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Paradigm Medical Industries, Inc.: Paradigm Medical Industries Announces New President, Stephen Davis

^{Published on 2009-04-07 08:00:54, Last Modified on 2009-04-07 08:01:42 - Market Wire}
 

SALT LAKE CITY, UT--(Marketwire - April 7, 2009) - Paradigm Medical Industries, Inc. (OTCBB: [ PDMI ]) announced today that Stephen Davis, a leading executive in the medical device industry, has been named new President of the Company. His range of sales, marketing, manufacturing, and operations management in both the domestic and international markets will prove very beneficial to the organization.

Mr. Davis brings over 25 years of experience in global healthcare and medical devices markets and over 14 of those in the ophthalmic arena to Paradigm Medical Industries, Inc. Stephen has also served as the President and CEO for Zinetics Medical, Inc. Salt Lake City, Utah for nine years. Stephen was successful in raising over $2.7 million for Zinetics Medical and spearheaded the purchase of Zinetics Medical by Medtronic for over $50 million. He served as Site Director for Medtronic Functional Diagnostics for a year after the conclusion of the sale of Zinetics Medical. Prior to those responsibilities, Stephen was the Western Area Director for Barnes-Hind Hydrocurve and held additional responsibilities as a Regional Vice-President and District Sales Manager. He possesses a stellar background in the areas of strategic planning, start-up ventures, P&L and has a successful record in developing business in preparation for acquisition. Mr. Davis also has an extensive knowledge of the International markets. Stephen has a B.S. from Brigham Young University and additional studies in International Business and Finance.

"I am delighted to take on the leadership role as Paradigm's new President. The reorganization was the first step to making the Company more attractive to a much broader base of investors," said Stephen Davis. "We are in a better position for vertical growth as we re-launch our marketing strategy globally which will also include focusing our marketing efforts in North America on a much larger scale."

Paradigm Medical Industries, Inc. is a medical device company that develops, manufactures and distributes cutting edge, new innovative products in the diagnostic ultrasound and early glaucoma detection markets. Paradigm has the only patented technology utilizing photon laser for cataract removal. The Company is poised to capture a niche market within the Glaucoma and ultrasound microscopy fields. Paradigm Medical Industries markets its products to ophthalmologists, optometrists, universities, and clinics throughout the United States, as well as internationally.

For more information, please visit: [ www.paradigm-medical.com ]

This press release contains statements that, if not verifiable historic fact, may be viewed as forward-looking statements that could predict future events and outcomes with respect to Paradigm and its business. The predictions embodied in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.