Devon Medical Supplies Announces New President; Iona Brings Experience, Vision to Growing Company

Business Wire, April 11, 2006

KING OF PRUSSIA, Pa. -- Devon Medical Supplies, a leading developer and manufacturer of innovative medical products, has announced John R. Iona as its new president and chief executive officer, effective immediately.

"John is an accomplished CEO who brings multi-faceted vision, deep leadership expertise, and a solid track record of fueling growth within a wide array of dynamic businesses," says Dr. John A. Bennett, founder of Devon Medical. "I am delighted that he is taking the helm of our company."

Before joining Devon Medical, Mr. Iona was the president, CEO, and chairman of Physiometrics, Inc., a national technology and healthcare services company. Prior to that position he served as president of Storeroom Solutions, Inc., a leading provider of e-commerce and inventory asset management services. Mr. Iona also served as senior vice president and general manager of Day & Zimmermann International, Inc., and has held key leadership positions with Duratek, Inc., and Public Service Electric and Gas Company.

"Devon Medical is an exciting company with a brilliant future," says Mr. Iona. "The company's expansive line of highly-differentiated and innovative products, ever-growing pipeline, and "flat-world" execution philosophy will make Devon Medical a formidable player in the marketplace. Moreover, the impending FDA-approval and corresponding launch of our safety syringe, coupled with our rapidly expanding manufacturing capabilities, positions us to deliver world class products with global cost competitiveness."

Devon Medical's new safety syringe uniquely features a one-handed operation that passively deploys and locks a protective safety sheath after injection while the needle is still inside the patient, thereby never exposing a contaminated needle. The company submitted the 510(k) summary for the safety syringe to the FDA on March 13, 2006, and expects product availability in the third quarter of this year, following FDA-clearance.

About Devon Medical Supplies

Devon Medical Supplies (www.devonmedicalsupplies.com) provides innovative, safe, and cost-effective products to the medical community. Devon Medical manufactures assorted hypodermic and insulin syringes and other medical products that are in various R&D, production, and patent-pending stages. The company is headquartered in King of Prussia, Pennsylvania.