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Advanced Stent Technologies Announces Jerry Caulder as New Chairman and CEO And Jay Brumfield as President and COO.

PR Newswire

| August 29, 2003 | COPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

PLEASANTON, Calif., Aug. 29 /PRNewswire/ -- Advanced Stent Technologies, Inc. (AST), a medical device company, today announced the appointment of Jerry Caulder, Ph.D., as Chairman and Chief Executive Officer and Jay Brumfield as President and Chief Operating Officer.

Dr. Caulder has extensive experience in executive management and in developing strong operational teams and strategic plans for small technology startups. He started his professional career with Monsanto Company in 1969 where he held various positions until 1984. Between 1984-1998, he served as the President and Chief Executive Officer of Mycogen Corporation until it was sold to Dow Chemical Company. In 1998, Dr. Caulder became Executive Chairman and Chief Executive Officer of Myelos Neuroscience. He served Myelos until it was sold to Biotechnology General Corp. He is currently a member of several Board of Directors and advisory boards, including for Athenix Corp, New Zealand's AgResearch and the Burrill Venture Capital Group.

Dr. Caulder is the former Chairman of the Industrial Biotechnology Association, a predecessor to the Biotechnology Industry Organization (BIO) and has served on BIO's Board of Directors and chaired its Food and Agriculture Section. He has served on and chaired several committees of the U.S. Office of Technology Assessment and advised foreign governments on agriculture and biotechnology. He has been a consultant and speaker to numerous organizations, including the Brookings Institute, The Keystone Group and the World Economic Forum. He has been profiled in Forbes and USA Today and is frequently quoted in the national media.

Dr. Caulder earned his B.S. degree in Biology from Southeast Missouri State University and an M.S. and Ph.D. in Plant Physiology and Agronomy from the University of Missouri at Columbia.

"AST's prospects for building on its leadership role in the development of coronary bifurcation solutions are compelling. I am very excited to become a part of AST," stated Dr. Caulder.

Jay Brumfield, who will ...

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