BioDrain Medical

Kevin Davidson named CEO of BioDrain Medical

Wayzata, MN – November 28, 2006

Andcor Companies, Inc., the venture catalyst for Minnesota's most promising emerging companies, is pleased to announce it has successfully completed the search for the chief executive officer of BioDrain Medical, Inc., an early stage company creating competitively priced, environmentally safe systems for the collection and disposal of biohazardous fluids that result from surgical procedures and post-operative care.

In his new role, Kevin will be responsible for the development and implementation of the overall strategic and tactical plans that will maximize profitable growth and return on investment for the company and its shareholders.

"I am extremely excited to be a part of BioDrain," said Davidson. "The company addresses key environmental and safety concerns in addition to having been very well received to date by health care institutions. The existing management and Board have vast experience in the health care sector and will be valuable resources as we bring the product to market and expand into this very large, relatively untapped sector. I look forward to working with this strong team to optimize the potential that exists at BioDrain."

Davidson most recently served as chief financial officer and vice president of business development for Orthorehab, a manufacturer and marker of orthopedic and rehabilitation medical products, where he was instrumental in its sale to Otto Bock HealthCare. Prior to joining Orthorehab, Kevin was Managing Director of Arthur Andersen's Healthcare Corporate Finance group. Previous experience includes vice president of finance at Dacomed Corporation, a manufacturer and distributor of urological devices. Following the sale of Dacomed, Kevin became the chief financial officer of MedVision, Inc., an early stage telemedicine company. He has also held the position of corporate development manager at St. Jude Medical, Inc., and has been an independent consultant for Innocept GmbH, a German manufacturer of urological devices, and other Minnesota-based medical start-ups. Kevin received his B.A. in Economics from Gustavus Adolphus College and an M.B.A. from the Colgate Darden Graduate School of Business Administration at the University of Virginia.

About BioDrain

BioDrain Medical, Inc. creates competitively priced, environmentally safe systems for the collection and disposal of biohazardous fluids that result from surgical procedures and post-operative care. The systems minimize exposure potential to health care workers, require no functional changes in surgical techniques or operating procedures, and provide incremental cost savings to institutions. For additional information visit www.biodrainmedical.com.

About Andcor

Andcor Companies, Inc. is a leading provider of professional and executive level search services for emerging growth companies. As a leading resource for the assembly of entrepreneurial management teams, Andcor has developed an unparalleled relationship-driven network within the emerging growth community and leverages this unique and valuable resource to help its clients transform vision into reality.

Founded in 1969, Andcor has vast experience with pre-revenue through high growth small-cap clients in a broad array of industries and has established itself as a pioneer in the recruiting industry through its equity-for-services and staged payment fee structures, refundable retainer agreements, and use of combined networks. Additional information can be found at www.andcor.com.