that involve risks and
uncertainties. Among the important factors which could cause actual
results to differ materially from those in the forward-looking
statements include, but are not limited to, those discussed in
"Risk Factors" in the Company's Forms 10-K, Forms 10-Q, and other
filings with the Securities and Exchange Commission. Such risk
factors include, but are not limited to, a limited operating
history with no earnings; reliance on the Company's management
team, members of which have other business interests; the ability
to successfully implement the Company's business plan; the ability
to continue as a going concern; the ability to fund the Company's
business and acquisition strategy; the growth of the temporary
healthcare professional staffing business; difficulty in managing
operations of acquired businesses; uncertainty in government
regulation of the healthcare industry; and the limited public
market for the Company's common stock. The actual results that the
Company achieves may differ materially from any forward-looking
statements due to such risks and uncertainties. Crdentia undertakes
no obligation to revise or update publicly any forward-looking
statements for any reason. Contact Crdentia Corp. John Kaiser, CEO
Phone: 972.850.0780 Fax: 972.392.2722 Jim TerBeest, CFO Phone:
972.850.0780 Fax: 972.392.2722 DATASOURCE: Crdentia Corp. CONTACT:
John Kaiser, CEO, ; or Jim TerBeest, CFO, , both of Crdentia Corp.,
+1-972-850-0780, fax, +1-972-392-2722 Web site:
http://www.crdentia.com/
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