RepliCel Life Sciences Inc.
OTC Bulletin Board : REPCF

RepliCel Life Sciences Inc.

August 22, 2011 09:00 ET

RepliCel Names Tom Kordyback Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 22, 2011) - The Board of RepliCel Life Sciences Inc. (the "Company" or "RepliCel") (OTCBB:REPCF) today announced that it has appointed Tom Kordyback as its Chief Financial Officer, effective immediately. Mr. Kordyback takes over from Brent Petterson, whom the Board wishes to thank for his service to the Company. Mr. Petterson will remain on as a consultant to the Company as required.

Mr. Kordyback, CA, joins RepliCel with over 25 years of experience in corporate finance and management for emerging growth companies. He has held senior financial positions with Glenayre Electronics Inc. and Telelink Communications Inc. In 1995, he joined Creo Inc. as their Chief Financial Officer where he oversaw private financings totaling more than $80 million and led the company's Initial Public Offering on the NASDAQ stock exchange for $90 million. He remained at Creo until 2000; at which time, the company had over 4,000 employees worldwide.

Mr. Kordyback also served as a director and member of the Audit, Compensation and Merger and Acquisitions Committees for Extreme CCTV Inc., a developer and manufacturer of state-of-the-art surveillance systems listed on the TSX. In 2008, the company was sold to Bosch Security Systems, Inc. for CDN $93 million. Mr. Kordyback currently serves as director of Silver Sun Resources Corp., a public Canadian-based resource company.

"Mr. Kordyback has demonstrated the kind of superior business and financial acumen that makes him a perfect fit for RepliCel. His more than 25 years of experience leading private placements and public offerings aligns with the direction and the long-term goals of the Company," stated David Hall, President and CEO of RepliCel Life Sciences.

Mr. Kordyback is a Chartered Accountant and a member of the British Columbia Institute of Chartered Accountants.

On Behalf of the Board of Directors,

Peter Jensen, Chairman of the Board

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