Exhibit
99.2
Press
Release
January
16, 2007
OXIS
International Appoints Matt Spolar to Its Board of
Directors
OXIS
International (OTCBB: OXIS) (Nouveau Marche: OXIS) (FWB: OXI), a
biopharmaceutical company focused on commercializing biomarker research and
clinical assays, nutraceutical and therapeutic products related to oxidative
stress and, through its majority interest in BioCheck, high quality immunoassay
clinical kits and contract services, announced today that it has appointed
Matt
Spolar to its Board of Directors. Mr. Spolar currently serves as Vice President,
Product Technology for Atkins Nutritionals, Inc.("Atkins"), a market-leading
portable nutrition foods company.
Since
1999, Mr. Spolar has spearheaded new product development, product optimization,
scientific affairs, quality systems management, and technical production support
for Atkins. Mr. Spolar helped to arrange an acquisition of Atkins by Parthenon
Capital and Goldman Sachs in October, 2003 for more than $500 million,
participated in improving the company's balance sheet through a pre-packaged
bankruptcy where two-thirds of liabilities were exchanged for equity, and
witnessed the company's emergence from bankruptcy just six months later.
"We
are
pleased to attract an experienced executive like Matt to our Board of Directors
during such an exciting time for OXIS," said Marvin S. Hausman MD, President
and
CEO. "We believe his experience in turnaround situations and in developing
innovative food products should be invaluable as we aggressively drive sales,
seek licensing activities, and launch one of our leading nutraceutical products
from our promising portfolio."
Prior
to
joining Atkins, Mr. Spolar served as an analyst with Datamonitor, Inc., a global
management consultancy, where he specialized in providing information solutions
for Fortune 500 consumer packaged goods companies. Mr. Spolar was awarded BS
and
MS degrees in Food Science from the Pennsylvania State University.
About
OXIS and BioCheck
OXIS
International, Inc. develops technologies and products to research, diagnose,
treat and prevent diseases of oxidative stress/inflammation associated with
damage from free radical and reactive oxygen species. The company holds the
rights to three therapeutic classes of compounds in the area of oxidative
stress, and has focused commercialization programs in clinical cardiovascular
markers, including MPO (myeloperoxidase) and GPx (glutathionione peroxidase),
as
well as a highly potent antioxidant, Ergothioneine, that may be sold
over-the-counter (OTC) as a neutraceutcal supplement. OXIS has acquired a 51%
interest in and has the option to purchase the remaining 49% of BioCheck.
BioCheck,
Inc. is a leading provider of high quality enzyme immunoassay research services
and products including immunoassay kits for cardiac and tumor markers,
infectious diseases, thyroid function, steroids, and fertility hormones. The
company operates a 15,000 square-foot, U.S. Food and Drug Administration (FDA)
certified cGMP, and ISO device-manufacturing facility in Foster City,
California.
More
information about OXIS, BioCheck and their products, services as well as current
SEC filings may be obtained by visiting http://www.oxisresearch.com and
http://www.biocheckinc.com.
The
statements in this press release that are not purely historical are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including,
without limitation, statements regarding our expectations, objectives,
anticipations, plans, hopes, beliefs, intentions or strategies regarding the
future. Factors that could cause actual results to differ materially from the
forward-looking statements include risks and uncertainties indicated in the
company's filings with the Securities and Exchange Commission. It is important
to note that actual outcomes could differ materially from those in such
forward-looking statements.
CEOcast,
Inc. for OXIS International
Andrew
Hellman, 212-732-4300
Source:
Business Wire (January 16, 2007 - 8:13 AM EST)