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SCIO DIAMOND TECHNOLOGY CORPORATION ANNOUNCES RESTRUCTURING OF BOARD OF DIRECTORS

Stocks in this article: SCIO

GREENVILLE, S.C., June 17, 2014 (GLOBE NEWSWIRE) -- Scio Diamond Technology Corporation ( Scio) (OTCQB: SCIO) a leading manufacturer of lab-grown diamond for the gemstone and industrial marketplace, today announced the restructuring of its Board of Directors and appointment of an additional independent member. The restructuring reflects a desire for greater diversification of roles and responsibilities across the Board, and increased focus in several key areas. Bruce Likly, currently Principal of Kovak-Likly Communications will join the Board effective immediately and become and share Co-Chairman responsibilities with Edward Adams.  This will bring the total number of Company Directors to six (6).

"The addition of Mr. Likly to Scio's Board of Directors as Co-Chairman brings a level of Board management expertise that will help develop greater company oversight, transparency and accountability," said Edward Adams, Scio's Co-Chairman. "Bruce has a strong track record of leading Boards and organizations through transition and growth and by adding his talents as Co-Chairman, the Company will be better positioned to deliver on the potential opportunities ahead of us."

Mr. Bruce Likly

Mr. Likly brings more than twenty-five (25) years of technology, communications and management experience to Scio.  Having begun his career at IBM and worked to help grow Sun Microsystems from $1 Billion in sales to more than $10 Billion, Mr. Likly has spent the last decade as Principal at Kovak-Likly Communications where his team helps companies develop and implement strategic sales, marketing and communications plans.  This work previously included assisting Apollo Diamond, the company whose assets Scio Diamond Technology Corporate acquired in 2011.  Mr. Likly also currently serves as Chairman of the Board of Mutual Security Credit Union and the Wilton Public Schools Board of Education.

About Scio Diamond Technology Corporation

Scio employs a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting. These are known as "lab-grown" diamonds. Lab-grown diamonds have chemical, physical and optical properties identical to "earth-mined" diamonds. The Company's manufacturing process produces high-quality, high-purity, single-crystal colorless, near colorless and fancy colored diamonds.

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