CalciTech Ltd. (OTCBB:CLK) announces today the appointment of Ash Mehta as CFO of CalciTech Synthetic Minerals Europe Limited (“CSME”), its wholly-owned European operating subsidiary. CSME has an independent UK board of directors and senior management with extensive commercial, industrial and financial experience, and will operate independently within Europe.
Mr. Mehta joins with an excellent knowledge of the public equity markets in the City of London having been on the board of a number of full-list and AIM-quoted companies. He is currently a non-executive director of Northbridge Industrials Services plc, having previously been Finance Director.
He began his career with KMPG where he qualified as a Chartered Accountant. Following qualification, he worked in commercial finance roles for Eli Lilly Inc., and Parexel International Inc. since when he has held a number of CFO positions in public companies.
Roger Leopard, CEO of CalciTech Limited said: “I’m delighted that Ash has joined CSME at this exciting time as his experience and knowledge of the equity markets in London will be vital to the success of CSME. We continue to make good progress in developments for the commercialisation of our technology in Europe and I look forward to announcing further news in the coming weeks.”The directors of the company take responsibility for this announcement. This press release contains "forward looking statements" including forward looking statements as that term is defined in section 27a of the United States Securities Act of 1933 and section 21e of the Securities and Exchange Act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech's products, manufacturing of CalciTech's products in a commercial setting, obtaining adequate financing and construction management for production and obtaining appropriate permits. It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission.