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TGX Medical Systems Announces Board of Directors

Carmel, IN — Michael Good, co-founder, Chief Executive Officer, and Chairman of TGX Medical Systems, LLC, today introduced the full membership of the Company’s Board of Directors. TGX Medical is a provider of Medical Asset Management systems specializing in tracking and productivity for the Healthcare Industry. Mr. Good remarked on the wealth of experience and industry knowledge that the Board will bring to the Company: "TGX Medical has a talented, experienced Board that is well connected to the healthcare industry. With industry leaders such as Bill Cadogan & Tracy Nolan providing insight, guidance and leadership, TGX Medical will continue to grow and prosper."

Bill Cadogan is the former President and CEO of ADC, a leading global supplier of optical and copper-connectivity systems, broadband access and network equipment, software and integration services. Under his leadership, ADC grew from $263 million in revenue in 1990 to approximately $3.2 billion in 2000.

In addition to Mr. Good and Mr. Cadogan, TGX Medicals Board of Directors includes Tracy Nolan, Former Executive Vice President and COO of Priority Healthcare; Bill Trainor, co-founder and Managing Director of Mutual Capital Partners; Chris Sogard, President and co-Founder of TGX Medical Systems. Observational Board Seats have also been given to Wayne H. Wallace, co-founder and Managing Director of Mutual Capital Partners and Jeff Haskett, Director of Product Development, TGX Medical.

Bill Cadogan
With a career-long passion for technology investments, Bill Cadogan focuses primarily on emerging opportunities in the communications sector, with an emphasis on optical technology. Prior to joining Vesbridge Partners in April 2001, Bill was Chairman and CEO of Minnesota-based ADC, Inc., a Fortune 500 company. Bill joined ADC in 1987 as Vice President, Private Network Marketing. He was promoted to Vice President, Product Development and subsequently was named Senior Vice President, Telecom Group. In May of 1990, he was appointed President and Chief Operating Officer of ADC, and was elected President and CEO in July of 1991. In February of 1994, Bill was elected Chairman of the Board of Directors. Under his leadership, ADC grew from $263 million in revenue in 1990 to approximately $3.2 billion in 2000.

Bill joined ADC from the International Telecommunications Satellite Organization (Intelsat) in Washington, D.C., where he was General Manager of Business Development. His extensive background in the telecommunications industry includes 15 years with AT&T, where he held a variety of sales and marketing positions.

Bill holds a B.S. degree in Electrical Engineering from Northeastern University, Boston, Massachusetts, and an MBA from the Wharton School at the University of Pennsylvania in Philadelphia. He is a member of the Telecommunications Industry Association and served as the association’s chairman in 2000.

Tracy R. Nolan
Mr. Nolan is the former Executive Vice President and Chief Operating Officer of Priority Healthcare. Prior to joining Priority Healthcare, he was employed by Wellpoint Pharmacy Management, a business unit of Wellpoint Health Networks. During such time, Mr. Nolan held the position of Vice President of Operations and Customer Service. Mr. Nolan also worked in the e commerce online retail industry and the logistics industry. He was employed by drugstore.com, an e commerce online pharmacy. During such time, Mr. Nolan held the position of Vice President of Operations, Pharmacy and Customer Service. He was employed by Medco Health Solutions, a pharmacy benefit management company. During such time, Mr. Nolan held the position of Vice President and General Manager. Mr. Nolan is also a fourteen-year veteran of Federal Express Corporation. Mr. Nolan's last position held at Federal Express was Managing Director of Field Operations.

Michael L. Good
Michael, one of the co-founders of TGX Medical, initially served as the Chief Operating Officer and assumed the role of Chief Executive Officer in September of 2003. Michael’s recent focus and guidance for the company has centered on continued growth, consistent cash flow, product distribution and continued product development. Michael is also responsible for the day-to-day operations of TGX including processes related to internal communications and operations, strategic relationships, business-to-business development, marketing initiatives, human resources and public relations. In 2005, Michael served as the lead on raising outside expansion capital to further accelerate the growth of TGX, in addition to the capital raise, Michael led TGX Medical to be recognized by the Indiana University Kelly School of Business as one of Indiana’s leading Innovators. He has also led TGX Medical to be recognized by the Indiana Venture Center for the “Best Chance for Success”.

Michael earned his B.S. in Communications from the University of Southern Indiana. Prior to co-founding TGX, Michael worked for Schwab & Co. Between 1998 and co-founding TGX in 2000, Michael served as Director of Marketing and Research for Gershman Brown & Associates, a leading commercial Real Estate Developer. Michael is also the recipient of the Gazelle Award and has received recognition by the Better Business Bureau.

William S. Trainor
Mr. Trainor is co-founder and Managing Director of MCP. Mr. Trainor is also co-founder and Managing Director C&T Access Ventures Fund, a venture capital fund focused on co-investing in early-stage companies with whom Christian & Timbers, a Cleveland-based retained executive search firm, has business or professional relationships. Since its inception in late 2000, C&T Access Ventures has invested in seven portfolio companies and one venture CEO side fund. C&T Access Ventures no longer makes new investments (other than follow-on investments in its existing portfolio companies), and Mr. Trainor manages the portfolio of companies on a limited, part-time basis.

Until starting C&T Access Ventures, Mr. Trainor was Senior Vice President-Head of E-Commerce Investment Banking at McDonald Investments, an investment bank acquired by Key Corp. At McDonald Investments, he focused on consumer, retail, healthcare, and service companies working closely with companies that were using technology to expand and complement their existing business structure.

Mr. Trainor joined McDonald Investments in 1994 after graduating from Columbia University with an A.B. in Political Science. His MCPF board seats include Improvita Health Products (and was CFO during 2004), and TGX Medical Systems. Mr. Trainor also serves on the non-profit boards of: (i) SayYES! to Cleveland, an organization that connects current and former Clevelanders in cities across America to build relationships that will create opportunities for economic growth and development for Northeast Ohio; (ii) ShoreBank’s ShoreGrowth Fund, a $2.85 million fund that provides start-up and expansion capital for entrepreneurs who are in the early stages of business development; and (iii) University Hospitals Health System’s-Ireland Cancer Center’s National Leadership Council, a group of prominent and influential leaders advising and advocating UHHS.

J. Chris Sogard
Chris is President and co- founder of TGX Medical Systems. From 2001-2003 he managed U.S. Sales and then took over as President in September of 2003. His current duties include developing and overseeing Channel Partner relations on a global basis; managing sales and implementations of the Alex Gold suite for North America; managing sales, inventory and distribution of consumable products worldwide; assists in management of day to day operations.

Chris has a very diverse background. His experiences range across many market sectors. Manufacturing, Wholesale distribution, retail, and business-to-business software development. Having this diverse background has helped Chris develop into a very successful entrepreneur. All of these experiences honed his skills in sales, business development, and management with a strong focus on relationship management.

He started his professional career in Seattle, Washington as regional sales manager for an automotive safety parts distributor. His territory encompassed the entire Pacific Northwest. Under his tenure he took the region from #3 to #1 out of 8 regions in an 18-month period. He then moved to the Forest Product industry where he was a lumber trader responsible for manufacture and distribution of high-grade forest products internationally. Chris was credited with increasing his firm’s international export by 35% over his 3-year tenure. Chris returned to Indianapolis in 1993 and opened a chain of Mail Boxes Etc franchises, which he operated with success for 8 years. His stores routinely won awards for most growth from year to year as well as his flagship store was the top franchise in the Midwest for 4 years straight. He was also part of numerous MBE corporate steering committees to better benefit system franchisees. Chris graduated from Miami University, Oxford, Ohio in 1989 with a Bachelor of Arts degree.

Wayne H. Wallace
Mr. Wallace is a co-founder and Managing Director of Mutual Capital Partners ("MCP"). MCP is the fund manager of Mutual Capital Partners Fund I LP (“MCPF”). Founded in late 2003 upon consummation of two investments, MCPF is a $15 million private equity fund that provides operational liquidity and expansion capital to post-revenue growth companies located within Ohio, Indiana, Michigan, and western Pennsylvania and New York. MCPF is comprised of 80 investors who are all successful executives interested in investing in growth companies located in MCPF’s geographic focus region. MCPF has made three investments.

From 2002 until 2003, he was a Vice President at NatCity Investments, an investment bank located in Cleveland, Ohio. Following a reorganization of NatCity Investments in 2002, Mr. Wallace was the first employee hired by the new co-heads of the investment banking group and played an integral role in sourcing and executing transactions, recruiting talented professionals, and significantly growing the group’s revenue. While at NatCity Investments, he focused on consumer, food, retail, and service companies as well as establishing a close working relationship with the partners at National City Equity Partners. Mr. Wallace performed substantial financial, economic, and industry analysis and provided client advice, financial structuring, and investor contacts for companies seeking to raise capital or engage in merger, acquisition, and divestiture activities. His investment banking experience includes engagements with numerous private and public companies including Actron, Dots, Cumberland Gap Provision, Royal Appliance, and others.

Prior to NatCity Investments, Mr. Wallace was with McDonald Investments for four years, initially in the Management Training Program and afterward in Investment Banking. As an Associate in Investment Banking, he was the head of the junior banker marketing initiative and completed numerous merger and acquisition advisory and capital raising assignments. Mr. Wallace focused on consumer product and service companies as well as assisting multiple industry group managers develop new business.

Mr. Wallace is a graduate from The Ohio State University with a B.S. in Business Administration with a specialty in Finance and Accounting. He serves on the boards of Improvita and TGX.

Jeff Haskett
Jeff is responsible for ensuring TGX efficiently produces products that meet the customer’s needs and surpass their expectations. This includes working with customers on feature development, new feature selection and strategy, management of product development and selection, testing and deployment of new versions of technology and develops primary software applications.

Jeff earned his Bachelor and Master of Science in Mechanical Engineering degrees from Purdue at Indianapolis in 1990 and 1993 respectively. Jeff has used his analytic background for most of his career to develop technical software applications. His career started in 1992 developing mechanical computer aided engineering software in the field of 3D process simulation for metal casting at Technalysis. Jeff has worked with several foundries on consulting projects in that area. During 1999 Jeff went to work for Quilogy at their Indianapolis office and worked over 2 years as a consultant and trainer. Jeff worked on Alex Gold a short period of that time and went on to develop an estate planning application for lifetime asset management. In 2002, Jeff came to work as a senior developer at TGX and now directs product development.

About TGX Medical Systems
TGX Medical Systems Inc., the Indiana-based development software firm that owns the Alex Software, is headquartered in Carmel, Indiana, USA. TGX Medical Systems designs, develops and markets software solutions for medical asset management and tracking. These web-based systems work with specialized hardware supplied by major integrators. They are sold to small, medium and large-sized hospitals and medical facilities. TGX Medical Systems's systems are distinguished from competition by their sophisticated interfaces, scalability and ease of modification and are extensively patented. Our markets are worldwide. The TGX Medical Systems website is www.tgxmedical.com.