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Investor
and Media Relations:
Marty
Tullio, Managing Partner
McCloud
Communications, LLC
marty@mccloudcommunications.com
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Members
of CNS Response Board Issue Memo to Shareholders
Costa Mesa, CA – September 2, 2009 – CNS Response, Inc. (OTCBB:CNSO)
provides a Shareholder Memo from CNS Board Members David B. Jones, Henry T.
Harbin, M.D., and Jerome Vaccaro, M.D.
“We would
like to set the record straight with respect to the issues facing CNS Response
and the dispute with Len Brandt, former CEO of the Company.
David
Jones joined the board in connection with the investment by SAIL Venture
Partners, L.P. of over $2 million. Doctors Vaccaro and Harbin were recruited to
the Board by Len Brandt.
The Board
concluded for a number of reasons over an extended period of time that Mr.
Brandt was not an effective CEO. This was communicated to him on more than one
occasion.
The
Board, other than Len Brandt, voted unanimously to dismiss him as
CEO.
George
Carpenter was elected CEO because of his prior successful management track
record, his ability to secure much-needed financing, and his demonstrated
leadership capability.
In our
opinion, Mr. Carpenter has made more progress in advancing the goals of the
Company in the last five months than Mr. Brandt did in the previous two
years.
Since his
dismissal, Mr. Brandt has made statements and threatened to act in ways we
believe would seriously harm the Company and its shareholders.
David B.
Jones
Henry T.
Harbin, M.D.
Jerome
Vaccaro, M.D.”
Additional Information and
Where to Find It
CNS
Response, Inc. (the “Company”) intends to file one or more proxy statements with
the Securities and Exchange Commission (“SEC”) in connection with its Annual
Meeting of Stockholders and one or more purported meetings called by a
stockholder of the Company, Leonard Brandt. CNS SECURITYHOLDERS ARE URGED TO
READ THE PROXY STATEMENTS AND ANY OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE
FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. Stockholders will be able to receive the proxy statement
and other relevant documents free of charge at the SEC’s website at www.sec.gov
or from the Company at 2755 Bristol Street, Suite 285, Costa Mesa, CA
92626.
-more-
Members
of CNS Response Board Issues Memo to Shareholders
Page
2
Participants in
Solicitation
CNS and
its directors (other than Leonard J. Brandt) and executive officer (George
Carpenter, who also serves as a director) may be deemed to be participants in
the solicitation of proxies in respect of the matters to be considered at the
Company’s 2009 Annual Meeting of Stockholders, the purported special meeting
called by Leonard Brandt or any consent solicitation undertaken by Brandt.
Securityholders may obtain information regarding the names, affiliations and
interests of such individuals in CNS’s Form 10-K and Form 10-K/A filings with
the SEC on January 13, 2009 and January 28, 2009, respectively. To
the extent holdings of CNS securities of the participants have changed since the
amounts reflected in those filings, such changes have been or will be reflected
on Statements of Change in Ownership on Form 4 or Form 5 filed by those persons
with the SEC. Additional information regarding the interests of these persons in
these matters will be included in the Company’s definitive proxy
statements.
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 a
rEEG® report providing a psychiatrist with guidance to personalize medication
regimens 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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