Company Announcement
10 September, 2008
Appointment of Chairman
Melbourne, September 10, 2008 – Medic Vision Limited (“Medic Vision” or the “Company”) (AIM: MVH), announces the resignation of Associate Professor Patrick Cregan as the non executive Chairman due to an increasing workload including greater involvement on the board of management of cancer institutions.
The company would like to welcome Mr Thamby Navaratnam who has agreed to join the Board and will do so as non executive chairman with immediate effect. He has been instrumental in assisting Medic Vision secure its position with Apollo Group and with the companies training centre roll out plan for deployment in India and other countries. Mr Navaratnam is a citizen of Sri Lanka and brings to the company a wealth of experience in commercial operations on a global scale.
Mr Navaratnam has a background in manufacturing, trading and healthcare. He holds a BSc Hons in Civil Engineering and a Masters degree in Textile Technology. He is currently the Chairman of Singalanka Standard Chemicals Ltd and has been since 1983. Mr Navaratnam is a Director of the advisory board of the Real Medicine Foundation of Los Angeles, USA.
Mr Navaratnam held the position as Vice Chairman of Lanka Hospitals Corporation Ltd from October 1997 until October 2006. He was Chairman of Impact Foundation Sri Lanka, involved in healthcare and development among the poor and needy until 2006, he is currently Vice Chairman.
Mr Navaratnam also has current directorship or has held directorships in the following companies:
• Rio Property Developers (Pvt) Ltd (29 June 2005 – current)
• Rio Cinema Films (Pvt) Ltd (2 December 2003 – current)
• Ormin (Pvt) Ltd (8 February 1988 – current)
• Archimedes Consultants Lanka (PvT) Ltd (12 December 2005 – current)
• eSmart Limited (9 June 2003 – current)
• Healthtech Asia-pacific Limited (27 April 2004 – current)
• New net Limited (November 06 – July 07)
The Board would like to take this opportunity to thank Pat for his valuable contribution to the company as Chairman but also as Medical Advisor since Medic Vision’s inception, a role he plans to continue. We wish Pat every success for the future.
Save for the information disclosed above there is no other information falling to be disclosed under Schedule 2(g) of the AIM Rules.
On behalf of the Board
Ross Horley
Managing Director
Medic Vision Limited
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