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Pathway Medical Technologies Adds Joe Rafferty as VP, Sales, and Moves To Larger Facility to Accommodate Rapid Growth
Date:8/20/2007

hilarating!" commented Mr. Rafferty. "My first task is to build a formidable and experienced sales team as quickly as possible."

"I am delighted to be joining the Pathway Medical team at such an exciting time. We are well-positioned for terrific growth as we commercialize the Pathway PV Atherectomy System," he said.

About Pathway Medical Technologies, Inc.

Pathway Medical Technologies, Inc. was founded to develop, manufacture and market medical devices for the treatment of arterial disease. The company's initial focus is treating peripheral arterial disease (PAD) more quickly, safely and effectively than existing technologies. An estimated 14 million people are afflicted by PAD in the United States, and that number is projected to grow to over 20 million during the next 10 years. The company's Pathway PV System allows for a minimally invasive procedure designed to restore circulation in the peripheral arteries by removing both hard and soft diseased tissue.

Nine months ago, the company passed a major milestone when it received a $25 million Series B round of financing from five venture capital investors.

Company Contact:

Thomas J. Clement

CEO/President

(425)636-4122

clementt@pathwaymedical.com


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SOURCE Pathway Medical Technologies, Inc.

Copyright©2007 PR Newswire.

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