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SHELDON REID NAMED PRESIDENT AND CEO OF CELL-LOC

Calgary, Alberta -- Sheldon Reid has been named president and CEO of Cell-Loc Inc.


July 2, 2002  


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Calgary, Alberta — Sheldon Reid has been named president and CEO of Cell-Loc Inc.

Mr. Reid, formerly Executive VP of Corporate & Business Development, succeeds Dr. Michel Fattouche, the co-founder of Cell-Loc and inventor of the company’s Cellocate System. Mr Fattouche will remain with Cell-Loc as Chief Technology Officer.

“Through Mr. Reid’s efforts, Cell-Loc has developed rapid commercial progress in Brazil, China, Canada and, most recently in the United States as witnessed in this current quarter, the most successful in the company’s history,” said Fattouche. “Through Mr. Reid’s proven ability as a business leader, the Company has effectively transitioned from an R&D company to a commercial revenue-generating company. This now allows me to continue perfecting Cell-Loc’s proprietary technologies confident that in Sheldon Reid Cell-Loc has a leader who will drive the technology to reach its full commercial potential.”


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