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Concentric Medical Names Kimberly Bridges as Vice President of Sales, Announces Receipt of $15 Million Growth Funding
Date:2/15/2008

MOUNTAIN VIEW, Calif., Feb. 15 /PRNewswire/ -- Concentric Medical, Inc., the global leader in devices for clot removal in ischemic stroke patients, today announced the addition of Kimberly Bridges to its management team as Vice President of Sales and the closing of a $15 million line of credit.

"We are delighted to welcome Kim to the Concentric team," commented Gary Curtis, President and CEO of Concentric Medical. "Concentric is entering a very exciting period in our commercialization of the Merci Retrieval System(TM), and Kim brings a wealth of experience in leading sales organizations at this stage of growth." Ms. Bridges has more than 11 years experience in medical device sales, most recently as Director of Sales for Cardiology and Endovascular products at the Cordis division of Johnson & Johnson.

Concentric also announced it has closed on a $15 million revolving line of credit with Horizon Technology Finance. "We are pleased to have Horizon as our new financial partner," said Gary Curtis. "They listened carefully to our financing needs, and delivered a funding solution that is well tailored to our situation, providing maximum flexibility with minimal dilution to our existing stockholders."

About Concentric Medical

Concentric Medical is located in Mountain View, California, and was founded in August 1999. The company manufactures and markets the Merci Retrieval System, which is available in over 250 leading stroke centers around the world. Concentric Medical estimates that over 7,000 patients have been treated with its devices. For more information about Concentric Medical, please visit http://www.concentric-medical.com.

Media Contact: Andrew Gordon

650-810-1701

agordon@concentric-medical.com


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SOURCE Concentric Medical, Inc.
Copyright©2008 PR Newswire.
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