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MedPro Safety Products Strengthens Senior Management Team


Appoints Key Finance, Business Development Positions; Opens Offices in New York City and Brussels

Lexington, KY – January 12, 2012 – MedPro Safety Products, Inc. (OTCBB: MPSP), a leading developer of transformational technologies that enable safer medication delivery and blood collection, appointed George J. Kostas to serve as Executive Vice President for Finance and Peter Forceville as Vice President for Business Development, Europe and Asia.  These are new positions and both appointments are effective immediately.  Along with these appointments, MedPro is opening offices in New York City, where Mr. Kostas will be located, and in Brussels, Belgium, where Mr. Forceville will be based.

“MedPro is broadening its focus from safety sharps to devices that enable greater patient safety, and we have ambitious corporate development plans for 2012,” said Wm. Craig Turner, Chairman and CEO of MedPro. “George and Peter possess the experience and superior judgment we need to achieve our goals.  We are excited to have them on board and look forward to the growth we expect from their leadership.”

Mr. Kostas, 49, has more than 20 years of capital markets advisory experience with leading investment banks and law firms.  At MedPro, he will advise the company on future financings and assist in the development and execution of MedPro’s investor relations strategy, as well as maintaining relationships with current and future shareholders. 

Before his most recent stint as a consultant to mid-market healthcare and life-science companies, Mr. Kostas was a director with SRS Capital, a specialty investment bank focused on healthcare, and Executive Director with UBS Warburg, where he was a member of the global healthcare corporate finance team.  Prior to UBS, Mr. Kostas was in the Corporate Finance Department at Morgan Stanley and with the law firms of Skadden, Arps, Slate, Meagher & Flom, and Cravath, Swaine & Moore, where he also worked on corporate finance and M&A. He earned his MBA and JD degrees at Columbia University.

Until recently Peter Forceville, 42, was commercial director for Europe and Asia at Helvoet Pharma N.V., a leading supplier of pharmaceutical packaging components in Aiken, Belgium.  Supervising a team of 16, Mr. Forceville was responsible for overall sales of the Belgian and German production sites, with customers in Europe and Asia.    Mr. Forceville has more than 20 years of diverse experience in sales, marketing, and business development.  Prior to Helvoet he held positions of progressive responsibility with Aleris Aluminum Duffel, one of the world’s largest aluminum producers, and with Drager Belgium, which produces gas equipment for the healthcare and chemicals industries.  He earned his Masters in commercial engineering, cum laude at Katholieke Universiteit Leuven.

About MedPro Safety Products, Inc.
 
Headquartered in Lexington, Kentucky, MedPro Safety Products, Inc. is a leading developer of safer medication delivery and blood collection systems.  The Company licenses, develops and manufactures transformational technologies marketed through its global medical device partners. MedPro’s products address multiple product categories within the medication delivery (injection and infusion) and blood collection (blood collection sets and blood tube holders) markets.  Unlike competitive products currently available on the market, MedPro’s products incorporate safety features that operate without user activation, and therefore require little or no clinician training to use.  The total global market opportunity for safer medication delivery and blood collection products is believed to be more than $6 billion.  For additional information, please refer to the ‘Investor Relations’ link on the Company’s website (www.medprosafety.com).

Contact Information:

Investor Contact:
Doug Sherk/Jenifer Kirtland
EVC Group
415-568-9349

Media Contact:
Christopher Gale
EVC Group
646-201-5431