TechniScan Hires New CFO

TechniScan, Inc. a medical device company engaged in the development and commercialization of an automated breast ultrasound imaging system, today announced that Steven K. Passey, CPA, has joined the Company as its new Chief Financial Officer. TechniScan, which recently became a publicly-traded company, conducted an extensive search of qualified candidates and found Mr. Passey's background and qualifications lined up perfectly with the needs of a firm that is now publicly-owned.

"Steve is a fantastic addition to our roster of talented professionals," Chief Executive Officer David C. Robinson commented. "His background with publicly-traded companies, IPOs, budget planning and cost control ensures we will maintain the highest standards as a public company. More importantly, Steve's background will help us secure the additional investment we need to ensure our Svara(TM) automated, 3D ultrasound system is launched properly and is available to help doctors improve breast cancer detection and to ultimately save lives." TechniScan's new CFO was most recently the Vice President, Chief Accounting Officer and Treasurer for Mrs. Fields' Famous Brands (Mrs. Fields and TCBY brands) in Salt Lake City, UT. Prior to that, Mr. Passey was hired to spearhead all SEC filings for Extra Space Storage, another publicly-traded company based in Salt Lake. As Controller of REIT Properties for that $200M revenue company, he played a key role in helping launch 34 newly acquired properties. Previously, Mr. Passey also spent several years as a Senior Manager for public accounting firm Ernst & Young. Mr. Passey received his Bachelor of Science degree in accounting from the University of Utah, and is a certified public accountant.