SOURCE: CompuMed, Inc.

CompuMed, Inc.

October 16, 2012 20:25 ET

CompuMed Announces Expansion of Management Team

W. Scott Rombach Appointed CompuMed's President; Maurizio Vecchione Continues as CEO, Joins Board of Directors

LOS ANGELES, CA--(Marketwire - Oct 16, 2012) - CompuMed, Inc. (PINKSHEETS: CMPD) (www.compumed.net) -- a leader in telemedicine services for patient diagnosis and management -- today announced that W. Scott Rombach has been named the Company's President. Maurizio Vecchione, previously the Company's CEO and President, will continue as the CEO. Additionally, the Company has announced that Mr. Vecchione has been appointed to the Board of Directors.

Mr. Rombach has served on CompuMed's Board of Directors since he was appointed in 2011. He will continue to serve as a Director.

As a sales executive with PeopleSoft, Inc., Mr. Rombach specialized in executing large software and services deals. He brings a deep understanding of how customers can best leverage enterprise technology solutions to cut costs and drive revenue. Prior to its acquisition by Oracle, PeopleSoft was the global leader in providing enterprise human resources and payroll software solutions. Mr. Rombach also has experience in a start-up environment. With Armstrong Laing, he drove sales that helped this UK based company to become one of the market leaders in Activity Based Management (ABM) software solutions. Mr. Rombach has an M.B.A. from Georgia State University and a B.A. in Marketing from Michigan State University.

Mr. Vecchione said, "Scott joins the management team at a critical inflection point in our Company. As we emerge from our extensive cost cutting and rationalization of our business around our core telemedicine competency, we are poised to bring a new class of enterprise telemedicine solutions to drive growth. Scott brings us that experience by translating our product strategies and strengths into sales growth and profits. We are very pleased to have him take on this role."

"I firmly believe that there has been no better time in CompuMed's 25-year plus history to be part of the company. I look forward to working with Maurizio and the team to drive the revenue and profit that will take CompuMed to the next level," said Scott Rombach.

About CompuMed

CompuMed's diagnostic and management tools for the healthcare community focus on telecardiology systems and software solutions. We offer analysis and remote monitoring for patients with cardiovascular and musculoskeletal diseases designed to improve healthcare provider workflow and patient care while reducing costs. CompuMed is headquartered in Los Angeles and distributes its products worldwide both directly and through OEM partners. Visit CompuMed at www.compumed.net and follow on Twitter @compumed.

Forward-Looking Statements

Statements contained in this report, such as statements about revenue, operations, and earnings growth and other financial results are forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements including statements concerning the Company's plans, objectives, expectations and intentions are based largely on management's expectations and are subject to and qualified by risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These statements are subject to uncertainties and risks including, without limitation, product and service demand and acceptance, changes in technology, ability to raise capital, the availability of appropriate acquisition candidates and/or business partnerships, economic conditions, the impact of competition and pricing, capacity and supply constraints or difficulties, government regulation and other risks identified in the Company's filings with the Securities and Exchange Commission and OTC Pink operated by OTCMarkets. All such forward-looking statements are expressly qualified by these cautionary statements. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect events, conditions or circumstances on which any such statement is based after the date hereof, except as required by law.

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