BioE Names Top Executive from Holiday Companies to Board Of Directors; Ronald Erickson Brings Significant Business Expertise to BioE

Business Wire, Oct 31, 2005

ST. PAUL, Minn. -- BioE(R), Inc., a biomedical company providing non-embryonic, human stem cells, announced today it named Ronald Erickson, chairman of the board of directors and chief executive officer (CEO) for Holiday Companies, an operator of 400 petroleum/convenience stores across the country, to its board of directors.

"We are very pleased to add Ron to our board," said Michael Haider, president and CEO for BioE. "His extensive leadership capabilities give us unparalleled business expertise that will be critical to guiding our company's growth in the stem cell industry."

Erickson also is chairman of the board of directors for Gander Mountain, a leading outdoor lifestyle retailer, and a director for Carriage Services, Inc., a publicly owned funeral services company, and Andersen Corp., a privately held company engaged in the manufacture and sale of windows and doors.

"It's with great excitement that I join BioE's board of directors," said Erickson. "The commercialization of the company's unique and non-controversial human stem cell provides it with a rare opportunity to define and own an entirely new category of cell biologics with high application across a variety of industries. I look forward to helping with these efforts and translating the knowledge I've gained from my many years in business into success for BioE."

About BioE

Headquartered in St. Paul, Minn., BioE is a biomedical company providing enabling non-embryonic, human stem cells. Privately owned and founded in 1993, the company's Cell Biologics -- including BioE's novel Multi-Lineage Progenitor Cell (MLPC) -- provide a non-controversial therapeutic research alternative to embryonic stem cells and less-plastic adult stem cells, and significantly enhance high-throughput drug discovery and screening processes. For more information about BioE, please visit www.bioe.com or call (800) 350-6466.