Mergenet Solutions, Inc. Adds Top Industry Veterans to Innomed Technologies, Inc. Management Team Portfolio Companies

Tuesday, May 15, 2001

BOCA RATON, Fla.--(BUSINESS WIRE)--

In its drive to make Innomed Technologies, Inc. (a vanguard company in sleep apnea treatment technology,) an industry force to be reckoned with, Mergenet Solutions, Inc. welcomed R. Patrick Karem and Richard J. Glymph to lead Innomed Technologies, Inc.

R. Patrick Karem was former director of hospital sales for Resmed, Inc. (NYSE:RMD). A major player in the sleep apnea technology market, Resmed, Inc., has seen its stock price nearly triple in the last 12 months.
Richard J. Glymph was with Respironics, Inc. (Nasdaq:RESP) in a senior executive position dealing with new product development and introduction. Respironics, Inc., arguably the other major player in the burgeoning sleep apnea market, has also seen spectacular gains in its stock price in the previous year.

Bruce Sher, President of Mergenet Solutions, Inc. said, "We feel extremely fortunate that we have hired some of the best people available in this management capacity. We also feel that combined with our medical advisory board (an advisory board of over 120 of the nations top physicians) Mr. Karem and Mr. Glymph have the necessary depth, knowledge, and intelligence to lead this company into the vast and lucrative sleep apnea market."

About Mergenet Solutions, Inc.
Mergenet Solutions, Inc. is a full service technology incubator based in Boca Raton, Florida. The company also can assist private companies in their efforts to become public, as well as ancillary services, such as providing a board of directors, constructing company advisory boards, private placements, etc.

The company at present has several companies under incubation and accepts applications at the company's web site ( www.mergenetsolutions.com or www.gopublicnet.com ). Mergenet Solutions concentrates on technology, medical technology, and energy related companies.