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Uroplasty Announces CEO Resignation
Date:4/5/2013

MINNEAPOLIS, April 5, 2013 /PRNewswire/-- Uroplasty, Inc. (NASDAQ: UPI), a medical device company that develops, manufactures and markets innovative products to treat voiding dysfunctions, announced today that David B. Kaysen has tendered his resignation as President, Chief Executive Officer and a member of the Board of Directors, effective April 5, 2013.  Independent director Robert C. Kill has been named interim Chief Executive Officer while the board of directors conducts a search for a permanent CEO.

James Stauner , Uroplasty's Chairman, stated, " Dave Kaysen has served as our President and CEO since May 2006 and has guided the Company through the introduction of its industry leading Urgent®PC product, including successful completion of clinical trials that resulted in a category 1 CPT code as well as Medicare reimbursement for that product in most jurisdictions.  Dave assumed the CEO role when Uroplasty had virtually all of its operations in Europe and generated only $6.4 million in revenue.  He departs with the company generating over $22 million in annual sales, largely fueled by growth in Urgent PC sales. We truly appreciate all of Dave's contributions and wish him the best in his future endeavors."

Rob Kill , who has been a director of Uroplasty since 2010, is currently an Operating Partner with Altamont Capital Partners, a private equity firm.  Prior to joining Altamont, Mr. Kill was President and Chief Executive Officer of Virtual Radiologic Corporation, a provider of technology-enabled outsourced radiology solutions.  Before Virtual Radiologic, he was President of Misys Physician Systems, a developer of electronic medical r
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SOURCE Uroplasty, Inc.
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