Simbionix’ New CFO Brings Strong International Financial and Legal Background

Cleveland, OH and Lod, Israel: Simbionix USA Corporation (Simbionix), a developer of medical simulators and hands-on curriculum for training medical professionals, announced that Boaz Tal has joined the company as Chief Financial Officer (CFO). Boaz will work in the Lod, Israel office managing global financial operations, including the Cleveland, Ohio and Denver, Colorado locations.

Boaz brings broad financial knowledge and experience to Simbionix. For the last 9 years, Boaz was employed by the prestigious law firm of Herzog Fox & Neeman, Israel, specializing in international ventures, M&A, and commercial transactions. Prior to his years at Herzog Fox & Neeman, Boaz spent 6 years focused on international corporate financial management. Boaz’ career has allowed him the opportunity to work with many international medical technology companies, a perfect fit with Simbionix.

Gary Zamler, CEO, stated, “Simbionix is looking to the future and to cementing our place as the leader in the simulation and medical content and education market. Adding Boaz to the team, with his diverse background and talents, fits with our long term strategic plan of continuous growth and our plan to prepare for an IPO.” Chairman of the Board, Dr. Avshalom Horan said, “Boaz’ recruitment following Gary’s appointment as CEO in April is another step in building a strong management team that can grow the company to the next level.” President and COO, Ran Bronstein, explained, “We anticipate a smooth transition as Aurel Dzur, CFO, assists Boaz until June 19, 2006.”

Since its inception in 1997, Simbionix has raised approximately $11 million. Investors include, among others, Early Stage Partners and Koor Corporate VC. The Company is now in the process of raising additional financing in order to fund the global rollout of its Total Solution simulation product offering.

Simbionix is a global leader in medical simulation technology. The company’s mission is to provide state of the art, simulation-based medical education and training systems, and to set the standard for minimally invasive surgical training and performance. Since the successful introduction of the GI Mentor™ to the world market in 2000, Simbionix completed four other medical training simulators, which provide medical experts with hands-on training in a comprehensive array of Minimally Invasive Surgery procedures; the URO Mentor™ – a simulator for endourology procedures, the PERC Mentor™ for percutaneous access procedures, the LAP Mentor™ – a multi disciplinary simulator for laparoscopic skills and surgery procedures, and the recently launched and enthusiastically received ANGIO Mentor™ for interventional cardiologists, interventional radiologist and vascular surgeons that can use it to perform complete procedures, as well as acquiring basic skills.