Orgenesis Inc. Appoints Experienced Pubco Development Professional to Board of Directors
April 30 2012 - 8:00AM
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 the appointment of Mr. Yaron Adler
to the Company's Board of Directors.
In 1999 Mr. Adler co-founded IncrediMail Ltd. and served as its
CEO until February 2008 and as President until May 2009. In January
of 2006, Mr. Adler, in participation with MAXIM Investment Banking
Group, led the company to a highly successful IPO on the NASDAQ
exchange in New York. Mr. Alder is also a director as well as avid
investor or advisor with many internet and mobility application
companies and startups which notably includes eToro, Typemock,
inneractive, Traffilog, Triplay and WhiteSmoke, amongst others. Mr.
Adler has enjoyed a lengthy and successful history providing his
consulting services to a number of startup companies encompassing a
varied mix of products, services and technologies. Mr. Adler served
as a Product Manager from 1997 to 1999, and as a software engineer
from 1994 to 1997, at Tecnomatix Technologies Ltd. In 1993, Mr.
Adler held a software engineer position at Intel Israel. He has a
B.A. in computer sciences and economics from Tel-Aviv
University.
Company CEO Jacob BenArie comments, "The addition of Yaron
brings us access to, and the services of, a highly effective serial
entrepreneur and business developer who has successfully led or
been instrumental in assisting firms to grow from startup to IPO on
a number of public markets and continues to assist many of them
currently. He knows what it takes to launch new technologies and
businesses into the marketplace and to attract, grow and hold the
interest and trust of an investment community. We look forward to
his insight and guidance as we move our Company forward."
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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