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Paul J. Mirabella, President and CEO of Naviscan PET Systems Inc., Joins GenVault's Board of Directors
Date:6/12/2008

CARLSBAD, Calif., June 12 /PRNewswire/ -- GenVault Corporation today announces Paul J. Mirabella, Chairman and CEO of Naviscan PET Systems Inc., has joined its Board of Directors. Mr. Mirabella has more than 30 years of experience in diagnostic imaging with GE Healthcare where he held leadership roles in technology, marketing and global business management. Drawing on this substantial background in diagnostics and the healthcare market, he will help guide GenVault's entry into new biosample management markets as well as streamline operational efficiencies.

"Mr. Mirabella's deep business experience and understanding of the healthcare industry will be extremely valuable as we develop new technologies to expand our addressable markets. We are extremely honored to welcome Mr. Mirabella as a key member of the GenVault team," said David Wellis, CEO of GenVault.

"Biosamples are the conduit of information from the patient to clinicians and researchers. Advances in the handling of these samples will result in more efficient diagnosis, therapy development and ultimately a healthier population. I'm pleased to participate in building such a critical solution," said Mr. Mirabella.

Mr. Mirabella's previous experience includes leadership roles at GE Healthcare in ultrasound, computed tomography (CT), magnetic resonance, and sales and services. Mr. Mirabella holds four patents in CT and has participated in a variety of successful global product launches. Prior to joining Naviscan, he was President and CEO of Global Diagnostic Imaging, while retaining responsibility for the commercial leadership of sales, marketing and services in the Americas. Mr. Mirabella obtained degrees in aerospace engineering and applied mechanics from Polytechnic Institute of New York and a Masters in mechanical engineering from the University of Central Florida. He is a graduate of the GE Business Management Program accredited by the University of Wisconsin-Whitewater.

Mr. Mirabella is also on the Board of Directors for the Vince Lombardi Charitable Funds in Milwaukee, the RSNA Research and Education Board, AMIRSYs, Inc., served on the Wisconsin Governor's Economic Council, and an owner/director of several private companies in Wisconsin.

About GenVault

GenVault is the global leader in providing biosample workflow, transport, and storage solutions for genomic medicine, discovery and identification. Today, GenVault is empowering over 150 pharmaceutical companies, medical centers, academic institutions and law enforcement agencies to more fully leverage the rapidly growing genomics industry. As a scalable and reliable alternative to traditional freezers and DNA purification systems, the company's dry state platform enables the extraction, preservation, recovery, and distribution of DNA at room temperature. Future systems will also accommodate proteins and RNA to provide a comprehensive solution. From GenPlate to the Dynamic Archive, GenVault is continuously developing and refining best practices for DNA sample management and preservation. For more information visit GenVault at http://www.genvault.com

EDITORIAL CONTACTS:

David Wellis, CEO or

Kerri McWeeny, Director of Marketing

GenVault Corporation

(760) 268-5256


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SOURCE GenVault Corporation
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