C. Kevin Coonce Resigns from Kositech Scientific AG

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Kositech Scientific today announced that C. Kevin Coonce, Senior Vice President of American Operations, has resigned, effective 31 December 2007.

Kositech Scientific today announced that C. Kevin Coonce, Senior Vice President of American Operations, has resigned, effective 31 December 2007.

Statement from the Kositech Scientific board of directors:
"Kevin Coonce has been a valuable officer of Kositech Scientific for many years. We acknowledge all of the good work that Kevin has accomplished on behalf of Kositech. He led our business during our American expansion transition. He chaired the selection committee for our new facilities in North America. We have never, nor do we now, question his abilities, his intentions, his integrity or his ethics. We regret that we will lose his contributions to our company and appreciate all of his accomplishments on behalf of Kositech."

Statement from Steven J Winston, EVP/CFO:
"Kevin's resignation is a huge loss for Kositech Scientific both in our American operations as well was worldwide. Kevin was Kositech's top intellectual property manager, as well as our leader in the North American expansion. He was a true champion of the American marketplace, as well as the motivating factor in our decision to locate within the great lakes region of the United States. I know Kevin as a devoted family man, and a true leader in the medical arena. I wish Kevin and his family well in their future endeavors."

About Kositech Scientific AG
Kositech Scientific AG is a AAA rated, privately held corporation with over 6,000 employees worldwide. Currently Kositech is involved in research and development of medical equipment, durable medical supplies, and in pharmaceutical research and development. Kositech's corporate headquarters are located in the heart of Singapore's financial district. Kositech also maintains a large research and development campus in Bangkok, Thailand; manufacturing in Accra, Ghana and China; as well was numerous sales offices worldwide.

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Steven J. Winston
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