SOURCE: Spine Wave, Inc.

January 08, 2007 08:00 ET

Spine Wave Appoints Skinner to VP of Sales Development -- Spinal Industry Experience Bolsters Sales Leadership Team

SHELTON, CT -- (MARKET WIRE) -- January 8, 2007 -- Spine Wave, Inc., a company focused on the development and marketing of innovative spinal surgery solutions, announced today the appointment of James Skinner as Vice President of U.S. Sales Development. Skinner recently served as Vice President of U.S. Sales and Vice President Strategic Sales Development at NuVasive, Inc. where he was responsible for both building and transitioning that spinal device company's distribution network to an exclusive sales force. In addition, Skinner's career has included sales management positions at Sofamor Danek Group where he was recognized for his sales performance leadership, as well as at U.S. Surgical where he began as a sales representative and rose through the ranks to managerial responsibilities.

Mark LoGuidice, Chairman and Chief Executive Officer of Spine Wave, stated, "Jim has earned tremendous respect within the industry as a focused and capable sales executive. Nick Lake, our V.P. of U.S. Sales, and I both had the opportunity to work with Jim at each of U.S. Surgical and Sofamor Danek, and we are thrilled to have him on our team again. 2007 will be a defining year for Spine Wave as we enter the vertebral compression fracture and spinal fusion markets with our recently approved StaXx™ FX system and our StaXx™ XD device. Jim's proven track record of sales force development will be a vital component in executing our strategy."

Skinner's duties will encompass both sales force and market development while launching the Company's first commercial products. Skinner stated, "Spine Wave has an exciting portfolio of innovative products and technologies and has begun to build a strong direct sales force. We, as a team, have the unique opportunity to bring these new solutions to spinal surgeons for their patients. I am very eager to join Spine Wave."

About Spine Wave, Inc.

Spine Wave, Inc., headquartered in Shelton, Connecticut, is a medical device company focused on the development of clinical solutions for three of the largest and fastest growing spinal market segments: nuclear replacement and augmentation, vertebral compression fracture repair and spinal fusion. The Company's product portfolio includes the NuCore™ Injectable Nucleus, the StaXx™ FX Fracture Repair System, the StaXx™ XD Expandable Device and several additional products in development. In February 2006, the Company closed its Series C financing, raising an additional $36.5 million and bringing the total funds raised to date to $90.0 million. For more information, visit www.SpineWave.com.

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