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Wound Management Technologies Names Robert Lutz, Jr. as New CEO; Buys Back North American Distribution Rights for CellerateRX® Powder
Date:3/22/2012

with the CellerateRX wound care products line and I believe the Company can capture a significant market share in the worldwide wound care products market," said Mr. Lutz.  "In addition to their current product lines, Wound Management has other significant opportunities with its Resorbable Orthopedic Products subsidiary to explore. I plan to announce a comprehensive strategic plan in the near future that will discuss these ideas, as well as other strategic initiatives I plan to introduce to the company."

"Bob's strong leadership, exceptional strategic vision, and past corporate performance will allow Wound Management to capitalize on its opportunities in the medical marketplace, while building shareholder value," said Mr. Haire. "I, along with other majority shareholders, support and welcome Bob to lead the Company forward."  Mr. Haire will remain as a major shareholder of Wound Management and will continue to assist the company in its strategic direction and future growth.

About Wound Management Technologies, Inc.

Wound Management Technologies, Inc. is an emerging commercial stage company with its primary products in the $5B worldwide advanced wound care market. Wound Management's primary focus is the distribution of its unique, patented collagen product, CellerateRX®, which is FDA cleared and reimbursable under Medicare Part B. Wound Management has other advanced biotech products in development including a patented resorbable bone wax line that is in late stages of development, as well as a subsidiary focused on technology for secure healthcare data collaboration and storage.  More information can be found on the company's web sites: http://www.wmgtech.com and http://www.celleraterx.com.

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SOURCE Wound Management Technologies, Inc.
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