Healthcare Industry News:  Avicena Group 

Devices Personnel

 News Release - October 29, 2007

Barnev, Inc. Names Douglas Smith Chief Financial Officer

Continuous Labor Monitoring Provider Taps 25-year Finance Executive to Join Senior Team

ANDOVER, Mass.--(HSMN NewsFeed)--Barnev, Inc., providers of BirthTrack™ continuous labor monitoring solutions, today announced the appointment of Douglas Smith as chief financial officer (CFO).

“Doug’s successful finance background, breadth of experience, and deep knowledge of our industry makes him a strong fit for our young business,” said Ron Greene, CEO, Barnev, Inc. “We’re thrilled to bring him on board to lead our finance organization and to complement our senior management team.”

Smith has over 25 years of financial executive experience, including 9 years in the medical device and biotech industries. Prior to joining Barnev, Smith was the CFO for Axya Medical, Inc., a provider of knotless fixation systems for minimally invasive surgery. At Axya, he oversaw all financial management including financial systems, reporting, and budgeting during the firm’s raising of $7M of venture financing in 2005, subsequent sale for $22M in 2006, and post-merger integration in 2007.

Smith has also held various senior-level finance positions with OmniSonics Medical Technologies, Insulet Inc., Boston Medical Technologies, and Avicena Group, Inc. Prior to entering the medical device industry, Smith spent 10 years at Thinking Machines Corporation and 7 years at Arthur Andersen & Co.

About Barnev Inc.

Barnev Inc. manufactures and sells BirthTrack, a continuous labor monitoring technology that accurately and safely monitors in real time both cervical dilation and fetal head descent in the birth canal during the labor process. BirthTrack is FDA cleared and CE approved, and has been introduced into U.S. and other global markets. For more information, please visit www.barnev.com.


Source: Barnev

Issuer of this News Release is solely responsible for its content.
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