SOURCE: Spotlight Innovation Inc.

Spotlight Innovation Inc.

November 12, 2015 12:37 ET

Spotlight Innovation Announces Appointment of Bill Pim as New Chief Financial Officer

WEST DES MOINES, IA--(Marketwired - Nov 12, 2015) - Spotlight Innovation Inc. (OTCQB: STLT) today announced that effective November 6, 2015, the board of directors has named Bill Pim, CPA, Chief Financial Officer of the Company. Mr. Pim, 61, has held senior financial positions at companies including: the West Des Moines, IA-based not-for-profit Iowa Foundation for Medical Care (now Telligen); Iowa Renewable Energy, located in Washington, IA; the North Liberty, IA-based Heartland Express transportation firm; and LearningRx franchise locations in Des Moines, IA area. He began his career at the Atlanta, Georgia accounting firm of Thompson and Reed. Mr. Pim holds a Bachelor of Science degree from the University of Iowa, and completed undergraduate coursework in Accounting and graduate MBA coursework at Georgia State University in Atlanta, GA.

Cris Grunewald, President and CEO of Spotlight Innovation Inc., said, "We are excited to welcome Bill to Spotlight Innovation. His three decades of proven business development expertise make him the ideal candidate to help the Company grow and add shareholder value."

Commenting on his appointment, Mr. Pim said, "Under Mr. Grunewald's leadership, the Company has made tremendous progress. I look forward to working alongside the talented team at Spotlight Innovation, and making a contribution to the Company's next phase of growth."

About Spotlight Innovation Inc.

Spotlight Innovation Inc. (OTCQB: STLT) identifies, acquires and incubates companies that have unique intellectual property (IP) in the medical sector. The Company has relationships with the nation's leading academic and institutional IP developers, and locates promising IP technologies with potential for market share capture. With strong support, development, resources and strategic planning expertise, we believe we can develop IP that will have a positive effect on healthcare. We partner with proven sector leaders on commercialization once technologies are fully developed. Additional information available at www.spotlightinnovation.com.

Forward Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

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