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BioLife Solutions (OTC: BLFS) Appoints New Member Of BOD

Rick Stewart to Board of Directors, CEO of Cardiac Dimensions

BioLife Solutions, Inc. (NASDAQ:BLFS) announced that Rick Stewart, Chief Executive Officer of Kirkland, Washington-based Cardiac Dimensions, has joined its board of directors and has been appointed to its Audit Committee.

Mr. Stewart has served as President and CEO, and a member of the Board of Directors of Cardiac Dimensions since 2001. From 1998 to 2001 he was President and CEO of Tegris Corporation, a leading IT infrastructure and enterprise applications provider for vertical markets. Prior to that Mr. Stewart had a long career within Eli Lilly in its Medical Device and Diagnostics Unit, holding multiple executive positions in general and technical management, sales, marketing and business development. Mr. Stewart was a member of the senior team that led a buyout of the Physio-Control subsidiary from Eli-Lilly in 1994 which shortly thereafter was taken public. He received an MBA from the University of Washington.

The Bottom Line: Stewart replaces Howard Breslow, who submitted his resignation from the board.

BLFS closed on Friday <2/1> at $0.32 up $0.04 from $0.028 on 1/31/13.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.