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Bioheart Strengthens Executive Team in Order to Accelerate Business Plan and Enhance Its Position in the Cardiovascular Stem Cell Therapy Industry
Date:8/18/2009

sh-flow, capital-raising, and valuation goals. His capital market achievements include raising more than $1 billion for acquisitions and supporting a multi-billion dollar transformation through a leveraged buyout to an IPO to secondary stock and convertible notes offerings to the spin off into three NYSE-listed companies. Additionally, Mr. Borman's career experience includes management partnering, mergers & acquisitions, restructurings, strategic planning, and turnarounds. During his career, Mr. Borman has held progressively responsible positions with ADC Telecommunications, General Instrument Corporation, First Chicago Corporation, FMC Corporation, Price Waterhouse, and KMG. He is a Certified Public Accountant and Chartered Financial Analyst and his other activities have included board memberships and teaching at the university level.

Of Howard Leonhardt's contributions to Bioheart, Karl Groth says, "Howard has grown the company, and he has pioneered a technology that has begun already to save lives that would otherwise be lost. His vision when founding Bioheart was extraordinary and his place within the cell technology industry cannot be matched. He has grown a company with cutting edge products that effectively treat and monitor the growing population wounded by cardiovascular disease. We are fortunate to be able to see him focus on enhancing our technologies."

The Board of Directors is excited about appointing this experienced team of senior executives. In addition to considering a recapitalization of the company, this new leadership will be focused on developing the four main tenets of our business plan. Foremost will be the efforts to expand sales of Bioheart's heart failure home monitoring system and the TGI 1200 system for obtaining adipose derived stem cells. The task force will also focus on initiation of the second part of the MARVEL Phase II/III muscle stem cell therapy study and beginning enrollment
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SOURCE Bioheart, Inc.
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4. Bioheart, Inc., Announces Letter of Intent to Acquire MEDICALGORITHMICS, Ltd.
5. Bioheart, Inc. Announces Financial Results for Second Quarter 2008
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