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[QUOTE]Originally posted by KingKory: [QB] [QUOTE][b]Paradigm Medical Names Luis Mostacero VP Finance[/b] [i]Monday March 20, 2:08 pm ET[/i] SALT LAKE CITY--(BUSINESS WIRE)--March 20, 2006--Paradigm Medical Industries, Inc. (OTCBB: PMED.OB/PMEDW.OB) today announced that Luis Mostacero has rejoined the Company as Vice President Finance, effective immediately. Mr. Mostacero, 41, previously served as Controller from June 2000 to August 2005. "We are extremely pleased that Luis Mostacero has accepted our offer to return to Paradigm Medical. He has a long history with the Company and is a tremendous asset to our effort of rapidly increasing our global presence within the ophthalmic industry, and the upcoming introduction of our enhanced product line," said Paradigm Medical's Chief Executive Officer, Raymond P.L. Cannefax. Mr. Mostacero, a native of Peru, served as Controller of Distinctive Creations, a Utah-based manufacturing company, from September 2005 to March 2006. He has more than 10 years experience, mainly in business and finance, in the U.S. "My goal is to create a more disciplined financial-controls structure at Paradigm Medical," Mr. Mostacero noted. "The Company has superior products and technology and is diligently working on sales and marketing programs to expand its operations and improve its performance. Coordinated internal financial planning and metrics will bolster the Company's performance and improve its balance sheet." Paradigm Medical Industries, Inc., currently develops, manufactures and markets high-tech, proprietary diagnostic equipment and consumable products for the medical industry. The Company's corporate offices are located at 2355 South 1070 West, Salt Lake City, Utah 84119. Call (801) 977-8970 or visit us at [URL=http://www.paradigm-medical.com.]www.paradigm-medical.com.[/URL] This press release contains statements that, if not verifiable historic fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Paradigm and its business. The predictions embodied in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.[/QUOTE] [/QB][/QUOTE]
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