Avisa Pharma, Inc. announced that effective on the Closing of the Transaction, it is anticipated that the current members of the Board of Directors of the Company (the "Board") and the current management of the Company will resign. With respect to the Board, the current members will upon Closing of the Transaction be replaced by nominees to the Board appointed by Avisa and the existing management team of Avisa will replace the current management of the Company. The management and Board of Directors of the Resulting Issuer will include the persons identified: David S. Joseph – President, CEO, Co–Founder and Director – Santa Fe, NM: Mr. Joseph is a Co–Founder of Avisa and has 40 years of healthcare and life science management experience. Mr. Joseph has been the co–founder and CEO of five companies (including Avisa) in medical technology, biomaterials and biopharmaceuticals. Mr. Joseph served as Chairman and CEO of Othera Pharmaceuticals (2003–2010) and co–founder of Orthovita Inc, a company where he also served as President and CEO (1999–2002). Stryker Corporation acquired Orthovita in 2012 for $350 million Matthew Culler – Vice President, Finance - San Diego, CA: Prior to joining Avisa, Mr. Culler was Vice President, Finance & Operations at xF Technologies, a venture–backed renewable chemistry start–up. Before his work at xF Technologies, Mr. Culler was a Principal at Sun Mountain Capital, one of the largest venture capital firms headquartered in the Southwest United States. Prior to Sun Mountain Capital, Mr. Culler participated in financings totaling over $2 billion as a Senior Analyst in the Private Equity Placements Group of Bank of America's investment banking business in New York City. Matt has a BBA in Finance with honors from the University of Texas at Austin. Brian Birk – Director - Santa Fe, NM: Mr. Birk is currently Managing Partner at Sun Mountain Capital and has over 20 years of experience as an operating executive and investor. Mr. Birk co–founded Sun Mountain Capital in 2006, a private equity firm focused on the Southwest and Rocky Mountain regions in the USA. Since that time Sun Mountain has grown to be one of the largest private equity firms in the region, and currently manages direct investment funds and fund of funds vehicles. Prior to forming Sun Mountain Capital, Mr. Birk was a Vice President and Director of Private Equity at Fort Washington Capital Partners where he helped the firm establish and manage a number of private equity direct investment funds, secondary investment funds, and fund of funds programs. William Miller – Director - Santa Fe, NM: Mr. Miller is President of Miller Strategic Consulting, LLC, a consulting practice that invests in and actively participates in the management and development of start–up companies. He has co–founded some fifteen start–up companies, including Technicare Corporation where he served as Executive VP, CFO and Board Member, as well as Hitatchi Medical Systems of America where he was both on the Board of Directors and the Executive Steering Committee. He is currently a member of the board of InLight Solutions and Lumidigm Inc. in addition to SITE Santa Fe, Wasatch New Mexico Fund, Avalon Trust Company and the Santa Fe Art Institute.