Harvest Names Chief Financial Officer

PLYMOUTH, MA (May 23, 2001) - Harvest®Technologies, an autologous biomaterials company providing solutions that enhance the body's normal healing process resulting in improved surgical outcomes, today announced the appointment of Andrew McGillicuddy to the position of Chief Financial Officer. The Board decided to appoint a Chief Financial Officer in response to the considerable growth in revenues resulting from the significant market acceptance of the Company's flagship product, the "SmartPReP System". Andrew will be working closely with senior management and the Board in assessing various strategic alternatives that the Company's rapid growth has made available.

Andrew brings extensive mergers and acquisition, financial operating and public company experience to the Harvest team. His background includes the financial management of fast paced entrepreneurial ventures, investor relations, SEC regulatory and registration expertise, systems design and implementation as well as having participated in multiple deals valued at over one billion dollars.

"The dramatic growth resulting from the dental and orthopedic markets' acceptance of our existing product line in addition to the potential size of the developing soft tissue markets in Plastic, ENT, Cardiovascular and in the Acute Wound Care markets created a need for someone with Andrew's financial managerial skills," said Gary Tureski, co-founder and president of Harvest Technologies Corporation.

"I am delighted to be a part of such a dynamic and growing Company," said McGillicuddy. "I look forward to contributing to Harvest's outstanding management team and working with the Company's talented and dedicated employees."

McGillicuddy was formerly Chief Financial Officer of the Yankee Group, a telecommunications market research firm. He also held various management positions at Primark, a NYSE listed Company, and Deloitte and Touche.

For more information contact:

Harvest Technologies Corporation
40 Grissom Road
Suite 100
Plymouth, MA 02360
Tel: 508-732-7500
Fax: 508-732-0400
Email: info@harvesttech.com
 

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