Devices Radiology Personnel

 News Release - September 25, 2007

ONI Medical Announces Key Executive Hires

Record growth fuels new appointments

WILMINGTON, Mass.--(HSMN NewsFeed)--ONI Medical Systems, Inc., announces three new appointments to its executive team; Paul Falvey to Chief Financial Officer; D. Bryce Fehr to Vice President of Sales and Corporate Accounts; and Richard Mallozzi, Ph.D., to MRI Physicist.

"We are thrilled to have attracted top talent to guide our financial, sales and research efforts, especially at such a critical time in our company's growth," said Peter Pellerito, CEO of ONI, who notes that the company has doubled its installed base in just the last two years, and has recently secured over $12 million in capital funding. "Together, Paul, Bryce and Richard are the ideal compliment to our existing team of seasoned industry veterans," Pellerito adds.

ONI designs and markets the MSK ExtremeTM with v-SPECTM, the only, truly-open, 1.0T MRI unit dedicated to imaging the upper and lower extremities. The MSK Extreme combines superior, high-field image quality in a compact, patient-friendly unit available at an attractive value.

Paul Falvey

Falvey brings a wealth of experience in the healthcare technology sector; he most recently served as Director of Finance for Shields Health Care Group. He has also held key executive positions with Summit Technology, Cytyc Corporation, and MedChem Products. Falvey holds a B.S. in Business Administration from Stonehill College.

D. Bryce Fehr

Fehr holds dual responsibilities as both Vice President of Sales and Vice President of Corporate Accounts, with a focus on expanding sales channels. He brings nearly 15 years of medical device sales and management experience to his role, including stints at Invivo Corporation and Sherwood Medical. Fehr holds a B.S. in Business Administration from the University of North Dakota.

Richard P. Mallozzi, Ph.D.

Mallozzi is a prominent industrial physicist, hailing most recently from GE Global Research. He is widely recognized for his work in developing new MRI technology and applications, which include novel imaging hardware, quantitative applications of MRI, and interventional MRI. Mallozzi will advance new acquisition techniques for ONI's MRI scanners, and will play a central role in new product development. He received his Ph.D. in Physics from the University of California, Berkeley, and his B.A. from Harvard University.

Falvey, Fehr and Mallozzi all assume their new positions immediately.

About ONI Medical Systems, Inc.

Founded ten years ago, ONI Medical Systems, Inc. develops and markets dedicated-purpose extremity MRI systems that exceed the rigorous requirements of diagnostic radiology. With a clear focus on both image quality and clinical utility, ONI's systems address the strict needs of: facilities with limited space and budgets; clinicians seeking superior diagnostic MR technologies; and patients who require a relaxed diagnostic testing experience. For more information, please visit www.onicorp.com, call 978-658-0020, or e-mail info@onicorp.com.

Source: ONI Medical Systems

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