Ventripoint Appoints Dr. Samuel Schwartz Chair of Business Advisory Committee
Toronto, Ontario, March 14, 2018 – Ventripoint Diagnostics Ltd. (“Ventripoint” or the “Company”, TSXV:VPT) is pleased to announce that it has created a Business Advisory Committee (BAC) and has appointed Dr. Samuel Schwartz as the inaugural Chairman. The BAC will provide senior management and the Board of Directors with strategic advice on matters including, but not limited to, financing alternatives and opportunities, market opportunities, human resource insights, and new technology perspectives, in addition to carrying out special assignments.
“We are very pleased to have Sam’s many years of assisting small companies to grow internationally at our disposal,” stated Dr. George Adams, CEO of Ventripoint. “This is especially important at this time as the Company looks at strategic approaches to growing its business.”
“I am excited to have the opportunity to bring together a world-class group to advise Ventripoint on its goal to achieve better cardiac diagnosis and monitoring for everyone, especially children,” commented Dr. Schwartz.
Sam is the founder of The Strategic Law Group. He previously was the Managing Partner of the Toronto office of DLA Piper Canada LLP, where he practiced in the areas of corporate/commercial, corporate finance, structuring, and securities law, including merchant banking and public and private company transactions. His diverse client base included Canadian and foreign companies involved in the life sciences, biotechnology, and computer hardware and software. Sam has regularly assisted established as well as start-up companies in accessing the capital markets both in Canada and the United States. In addition, he has assembled professional teams to assist Canadian companies in their business development efforts worldwide.
Among Sam’s community involvements, he served on The Strategic Planning Committee of the Baycrest Centre for Geriatric Care; The National Board of Directors of the Canadian Friends of Hebrew University; The National Campaign Cabinet of the Canadian Cancer Society; and the Board of Directors of Mount Sinai Hospital Foundation. He also served on the Board of Governors of York University and is presently a Life Honorary Governor of the University.
Sam received his JD and LLB from Osgoode Hall Law School of York University and was called to the Ontario Bar in 1974 and the Alberta Bar in 1978. Previously, he received an MA degree from York University and a BA degree from the University of Toronto. In 2010, he was recognized by Osgoode Hall Law School by being awarded a Gold Key for Outstanding Achievement. In 2015, he was awarded an Honorary Doctorate Degree from York University for Outstanding Contributions to the Canadian Community.
About Ventripoint Diagnostics Ltd.
Ventripoint’s technology is a leading Artificial Intelligence (AI) approach known as Knowledge-Based Reconstruction (KBR) to create applications to monitor heart disease, a leading cause of death worldwide. The VMS+ is the first cost-effective and accurate AI tool for measuring whole heart function using conventional ultrasound. The Corporation has developed a suite of applications for all major heart diseases and is actively commercializing the approach to improve cardiac care.
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FORWARD-LOOKING STATEMENTS: The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address Ventripoint’s expectations, should be considered forward-looking statements. Such statements are based on management’s exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intend" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect a current view of future events and are subject to certain risks and uncertainties as contained in the Corporation's filings with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results could differ materially from those anticipated in these forward-looking statements. The Corporation undertakes no obligation, and does not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events. Although management believes that expectations are based on reasonable assumptions, no assurance can be given that these expectations will materialize.