The Board of directors of NuGen Medical Devices Inc. announced the departure of Mr. Michael Wright, Chief Executive Officer, effective immediately. The Company wishes Mr. Wright good luck with his future endeavors. The Board also announced the immediate appointment of Mr. Derek Lindsay, a current director of NuGen, as Interim Chief Executive Officer (CEO).

Derek Lindsay, CEO, is a seasoned international executive with long experience scaling high potential companies in the medical device, telecom and other high growth sectors. He has a proven track record of creating value for shareholders, raising capital, and a strong financial discipline. Mr. Lindsay was CFO of Cryocath, a publicly traded medical device company that was restructured and then sold at a significant premium to a global U.S. medical device company.

He has worked as strategic advisor for other fast growing private medical devices companies as well as CEO and CFO for various public and private companies.