Active Implants Corporation Names New Chief Financial Officer

MEMPHIS, Tenn.--(Business Wire)--
Active Implants Corporation (AIC), a pioneer in pliable orthopaedic implant
technology, today announced that J. Michael Keenan has joined the executive
management team as its Chief Financial Officer and Vice President,
Administration. Mr. Keenan will be responsible for finance and accounting and
provide leadership for legal, information technology and operational structure
to support the company priorities.

Mr. Keenan has 20 years experience in finance management with his most recent
experience as Chief Financial Officer and Partner with Wisteria Capital
Management, a private equity investment company. While at Wisteria, Mr. Keenan
was the senior finance executive of several portfolio companies with significant
crossover responsibilities into complex operations supporting accelerated
growth. Mr. Keenan began his career with Arthur Andersen, left to form a CPA
firm, and later merged the CPA firm with a business valuation and transactions
advisory firm before joining Wisteria Capital. His education and credentials
include a Bachelor`s in Business Administration from the University of Memphis,
Chartered Financial Analyst (CFA), Certified Public Accountant (CPA) and he
received the Accredited in Business Valuation (ABV) credential by the American
Institute of Certified Public Accountants.

"Michael has a proven track record for working closely with management teams to
build and grow companies from the development stage through early
commercialization and into the growth stages. His breadth and depth of skills
and experiences will be a terrific addition to our talented global executive
team," stated Michael R. Mainelli, President & CEO of Active Implants. "We are
pleased to welcome him and are excited about the contributions he`ll be making
toward achieving our goals and objectives."

About Active Implants Corporation

Active Implants Corporation is a privately-held company formed in 2004 and since
developed its first product, completed three rounds of financing and initiated
commercialization in Europe. Active Implants is currently advancing the
development and adoption of its TriboFit Hip System, a next generation bearing
surface made from medical grade polycarbonate urethane with potential benefits
of improved wear and improved range of motion without the disadvantages often
associated with current implant bearing systems. The company is headquartered in
Memphis, Tenn. with research facilities in Netanya, Israel.

Active Implants Corporation
Barbara Albiniak, 901-762-0352
barbara.albiniak@activeimplants.com
www.activeimplants.com

Copyright Business Wire 2009