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Investor
and Media Relations:
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Marty
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McCloud
Communications, LLC
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marty@mccloudcommunications.com
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CNS
Response Announces Leadership Change
George
Carpenter named CEO,
Daniel
Hoffman, MD, named President and Chief Medical Officer
Costa Mesa, CA -- April 16, 2009 -- CNS Response, Inc.
(OTCBB: CNSO) today announced the election by its Board of Directors of George
Carpenter, currently President of the company, to the position of Chief
Executive Officer. Daniel Hoffman, MD, will assume the position of President and
Chief Medical Officer. Len Brandt, the company’s founder and original CEO, will
remain on the Board of Directors.
“With the
completion of our major clinical trial nearing, the company is implementing its
plans to commercialize its Referenced-EEG®
technology,” said CNS Response CEO George Carpenter. “We’re now at the point
where a strong, focused team is essential to bringing this product to market and
creating value for shareholders.”
Carpenter,
who joined CNS Response in October of 2007 as President and COO, is experienced
in running data-driven healthcare businesses. He has been the CEO of two private
companies and one publicly traded company, the result of his management
buyout of Health Data Institute, a division of Baxter Healthcare. Between 1990
and 2001, he grew the company (as CORE Inc.) to become a market leader in
integrated health and productivity management for large employers, before its
acquisition by Fortis, NV. Carpenter then engineered the turnaround of WorkWell
Systems, a privately held employee health testing and physical medicine firm
based in Orange County, CA. An Ernst & Young Entrepreneur of the
Year finalist and winner of ABL’s Innovation in Healthcare award, Carpenter has
worked extensively with major healthcare providers, pharmaceutical companies,
device manufacturers, and payers.
As Chief
Medical Officer since January 2008, Daniel Hoffman, MD, is principally
responsible for the oversight and implementation of the randomized depression
effectiveness trial, currently underway and in its final stage of
recruitment at 14 academic and commercial sites. His 30 years of experience as a
leading neuropsychiatrist, 15 years focusing on clinical application of
Quantitative EEG, and more recently Referenced-EEG, among many other innovative
psychiatric interventions, will be important in the company’s next phase of
growth.
Dr.
Hoffman has a Bachelor of Science in Psychology from the University of Michigan,
an MD from Wayne State University School of Medicine, and did his Residency in
Psychiatry at the University of Colorado Health Sciences Center, where he was
Chief Resident his senior year. He has presented to numerous national and
international meetings and has authored over 40 publications in peer reviewed
scientific journals. He is also a contributing editor for four leading national
peer reviewed journals in the field of psychiatry, neuropsychiatry and use
of
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CNS
Response Announces Leadership Change
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Quantitative
EEG. Hoffman said: "This is an extremely exciting time for CNS
Response as we prepare ourselves to concentrate on the next phase in the
development and implementation of Referenced-EEG, which I believe has the
potential to change the face of psychiatry as we know it."
On behalf
of the CNS Response Board of Directors, David Jones, Managing Partner of SAIL
Venture Partners, said, “Len Brandt is a brilliant and visionary entrepreneur in
the medical industry. He has laid a sound scientific and technical foundation
for George and his team to execute upon. We look forward to Len’s continuing
contributions to the company as a member of the Board.”
About
CNS Response
Today,
most physicians are able to base treatment on objective test data, such as EKGs,
MRIs, blood tests, etc. Broadly speaking, such advances have not yet come to
those physicians practicing psychiatry.
CNS
Response has developed a patented data-analysis capability that, with the help
of a simple, non-invasive EEG, will analyze a patient’s brain waves and compare
the results to an extensive patient outcomes database. The process produces an
rEEG® report providing a psychiatrist with guidance to personalize a medication
regimen for a patient, based on
the
patient’s own brain physiology. To read more about the benefits this patented
technology provides physicians, patients and insurers, please visit the CNS
Response website, www.cnsresponse.com.
Safe Harbor Statement Under the
Private Securities Litigation Reform Act of 1995
Except
for the historical information contained herein, the matters discussed are
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, as amended. These statements
involve risks and uncertainties as set forth in the Company's filings with the
Securities and Exchange Commission. These risks and uncertainties could cause
actual results to differ materially from any forward-looking statements made
herein.
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