SOURCE: GenVault Corporation

January 04, 2007 20:55 ET

GenVault Appoints Erin Lafferty CFO

CARLSBAD, CA -- (MARKET WIRE) -- January 4, 2007 -- GenVault Corporation today announced that Erin Lafferty, MBA, CPA was appointed as its Chief Financial Officer effective December 15, 2006. Ms. Lafferty has more than 14 years experience in corporate and public accounting, covering both pre-IPO and public companies. Ms. Lafferty has served GenVault as its Vice President of Finance and HR since December 2004 and as its Controller since January 2002.

"We are pleased to recognize the significant contributions Erin has made throughout her 5 years at GenVault. She has played key roles in securing and managing the capital and resource structure of the company, and we look forward to her continued strategic contributions at this critical growth period for GenVault," said David Wellis, CEO of GenVault.

Prior to GenVault, Ms. Lafferty held the position of Corporate Controller at Medibuy, Inc., an internet-based medical supply chain management company, and assumed full responsibility for the finance department, including work on SEC registration statements, corporate valuations, and merger and acquisition activity. Before Medibuy, she was Director of Finance at SilkRoad Inc. and has held various positions of increasing responsibility at Ernst & Young, LLP. Ms. Lafferty obtained a B.S. from the Haas School of Business, U.C. Berkeley and an Executive MBA from UCLA's Anderson School of Management.

About GenVault

GenVault is the leader in providing DNA sample accessibility for genomic discovery, medicine and identification. GenVault serves customers across medical centers, academic institutions, pharmaceutical companies, and law enforcement agencies. As a scalable and reliable alternative to traditional freezers and DNA purification systems, GenVault's dry-state platform enables the extraction, preservation, recovery and distribution of DNA at room temperature. Future systems will also accommodate proteins and RNA to provide a comprehensive solution. From its GenPlate to its Dynamic Archive solution, GenVault is continuously developing and refining best practices for DNA sample management. For more information visit us at

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