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Avantis Medical Systems, Inc. Announces Key Leadership Appointments
Date:8/25/2008

nior Vice President. "Larry brings an impressive record in medical device start-ups and has been instrumental in positioning a number of companies for acquisition and/or an initial public offering. He has been directly involved in developing, acquiring, and/or selling six companies, raising over $200 million and negotiating transactions up to $400 million."

Mr. Tannenbaum's career in finance spans over 30 years. Most recently he served in executive positions at Iridex as Senior Vice President and Chief Business Officer, as well as Chief Financial Officer. Prior to Iridex, Tannenbaum also worked in senior management positions for LJL Biosystems, Arthrocare diabetes start-up Metrika (now Bayer Diagnostics), drug manufacturer Sinogen, and Target Therapeutics (now Boston Scientific). He has also served as a lecturer at the Innovation Program for Stanford University for the past six years. He graduated summa cum laude from Arizona State University and earned his MBA in finance from the University of Utah.

"In Avantis, I see a company poised to leverage its market position to achieve commercial success, and I am proud to be part of the team planning for the company's future success," said Tannenbaum.

About Avantis

Avantis Medical Systems, Inc. is a visualization technology company focused on delivering cost effective solutions for the improved detection and prevention of cancers of the gastrointestinal (GI) tract.

The seasoned Avantis team is developing solutions for the limitations associated with today's technologies that are used to screen, assess and treat cancer throughout the alimentary tract and the body. Avantis has an extensive portfolio of patents covering innovative devices based on the convergent technologies of micro-chips, enhanced video processing and catheter based delivery systems. For more information, visit http://www.avantismedical.com.


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SOURCE Avantis Medical Systems, Inc.
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