Orgenesis Inc. Increases Depth of Governance With Latest Board Appointee
08 May 2012 - 11:00PM
Marketwired
Orgenesis Inc. (OTCBB: ORGS) ("Orgenesis" or
the "Company"), a development stage company with a novel
therapeutic technology dedicated to convert a patient's own liver
cells into functional insulin-producing cells as a treatment for
diabetes, is pleased to announce and welcome the appointment of Ms.
Etti Hanochi, CPA as our newest addition to the Board of Directors
and member of the compensation committee.
Ms. Hanochi is a Partner at Nextage Ltd. (Israel) a privately
held global financial services organization. Previously she worked
as a Senior Manager for Ernst &Young for nearly 11 years,
focused mainly on hi-tech companies, both public and private. She
has gained vast experience in M&A transactions, accounting and
tax consultation which include broad experience in implementing
internal procedures and controls with a specialty in US GAAP. She
holds a B.A. in Accounting and a Management degree from the
Management College and an MBA from Tel-Aviv University, a Master's
degree in Law from Bar-Ilan University and is a Certificated Public
Accountant.
Company CEO Jacob BenArie comments, "We are very pleased to
welcome Etti to our team. Her background and experience working
with development stage public companies is a perfect fit for our
needs and her business and financial acumen are an extremely
welcome addition. We look forward to working with her throughout
this exciting period of growth."
Orgenesis invites interested readers to visit our website at
www.orgenesis.com to find out more about the Company and its goal
to bring about the end of diabetes as we now know it.
Further details of the Company's business, finances,
appointments and agreements can be found as part of the Company's
continuous public disclosure as a reporting issuer under the
Securities Exchange Act of 1934 filed with the Securities and
Exchange Commission's ("SEC") EDGAR database. For more information
visit: www.orgenesis.com.
About Orgenesis Inc. (OTCBB: ORGS)
Orgenesis is a development stage company with a novel therapeutic
technology that employs a molecular and cellular approach directed
at converting a patient's own liver cells into functional insulin
producing cells, as a treatment for diabetes. The Company believes
that converting the diabetic patient's own tissue into
insulin-producing cells overcomes the problem of donor shortage and
removes the risk of transplant rejection. If successful, this could
mean the end of diabetes as we now know it. For more information
visit: www.orgenesis.com.
Notice Regarding Forward-Looking
Statements This news release contains "forward-looking
statements" which are not purely historical. Such forward-looking
statements include, among other things, the expectations of
management that our regeneration technology can be developed as
therapeutic treatment for diabetes. 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. Actual results could differ from those projected
in any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties
associated with new projects and development stage companies .which
include, without limitation, the potential failure of development
candidates to advance through preclinical studies or demonstrate
safety and efficacy in clinical testing and the ability to pass
clinical trials so as to move on to the next phase, our ability to
retain key employees and our ability to finance development or
satisfy the rigorous regulatory requirements for new medical
procedures. Competitors may develop better or cheaper alternatives
to our products. These forward-looking statements are made as of
the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Investors should refer to the risk
factors disclosure outlined in our periodic reports filed from
time-to-time with the Securities and Exchange Commission.
On Behalf of the Board Orgenesis Inc.
Vered Caplan, Chairperson
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Contact: Investor Relations Crescendo Communications, LLC
Email: orgs@crescendo-ir.com Tel: +1-877-560-9060 Web:
www.orgenesis.com
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