DGIMed Ortho

Andcor places CEO at med-tech startup

Wayzata, MN – March 11, 2009

Andcor Companies, Inc., the executive search firm for emerging growth companies, is pleased to announce DGIMed Ortho, Inc. has hired Phillip I. Smith as its chief executive officer. DGIMed, backed by $3.4 million in series A financing, is specializing in a new, proprietary system to assist orthopedic surgeons in the delivery of long bone intramedullary nail implants.

Phil was most recently the executive vice president of strategy and business development for Vital Images. Prior to Vital Images, Phil served as chief executive officer of Thermonix and as vice president of marketing & business development of Image-Guided Neurologics, both early stage medical device companies. Previously he was vice president of healthcare investment banking with Piper Jaffrey & Co. and a strategic account manager with GE Medical Systems. In addition Phil serves on the board of Angeion Corporation and the Minnesota Children’s Museum. Phil holds a MBA from the University of Pennsylvania and a BS in Electrical Engineering from the University of Florida.

About DGIMed Ortho Inc.

DGIMed Ortho, Inc. is an early stage medical device company engaged in the development and commercialization of the Revolution Drill® System (RDS). The RDS is a new, proprietary system to assist orthopedic surgeons in the delivery and distal locking of long bone intramedullary nail implants. Dan Gladney, Founder and Chairman, acquired the technology rights through an agreement with the Midwest Orthopedic Research Foundation, Devicix LLC, and Ramon B. Gustilo, M.D. in 2008. For additional information visit www.dgimedortho.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 fee structure, refundable retainer agreements, and use of combined networks. Additional information can be found at www.andcor.com.