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Posted: JAN 16, 2008

CSMG Technologies Announces Frank D'Amelio to Become President and Board Member of its Subsidiary Live Tissue Connect, Inc.

Corpus Christi, TX, January 16, 2008 -- CSMG Technologies, Inc., (OTCBB: CTUM - News), a technology management company, announced that its subsidiary, Live Tissue Connect (“LTC”), has hired a President and named that person to the Board of Directors.

Don Robbins, President and CEO of CSMG Technologies, said, “We are very pleased Frank has agreed to join LTC as its President and a member of the board to lead the Company into the era of marketing, manufacturing and distribution. Frank has demonstrated superb leadership while working through a comprehensive commercialization plan. He’s implemented an effective product development strategy, hired a high caliber team, set-up needed clinical testing, worked through regulatory issues and helped position the Company and its products as a unique bipolar medical device innovator. We are excited that Frank has chosen to lead LTC as it enters the European and other world markets. Frank has stellar connections with medical device distributors and companies worldwide. Having received the CE Mark approval on our electrosurgery generator and with commercial manufacturing of these instruments and generator in-process, we hope to enter the European markets toward the end of this quarter or early next quarter.”

LTC new President, Frank D’Amelio added, “I am pleased to accept this position with such an innovative medical device company. Don has done an excellent job of identifying and investing in leading, next generation technology platforms. LTC is developing and commercializing advanced bipolar-technology instruments that seal, cut and weld tissue. I’m proud of the results our team has produced in the past year and look forward to the distribution of the resultant generators and disposable instruments.”

Mr. D’Amelio was the former Chief Technology Officer for Gyrus Group PLC; Chief Manufacturing Officer for ACMI Corporation and General Manager for Circon Corporation. He also has extensive M&A, strategic alliance and distribution experience.

About Live Tissue Connect

LTC's surgical tissue bonding / welding device is a patented platform technology that bonds and reconnects human soft tissue through fusion, in contrast with conventional wound closing devices such as sutures, staples, sealant, or glues. LTC currently holds a total of approximately 44 patents and patent applications in the U.S., Australia, Canada, European Union, Ukraine and other countries.

For further information on CSMG Technologies and its various subsidiaries, please visit our website at www.csmgtechinternational.com.

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This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

CONTACT:

CSMG Technologies, Inc.
Donald S. Robbins, President and CEO
361-887-7546
or
K. Bruce Jones, 770-955-0409
or
ROI Group Associates, Inc.
Michael Dodge, 212-495-0744
mdodge@roiny.com

 

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