Excel-tech Ltd.

Excel-tech Ltd.

December 06, 2006 07:00 ET

XLTEK Announces New Senior Management Appointment

OAKVILLE, ONTARIO--(CCNMatthews - Dec. 6, 2006) - Excel-Tech Ltd. ("XLTEK")(TSX:NRV) a medical technology company that designs, develops and sells proprietary neurodiagnostic medical devices, announced today that Mr. Michael Pattinson has been appointed Vice President of Sales for the Company.

Mr. Pattinson joined XLTEK in July 2005 as Vice President, Business Development and most recently held the position of Vice President International and Recurring Revenue for the company. He has over 16 years experience in the neurodiagnostic market and held senior management positions in the USA with Oxford Instruments PLC and Vickers PLC in their medical divisions that specialized in neurodiagnostic instruments and accessories.

"We are pleased to appoint Mike to this new position, a reflection of his significant contribution to the Company and our renewed focus on our advanced instruments business," commented John Mumford, President and CEO.

It is also announced that Bruce McKean, most recently Vice President Sales, FrontLine Neuro, has left the Company to pursue other interests.


Excel-Tech Ltd. ("XLTEK") is a medical technology company that designs, develops and sells proprietary neurodiagnostic medical devices, XLTEK's Advanced Neuro-Diagnostic Instruments are used by neurology specialists at leading hospitals in the US to assist in the diagnosis and monitoring of epilepsy and sleep disorders and the monitoring of the nervous system during surgery. XLTEK is headquartered in Oakville, Ontario, Canada. The Company's common shares trade on the Toronto Stock Exchange (Symbol: NRV.TO). Additional information about XLTEK and its products may be found at www.xltek.com.

Forward-Looking Statements:

Certain statements contained in this release containing words like "believe", "intend", "may", "expect" and other similar expressions, are forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those projected in the Company's forward-looking statements include the following: market acceptance of our technologies and products; our ability to obtain financing; our financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the ability to obtain and develop partnership opportunities; the timing of commercial product launches; the ability to achieve key technical milestones in key products and other risk factors identified from time to time in the Company's filings.

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