Biologix Hair Inc. (OTCBB:BLGX) (OTCQB:BLGX) has appointed Thomas
M. McDermott to Chair its Board of Directors, replacing Ron Holland
who will remain a Director and the Company's Chief Executive
Officer.
Ron Holland, Biologix Director and CEO, stated, "It has always
been the intent of our management team to separate the roles and
responsibilities incumbent with each of the senior positions,
Chairman of the Board and Chief Executive Officer. I am extremely
pleased to have someone of Thom's extensive experience assume the
leadership position at the Board level and I look forward to
working closely with him and the rest of our team to maximize the
future potential of Biologix for all shareholders."
Thomas McDermott has more than 40 years of management and
executive experience in a wide range of business and government
settings, as well as in business and political consulting. For 22
years, Tom headed up a group of investors who owned seven radio
stations in the Chicago market and served as CEO of Northwest
Indiana Forum, a group representing the needs of large- and
medium-sized industry in a seven-county area for 12 years.
Mr. McDermott served as mayor of Hammond, Indiana from 1983 to
1991, the first Republican elected to that office in 29 years. As
mayor, he was CEO of the municipal government's 1200 employees and
$50 million budget. Prior to his election, Tom managed successful
political campaigns and oversaw circulation for two daily
newspapers, the Chicago Sun Times and Hammond Times.
Tom McDermott attended Utah State and Napa College. He has
received numerous leadership and community service awards,
including the Hammond Chamber of Commerce's "Business Person of the
Year," "Man of the Year" from Greater Hammond Community Services
and the Lake County Economic Opportunity Council Service Award.
Commenting on his appointment, newly appointed Chairman, Thomas
McDermott stated, "I am very honored to serve as the company's
Chairman and believe Biologix is uniquely positioned to capitalize
on its patent-pending breakthrough hair loss prevention and
rejuvenation therapy. Building an international business requires
significant capital resources, strong and effective management and
a clear and concise business plan that defines roles and
responsibilities. I am confident that Biologix has the core
elements necessary to execute and meet the ongoing myriad
challenges that face any growing corporation.
"There is no better feeling than knowing you have done all you
can to contribute to the success of any organization's ability to
fully capitalize on its opportunity. And that is exactly what I
intend to do as Chairman of Biologix," continued McDermott.
About Biologix Hair Inc. and Biologix Hair Science Ltd.
Biologix Hair Inc. (Biologix Hair), together with its wholly
owned biotechnology subsidiary, Biologix Hair Science Ltd. (TM)
(BHS), is focused on realizing the full market potential for its
patent-pending hair loss formula - Biologix Revive - and its
demonstrated ability to prevent and reverse the effects of
alopecia, which plagues hundreds of millions worldwide.
Between mid-2004 and mid-2012, more than 30,000
pre-clinical-trial treatments of Biologix Revive were administered
to 5,000-plus patients in South America suffering with varying
degrees of alopecia, as well as people seeking preventive
treatment. The participating treatment clinicians subjectively
observed and reported that virtually 100% of preventive care
clients continued to retain their healthy hair and an estimated
80-85% of the males and 90-plus% of the females treated for hair
regeneration experienced significant regrowth of their own natural
hair. And among alopecia areata patients, virtually total hair
regrowth was observed in 100% of the cases. To date, no negative
side effects have been reported.
BHS is currently focused on obtaining FDA approval for its
breakthrough hair loss prevention and regeneration therapy and has
initiated a research and development program with one of the
world's leading medical research universities, the Beijing
Institute of Technology (BIT). The R&D program, expected to
take approximately twelve months to complete, is an important final
step before formal clinical trials and the FDA approval process
begins.
Additionally, on May 11, 2012, Venable LLC, the Washington-based
law firm overseeing the worldwide IP and regulatory approval
processes on behalf of BHS, filed a Patent Cooperation Treaty (PCT)
application on behalf of BHS for Biologix Revive in Geneva,
Switzerland. The PCT is an international treaty, administered by
the World Intellectual Property Organization (WIPO), to which 144
countries have as of now contracted, including Canada and the
United States.
Biologix management is determined to be in a ready position to
capitalize on the high-margin sales potential of the Biologix Hair
Therapy System(TM), if and when FDA and other major market
approvals are forthcoming.
As BHS advances the regulatory approval process, Biologix Hair,
together with wholly owned subsidiary companies operated by BHS,
are rapidly developing a global distribution network of licensed
clinicians and medical practitioners seeking to become Certified
Biologix Hair Therapists(TM) and secure exclusive territorial
purchasing and treatment rights for the Biologix Hair Therapy
System(TM).
Biologix Hair has decided not to risk creating any potential
regulatory conflicts by offering treatment outside the United
States and other major high-product-margin markets until FDA
approval has been granted. Therefore, the Biologix Hair Therapy
System(TM) is not yet available other than to the 5,000+ patients
who participated in the pre-clinical-trials conducted in South
America.
To learn more about Clinician Licensing opportunities, Click
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Disclaimer
This announcement is not an offer to sell any Biologix Hair Inc.
("Biologix") securities. Offers for any given security are made
only through applicable offering circulars and related documents
filed with the SEC pursuant to the Securities Act of 1933 or the
Securities Exchange Act of 1934. Certain statements contained
herein and subsequent oral statements made by and on behalf of
Biologix may contain "forward-looking statements". Such
forward-looking statements are identified by words such as
"intends," "anticipates," "believes," "expects" and "hopes" and
includes, without limitation, the development of treatment centers
and approval from regulatory authorities. Forward-looking
statements express our expectations or predictions of future events
or results. They are not guarantees and are subject to many risks
and uncertainties. There are a number of factors beyond our control
that could cause actual events or results to be significantly
different from those described in the forward-looking statements.
Any or all of our forward-looking statements in this report or in
any other public statements we make may turn out to be wrong. We
undertake no obligation to publicly update or review any
forward-looking statements, whether as a result of new information,
future developments or otherwise. In Canada, Europe and the United
States, the Biologix treatment is not approved for use by Health
Canada, EMA or the FDA. The company makes no representations that
it will receive Health.
Contacts: Biologix Hair Inc. Corporate Communications Toll Free:
1 855.292.8585 902.801.7920CorporateCommunications@BiologixHair.com
www.BiologixHair.com
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