DENVER, NC  / August 23,  2019 / CVR Medical Corp. (CVM.V) (TSXV: CVM) (OTCQB: CRRVF) (“CVR Medical”) a Canadian listed and US based healthcare company in the medical device sector announces that Chief Financial Officer (CFO) Mr. Tommy Harris has resigned from his role, effective August 20, 2019. Current Director, Dr. Dallas Hack, will act as interim CFO while an appropriate replacement is found.  

Colonel Hack has had a decorated medical and military career. Prior to his military career, Colonel Hack developed expertise in computer sciences and engineering, and served as Vice President for several biomedical companies. Dr. Hack directed the Combat Casualty Care Research Program (CCCRP) at the US Army Medical Research & Materiel Command (USAMRMC) from 2008 to 2014 where he led and coordinated over $2 billion in Trauma Research and Development funding (including traumatic brain injury) across all Department of Defense groups. The initiatives Dr. Hack developed have dramatically improved trauma care worldwide and have fundamentally changed the way the Food and Drug Administration regulates brain injury product development. Colonel Hack’s other appointments include (among others) Command Surgeon for the Multinational Force in Iraq, Faculty Instructor at the US Army War College in Carlisle, PA, and Commander of the SHAPE Healthcare Facility in Mons, Belgium. Colonel Hack is a recipient the Bronze Star and the Legion of Merit (twice) and was recognized as the 2015 Alumnus of the Year by his medical school, Loma Linda University.

About CVR Medical

CVR Medical Corp. is a healthcare company that operates in the medical device industry focused on the commercialization of its disruptive, proprietary Carotid Stenotic Scan (CSS). The CSS device is a diagnostic tool that encompasses subsonic, infrasonic, and low frequency sound wave analysis technology. The CSS is a patented device designed to detect and measure carotid arterial stenosis. CVR is currently in pivotal clinical trials in preparation for its planned submission to the FDA. CVR is led by an experienced and proven team of professionals with extensive healthcare, medical device, international expansion, regulatory and sales experience. CVR Medical trades on the TSX Venture Exchange under the symbol CVM. Additional information regarding the Company can be found in our recent filings with the SEDAR as well as the information maintained on our website at www.cvrmed.com

ON BEHALF OF THE BOARD:
(signed) “Peter Bakema”
CEO, President & Director

For further information contact:
Peter Bakema, CEO, President and Director
Email: info@cvrmed.com

This press release contains forward-looking information that involves various risks and uncertainties regarding future events related to the Joint Venture and the proposed Financing. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements and are not guarantees of future performance of the Company. 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. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with commercialization of technology and the practice of medicine, (3) a change in health regulations, (4) any number of events or causes which may delay or cease commercialization and development of the Joint Venture, (5) the risk that the Company or the Joint Venture does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, and (8) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
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