TORONTO, ONTARIO -- (Marketwire) -- 01/31/13 -- Biologix Hair Inc. (OTCBB: BLGX) (OTCQB: BLGX) has appointed Thomas M. McDermott to Chair its Board of Directors, replacing Ron Holland who will remain a Director and the Company's Chief Executive Officer.
Ron Holland, Biologix Director and CEO, stated, "It has always been the intent of our management team to separate the roles and responsibilities incumbent with each of the senior positions, Chairman of the Board and Chief Executive Officer. I am extremely pleased to have someone of Thom's extensive experience assume the leadership position at the Board level and I look forward to working closely with him and the rest of our team to maximize the future potential of Biologix for all shareholders."
Thomas McDermott has more than 40 years of management and executive experience in a wide range of business and government settings, as well as in business and political consulting. For 22 years, Tom headed up a group of investors who owned seven radio stations in the Chicago market and served as CEO of Northwest Indiana Forum, a group representing the needs of large- and medium-sized industry in a seven-county area for 12 years.
Mr. McDermott served as mayor of Hammond, Indiana from 1983 to 1991, the first Republican elected to that office in 29 years. As mayor, he was CEO of the municipal government's 1200 employees and $50 million budget. Prior to his election, Tom managed successful political campaigns and oversaw circulation for two daily newspapers, the Chicago Sun Times and Hammond Times.
Tom McDermott attended Utah State and Napa College. He has received numerous leadership and community service awards, including the Hammond Chamber of Commerce's "Business Person of the Year," "Man of the Year" from Greater Hammond Community Services and the Lake County Economic Opportunity Council Service Award.
Commenting on his appointment, newly appointed Chairman, Thomas McDermott stated, "I am very honored to serve as the company's Chairman and believe Biologix is uniquely positioned to capitalize on its patent-pending breakthrough hair loss prevention and rejuvenation therapy. Building an international business requires significant capital resources, strong and effective management and a clear and concise business plan that defines roles and responsibilities. I am confident that Biologix has the core elements necessary to execute and meet the ongoing myriad challenges that face any growing corporation.
"There is no better feeling than knowing you have done all you can to contribute to the success of any organization's ability to fully capitalize on its opportunity. And that is exactly what I intend to do as Chairman of Biologix," continued McDermott.
About Biologix Hair Inc. and Biologix Hair Science Ltd.
Biologix Hair Inc. (Biologix Hair), together with its wholly owned biotechnology subsidiary, Biologix Hair Science Ltd. (BHS), is focused on realizing the full market potential for its patent-pending hair loss formula - Biologix Revive - and its demonstrated ability to prevent and reverse the effects of alopecia, which plagues hundreds of millions worldwide.
Between mid-2004 and mid-2012, more than 30,000 pre-clinical-trial treatments of Biologix Revive were administered to 5,000-plus patients in South America suffering with varying degrees of alopecia, as well as people seeking preventive treatment. The participating treatment clinicians subjectively observed and reported that virtually 100% of preventive care clients continued to retain their healthy hair and an estimated 80-85% of the males and 90-plus% of the females treated for hair regeneration experienced significant regrowth of their own natural hair. And among alopecia areata patients, virtually total hair regrowth was observed in 100% of the cases. To date, no negative side effects have been reported.
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