Full Press Release Details
NanoVibronix Expands Senior Management
Team and Board of Directors
Appoints Industry Veterans Brian M. Murphy
as Chief Executive Officer
and Christopher M. Fashek as Chairman
of the Board of Directors
ELMSFORD, N.Y., October 20, 2016 --
NanoVibronix, Inc, (OTC: NAOV), a medical device company, today announced an expansion of the senior management team and Board
of Directors. The Company appointed Brian M. Murphy as Director and Chief Executive Officer and Christopher M. Fashek as Chairman
of the Board of Directors. William Stern, who previously served as Chief Executive Officer, will continue as President and Vice
Chairman of the Board of Directors. Ira Greenstein, who previously served as Chairman of the Board of Directors, will continue
as a member of the Board.
Mr. Murphy has over 25 years of senior
sales, operations and general management experience in medical device and medical technology companies, including ATI Medical Equipment
Corporation, Mountain Medical Equipment Inc. and Healthdyne Technologies Inc. From 2012 to 2016, Mr. Murphy served in various roles
at MiMedx Group, Inc., where he initiated and managed the commercial sales and national accounts efforts within the advanced wound
care segment. From 2010 to 2012, Mr. Murphy was the CEO of O2 Insights, Inc., a start-up wound care diagnostics company, and led
the sale of the company to Systagenix in June 2012. From 2008 to 2010, Mr. Murphy served as vice president of sales for ConvaTec
and led the negative pressure wound therapy business. From 1992 to 2008, Mr. Murphy served a total of 17 years at Kinetic Concepts,
Inc. (KCI) in various positions overseeing sales, operations and general management. As Vice President, General Manager, Mr. Murphy
led a segment of the wound care division's business at KCI from $11 million to over $550 million in annual revenues. Mr.
Murphy holds a Bachelor of Arts degree in communications from Southern Illinois University.
Mr. Fashek is an accomplished healthcare
executive with a record of leading global medical device and pharmaceutical businesses. Recognized as a visionary and pioneer in
the advanced wound care sector, Mr. Fashek led the team that introduced V.A.C. therapy, a negative pressure wound therapy, to both
the clinical community and patients with serious or complex wounds. He was the Vice Chairman, CEO and President of KCI USA, the
Chairman of the Board at Systagenix Ltd, the Chairman of the Board and CEO of Spiracur Inc. and current CEO of Atteris Healthcare
LLC, a startup in San Antonio, Texas. He has a BA from Upsala College and a MBA from Fairleigh Dickinson University.
William Stern, PhD, President and Vice
Chairman of the Board of Directors of NanoVibronix, stated, "We are pleased to announce the appointments of such proven industry
executives, who will be valuable assets as we continue with product development, clinical trials for additional 510(k) clearances,
a robust marketing program and securing additional distribution partners for our innovative ultrasound devices in the U.S. and
Europe. We are confident that Brian Murphy is the most prepared person to lead the company moving forward given his significant
sales, operational and business insight from his prior management experience in the medical device field. As President and Vice
Chairman of the Board, I look forward to supporting Brian in his new role."
Brian Murphy, Chief Executive Officer of
Nanovibronix Inc. commented, "I am honored to be offered this role, and excited about the possibilities at this important
inflection point in the Company's development. I look forward to working closely with Chris Fashek, William Stern and the
rest of the team to realize the full potential of NanoVibronix' products in the multi-billion dollar global markets our products
address. Recent and anticipated regulatory approvals for our PainShield , WoundShield , UroShield and NG-Shield
products allows us to now enter the commercial phase of our growth. We believe our patented low intensity surface acoustic wave
technology will ultimately transform the pain management, hospital acquired infection, and wound healing markets."
NanoVibronix Inc. is a medical device company headquartered
in Elmsford, NY with research and development in Nesher, Israel, that is focused on developing medical devices utilizing its proprietary
and patented low intensity surface acoustic wave technology. The company's groundbreaking technology allows for the creation of
low-frequency ultrasound waves that can be utilized for a variety of medical applications. The devices accelerate wound and soft
tissue healing, disrupt biofilms and bacteria colonization, while providing pain relief. The devices can also be administered
at home, without the assistance of medical professionals. The company's products include PainShield UroShield NG-Shield .
and WoundShield Additional information about the company is available at: www.nanovibronix.com.
SAFE HARBOR STATEMENT: This release contains certain statements
that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and
section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward-looking
statements. We have identified forward-looking statements by using words such as "expect," "believe," and "should."
Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond
our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the
facts set forth herein, are detailed in the Company's Form SEC filings.
Investor Relations Contacts:
Rodd Leeds or Natalya Rudman
Crescendo Communications, LLC
Email: naov@crescendo-ir.com