DECEMBER 04, 2009

ITSI Biosciences is pleased to announce the addition of Richard Cosgrove as Vice President of Operations and Business Development to the organization.

Mr. Cosgrove will be directly responsible for all aspects of business development and marketing to help ITSI Biosciences expand its domestic and international market share in academic, corporate and government sectors, as well as managing operations of the company™ business units.

According to Richard Somiari, PhD, President and CEO, “We are extremely pleased to have Rick join us at this important time in the growth of the company. Our future in the national and international market place is very bright, and Mr. Cosgrove will focus on consolidating existing markets and working to open up new business opportunities in government, the defense industry and pharmaceutical companies”.

Mr. Cosgrove comes with extensive marketing and management experience in the healthcare industry. He holds a Master’s degree in Liberal Arts/International Studies from Lock Haven University, Advanced Graduate Studies International Business Management certificate from Point Park University and a Bachelor of Science degree, in Marketing from Indiana University of Pennsylvania. Rick has previously held positions at HealthSouth Corporation and University of Pittsburgh Medical Centers and is Adjunct Professor of Marketing/Management at the University of Pittsburgh at Johnstown. He is a member of the Board of Directors of the Greater Johnstown/Cambria County Chamber of Commerce, where he is the chairman, Government Action Committee. Mr. Cosgrove is a member of the I.U.P.  Eberly College of Business and Technology’s business advisory board, Johnstown Symphony Orchestra’s board of advisors and is chairman of the American Heart Association Cambria/Somerset Heart Ball 2010.

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