NEWS RELEASE

FOR IMMEDIATE RELEASE

July 23, 2008

Contact: Luke Frank, Media Relations Manager, 505/272-3679; 505/907-9525 (cell)

ALBUQUERQUE, NM - UNM Professor of Internal Medicine Wilmer L. Sibbitt, Jr., M.D., recently was selected as one of the top 100 people of note in the medical device industry. Sibbitt was recognized for his innovative work in developing products for procedural medicine and drug-delivery, new interventional cardiology products, and imaging contrast agents that improve pictures of organs in the human body.

Medical Device & Diagnostic Industry Magazine listed Sibbitt as one in an exclusive group who ". . . make amazing advances in medical science and technology, and ensure that medical devices can treat patients safely and effectively."

More specifically, Sibbitt pioneered the reciprocating syringe, which enables both the injection and extraction of fluids by pushing down the syringe plunger. This practical medical device, designed around the ergonomics of the human hand, led to the founding of AVANCA Medical Devices, Inc., in 2004. AVANCA is now developing additional lines of advanced FDA-approved syringe-based drug-delivery, procedural medicine and dental products.

Sibbitt’s newest company, Avasca Medical, Inc., was created around a new device used by interventional cardiologists and radiologists. Avasca is his third business developed in the last 10 years with brother Dr. Randy Sibbitt - also a UNM School of Medicine graduate. Avasca’s advanced non-syringe technology was spun out of AVANCA to fully develop the technology’s potential.

"My dad was an engineer at Los Alamos Labs, so my brother and I were always making something in the garage," Sibbitt says. "Like my parents, UNM’s School of Medicine and Science and Technology Corporation have been very supportive and encouraged me to develop my own ideas to bring UNM technologies to market."

For more information about AVANCA Medical Devices, visitwww.avancamedical.com.

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