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TNI BioTech, Inc. Announces Appointment of New CFO
Date:1/22/2013

BETHESDA, Md., Jan. 22, 2013 /PRNewswire/ -- TNI BioTech, Inc. (PINKSHEETS: TNIB) today announced that Mr. Peter Aronstam has been appointed Chief Financial Officer.

Mr. Peter Aronstam is replacing Mr. Christopher Pearce , who will take over as the Chief Operating Officer. Mr. Pearce has extensive experience in corporate operations and will be available for assistance during the transition period. 

"Mr. Aronstam's broad-based experience as a finance professional in private and public companies gives him a solid platform for the job of Chief Financial Officer of TNI BioTech," commented Ms. Noreen Griffin , Chief Executive Officer. "We welcome Peter and look forward to working with him as part of the TNI BioTech management team."

"Mr. Pearce has done a tremendous job as Chief Financial Officer. He joined TNI BioTech nine months ago at its onset and has been a great asset to our operations throughout our period of growth and acquisition. I am pleased that Mr. Pearce will be available to assist TNI BioTech during the transition between CFOs, and will also assume the position as Chief Operating Officer. I also wish to thank him for his ongoing commitment to TNI BioTech." continued Ms. Griffin.

TNI BioTech, Inc. has made these personnel changes in connection with the retention and engagement of Liggett, Vogt & Webb P.A. This accounting firm has been retained to provide professionally audited financial statements for inclusion in a Form 10 filing with the Securities Exchange Commission in approximately 45 days. The Form 10 is required for TNI BioTech to up-list to a fully reporting company.

Mr. Peter Aronstam brings more than 30 years of experience in accounting, finance, banking, international trade, and law to TNI BioTech, Inc. His career is
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SOURCE TNI BioTech, Inc.
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