Escalon(R) Announces Executive ...( WAYNE Pa. Dec. 27 /- Escalon Medi...),Health

WAYNE, Pa., Dec. 27 /PRNewswire-FirstCall/ -- Escalon Medical Corp. (Nasdaq: ESMC) today announced two executive management promotions, effective January 1, 2008. Richard J. DePiano, Jr. has been promoted to President of Escalon Medical Corp. Escalon also announced the promotion of Mark Wallace to Chief Operating Officer.

Mr. DePiano, Jr. joined Escalon in 2003. He most recently served as Chief Operating Officer and General Counsel, managing the ophthalmic diagnostic, surgical products and vascular access business and overseeing all legal matters. Prior to serving in this role, Mr. DePiano, Jr. served as Vice President of Corporate and Legal Affairs. Before joining Escalon, Mr. DePiano, Jr. engaged in private practice of law for eleven years, where he represented individual and business clients in mergers and acquisitions, corporate and securities law matters, venture capital financings and general business and commercial matters.

Mr. DePiano, Jr. received a Bachelor of Science degree from Villanova University and a Juris Doctor Degree from Widener University School of Law. He currently serves as President and as a member of the Board of Directors of the Delaware Valley Corporate Counsel Association ("DELVACCA"). He also serves as Vice Chairman of the Board of Directors of the Montgomery County Industrial Development Authority.

Mark Wallace's career spans over 18 years in the medical device industry. He joined Escalon in 1997, serving most recently as Escalon's Executive Vice President with operational responsibilities for its Escalon Digital Solutions and Trek Medical subsidiaries. He also has held the position of Vice President-Quality, with quality and regulatory responsibilities for all of the Escalon companies, a
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