F. Duwaine Townsen Joins SpectraScience Board of... (O/Chairman and General Partner of six ve...)

F. Duwaine Townsen Joins SpectraScience Board of Directors

Date:7/28/2009

O/Chairman, and General Partner of six venture funds, his business background is one of strong corporate governance, business management, financial planning and controls, and his areas of technical expertise are in healthcare and biotechnology.

Mr. Townsen currently serves as a director on the board of Sequal Technologies, a privately held high-technology company. During the past twenty years, Mr. Townsen has served on the Board of Directors for ten publicly held companies, including Agouron Pharmaceuticals, Inc., Brooktree Corporation, Cymer, Inc., and Maxim Pharmaceuticals, Inc. He has also served on the Board of Directors of thirteen privately held companies, nine located in San Diego.

With his many years of service and involvement in the community, Mr. Townsen is a long-time advocate and supporter of entrepreneurship. He was one of the original organizers of San Diego Venture Group. He has been an active participant in technology and entrepreneurship programs at the University of California, San Diego (as a member of the Steering Committee of the CONNECT Program) and San Diego State University Entrepreneurial Center. In March 2003, Mr. Townsen was the recipient of the 2003 Director of the Year Lifetime Achievement Award by the Corporate Directors Forum. Mr. Townsen served on the Board of Directors for the Corporate Directors Forum for several years. In 1994 he was awarded the San Diego State University Alumni of the Year Award as a distinguished alumnus from the College of Business Administration, and in 1996 was a finalist in the San Diego Entrepreneur of the Year Award. He serves as an advisor to Windward Ventures and Inglewood Ventures, both early stage venture capital funds in San Diego. He currently is a Venture Partner with Mesa Verde Venture Partners, a seed/early-stage venture fund in the healthcare/life science area.

Jim Hitchin, CEO of SpectraScience, said, "We are extremely pleased with
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F. Duwaine Townsen Joins SpectraScience Board of...(O/Chairman and General Partner of six ve...),Health