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Avalon Portfolio Nominates Slate of Directors for TomoTherapy Board
Date:12/29/2008

Latest bid to force TomoTherapy to consider strategic alternatives

MADISON, Wis., Dec. 29 /PRNewswire/ -- Avalon Portfolio, LLC, the investment arm of Avalon Capital Group, announced that on December 23, 2008 it nominated four new directors to serve on the board of TomoTherapy Inc. (Nasdaq: TOMO). This step is the latest move by the investment firm to generate greater value for the company's shareholders in the wake of the precipitous fall in TomoTherapy's stock price since 2007. The company has lost some 85% of its value year-to-date, with most of the decline occurring prior to the meltdown of the financial markets this fall. Avalon's nominees are committed to having the company's board explore all strategic options to maximize shareholder value.

"Unless new management and directors join the company, we believe that TomoTherapy will continue to squander its technological and market leadership," said Jonathan McCloskey, portfolio manager at Avalon Portfolio, which owns more than 4% of TomoTherapy stock. "One look at the company's financial performance clearly illustrates that new strategic perspectives are needed. We are very disappointed that TomoTherapy has failed to seriously engage us in a discussion regarding our views to improve shareholder value."

Avalon's nomination slate includes Jonathan McCloskey, portfolio manager at Avalon, Timothy Dooling, portfolio analyst at Avalon, H. Michael Collins, principal of Collins MacVean, LLC, and Andrew Jones, CEO and President of Argus Systems Group.

Based on TomoTherapy's recent announcements, nine directors will be up for election at the company's upcoming 2009 annual meeting.

TomoTherapy, based in Madison, Wisconsin, markets an integrated CT scanning and radiation therapy -- known commercially as the Hi-Art system -- to hospitals
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SOURCE Avalon Portfolio, LLC
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