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Top Spin Appoints Yaron Tal President and Chief Executive Officer, Erez Golan, TopSpin Medical's Founder and Current Chief Executive Officer, Will Continue as a Board Member and Consultant
Date:10/4/2007

TEL AVIV, Israel, October 4 /PRNewswire-FirstCall/ -- TopSpin Medical (TASE: TOPMD), the developer of a unique technology for high-resolution MRI using an IntraVascular MRI (IVMRI) catheter for the coronary arteries, announced today the appointment of Yaron Tal as President and Chief Executive Officer. Yaron Tal will be replacing Erez Golan who will continue to serve as a board member and consultant to the company.

Mr. Golan founded Topspin in 1999, and has led the company from the initial development stage. During this time period, Mr. Golan spearheaded the development of the company's unique core MRI technology and its first cardiology product, obtaining CE mark, establishment of clinical infrastructure, initial distribution agreements in Europe as well as completion of data collection required for the FDA submission.

Mr. Tal joins Topspin Medical from Galil Medical, a global medical device company whose cryotherapy systems for Urology, Gynecology and Radiology related diseases were sold in 2006 for double-digit million dollars, where he held the position of President & Chief Executive Officer for the last 4 years. Prior to joining Galil Medical, Mr. Tal served as CFO and acting manager of DEP technology holding Ltd, the investment arm of Elron Electronic Industries Ltd and Discount investments Corporation Ltd. Mr. Tal began his professional career in the offices of Prof . Swary - Itzhak Swary & Co financial consulting - and has since accumulated significant experience in mergers and acquisitions.

Mr. Golan, TopSpin's CEO, commented: "Topspin has been my life work for almost a decade. I founded the company and lead it from its inception. After 8 intensive years of hard work and accomplishments, today Topspin is a mature company ready to take the next step. I feel that this is the right time for new forces to join ranks and I wish all the best to my successor Mr. Yaron Tal"

Mike Berman, Topspin's Chairman of the Board said: "Topspin i
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SOURCE TopSpin Medical Israel Ltd
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