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Quick-Med Technologies Announces CEO Appointment

GAINESVILLE, Florida, August 9, 2007 – Quick-Med Technologies, a life sciences company developing proprietary, advanced technologies for the healthcare and consumer markets as well as for advanced defense and homeland security medical applications, today announced that the company has appointed J. Ladd Greeno, as the company's chief executive officer, effective immediately. Concurrent with Greeno’s appointment, Quick-Med has secured new funding and commitments totaling $750,000 to fund its general operations.

Greeno is a seasoned industry executive who acquired a wealth of business and management experience during his career which includes 3 years as CEO of Agion Technologies and 25 years with consulting pioneer Arthur D. Little (ADL).

"Ladd Greeno brings a depth of business experience that will be a perfect complement to the exceptional scientific expertise of Quick-Med’s founding team," said Michael R. Granito, chairman of the board of Quick-Med. "The addition of Ladd’s experience and business acumen will accelerate our ability to better realize the powerful potential of our two technology platforms.”

Before becoming Quick-Med’s CEO, Greeno served as President and CEO of Agion Technologies, a leading provider of silver-based antimicrobials. Before joining Agion, he held a number of senior management positions at the global management and technology consulting firm, Arthur D. Little, Inc., including Chief Operating Officer and senior vice president in charge of the firm’s North American Management Consulting business. Greeno began his consulting career in ADL’s Strategy & Organization practice and then moved into leadership roles successfully building the firm’s worldwide Environmental, Health, and Safety Consulting business. His consulting experience has included dozens of assignments at the CEO or Boardroom level across multiple industries.

"It's an exciting time to be joining Quick-Med, with each of the company's two platform technologies poised for growth," said Greeno. "Drawing on my prior experience, I especially look forward to helping the Quick-Med team advance and commercialize NIMBUS®, our next generation technology that will bring a new standard to effective, bonded, and affordable antimicrobial technology.” Greeno has an MBA from the Harvard Business School. He earned his BBA degree from The University of Oklahoma.

 

About NIMBUST
The Company's patented technology, NIMBUSŪ, employs a family of advanced antimicrobial polymers that destroy bacteria at the cellular level, thereby eliminating the risk of developing drug resistance. Unlike any other microbicide on the market today, the NIMBUS technology works by creating a permanent bond with a multitude of substrates (without leaching) and is less than 10% the cost of silver-based antimicrobials. NIMBUS is highly effective, including against methicillin-resistant Staphylococcus aureus ("MRSA") and vancomycin-resistant Enterococcus ("VRE"), two of the most significant antibiotic-resistant organisms responsible for hospital infections.

 

About Quick-Med Technologies, Inc.
Quick-Med Technologies is a life sciences company focused in developing proprietary, broad-based technologies for consumer, industrial, and healthcare use, as well as for advanced military and civilian medical applications. The Company¹s two core products under development are (1) MultiStat™, a family of advanced compounds shown to be effective in broad-based skin therapy applications, and (2) NIMBUS™, a family of advanced polymers that can be used in a wide range of applications from advanced wound care to wood preservatives. Quick-Med Technologies is listed under the symbol "QMDT" on the OTC Bulletin Board. For additional information, visit Quick-Med Technologies¹ website: www.quickmedtech.com or email: info@quickmed-technologies.com

For additional further information, please contact QMT:

David S. Lerner -- President
Phone : (561) 750-4202
Email: dlerner@quickmed-technologies.com

Natasha A. Sorobey -- Corporate & Investor Relations (Canada)
Phone: (403) 203-4748
Email: nsorobey@quickmed-technologies.com

Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained in this release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "will", "to", "expect", "plan", "believe", "anticipate", "intend", "could", "would", "estimate", and/or "continue" or the negative or other variations thereof or comparable terminology is intended to identify forward-looking statements involve risks and uncertainties, including launch and approval of the potential products described herein and the Company¹s results of operations. The Company is also subject to other risks as detailed from time-to-time in the Company¹s SEC filings.

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