Published: September 30, 2008
CLX Medical, Inc. Announces Agreement for Kurt Kalm to Serve as Interim CFO

CLX Medical, Inc. (OTCBB: CLXN), which is
focused on the marketing and distribution of unique medical diagnostic
testing products, today announced an agreement with Kurt Kalm, an executive
with over 30 years of international financial experience, to serve as
interim chief financial officer of CLX Medical effective at the close of
the company's planned acquisition of ThyroTest®.
ThyroTest®, a rapid thyroid stimulating hormone (TSH) screening device
used for the detection of hypothyroidism in adults, a common thyroid
disease, is FDA cleared and has also achieved CLIA waived status, so the
test can be administered in the more than 100,000 CLIA waived doctors'
offices in the U.S., as well as in any non-waived laboratory. CLX Medical
has entered into a definitive agreement to acquire ThyroTest® and is
seeking to close the acquisition as soon as possible.
Mr. Kalm has served as CFO of ThyroTec, LLC, the developer of the
ThyroTest® device, since 2004. A former CPA, Mr. Kalm possesses
investment banking experience in both the United States and Europe,
including with Dillon Read and Arnhold and S. Bleichroeder. His financial
management employment includes with General Mills and Honeywell
International. Mr. Kalm was an early stage investor in New River
Pharmaceuticals, which was eventually acquired by Shire Pharmaceuticals for
$2.6 billion.
"We are extremely pleased that Kurt Kalm has agreed to join the CLX Medical
team as CFO, effective at the close of our anticipated acquisition of
ThyroTest®," commented Vera Leonard, chief executive officer of CLX
Medical. "His extensive experience in high level investment banking and
financial management is expected to be a great asset to the company as it
implements a comprehensive marketing and distribution program for the
ThyroTest® device."
Mr. Kalm stated, "Having been involved with the ThyroTec since 2004, I look
forward to working with the CLX Medical team to implement the company's
business strategy related to the ThyroTest® device."
ThyroTest® is a qualitative rapid diagnostic test that allows physicians
to screen adult patients for hypothyroidism in approximately ten minutes
with a whole blood sample.
Hypothyroidism develops when the thyroid gland does not produce enough
thyroid hormone to properly regulate the body's metabolism. A lack of
thyroid hormone affects many body systems. The incidence of hypothyroidism
tends to increase with age, with older people, especially women, at highest
risk. Common symptoms include weight gain, fatigue, mood swings, weakness,
dry and coarse skin and hair, hair loss, depression, decreased libido,
trouble swallowing, increased cholesterol, heavy or irregular periods or
trouble getting pregnant.
Approximately 120 million thyroid-related lab tests are performed in the
United States each year. At an estimated average cost of $40 per test, the
U.S. market is currently valued at nearly $5 billion. Approximately 45
million of those tests are conducted in order to diagnose thyroid
dysfunction. CLX believes that ThyroTest® is an appropriate,
cost-effective first-step for those 45 million diagnostic TSH tests. This
current U.S. market opportunity is amplified by the CLIA waived status,
which makes the opportunity to meet American Thyroid Association
recommendations for screening every individual at age 35 and every five
years thereafter a reality.
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when new press releases, investor newsletters, SEC filings, or other
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http://www.clxinvestments.com/email.php.
About CLX Medical, Inc.
CLX Medical, Inc. (www.clxmedical.com) holds a 51% equity interest in
Zonda, Inc. (www.zondaincusa.com), which has developed several rapid point
of care tests for medical and non-medical markets, including a rapid test
for chlamydia. CLX has also entered into a definitive agreement to acquire
ThyroTest®, a rapid thyroid stimulating hormone (TSH) screening device
used for the detection of hypothyroidism in adults, a common thyroid
disease. CLX Medical is focused on the successful worldwide distribution
of these and any additional products it may acquire or license.
All statements included in this release, including statements regarding
potential future plans and objectives of CLX Medical, Inc. are
forward-looking statements. Such statements are necessarily subject to
risks and uncertainties, some of which are significant in scope and nature
beyond CLX Medical's control. There can be no assurance that such
statements will prove accurate. Actual results and future events could
differ materially from those anticipated in such statements depending on
many factors. Historical results are not necessarily indicative of future
performance.
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