Aquamer Names New Chief Executive Officer Richard Falcone

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By OwnerAccount

Boston, Massachusetts, February 24, 2010 (NEWSWIRE) – (AQUM.OB) Richard Falcone has been named Aquamer Medical Corp.’s new President and Chief Executive Officer, as well as a member of its Board of Directors effective immediately, the Company announced today, Feb. 24, 2010.  Mr. Falcone will replace current CEO Marshall Sterman as part of a wider corporate restructuring.  Mr. Sterman will continue to serve as Chairman of the Board.


“I believe that Richard’s 30 years of proven leadership with fast growing multinational public corporations will be a valuable addition to our executive team,” Sterman said in a statement.  “His depth of experience and leadership skills will hopefully allow us to accelerate our growth and take the Company to the next level.”


Mr. Falcone is an experienced financial and operational executive in manufacturing, retail and technology companies.  He was formerly the CFO of Bed, Bath & Beyond Inc., taking a privately held company into the public domain with public offerings in excess of $275 million, while revenues grew from $100 million to over $800 million.  He headed Tiffany & Co. global expansion as the Director of Internal Finance and Operations and also played a prominent role in Tiffany’s IPO.  Mr. Falcone also has significant experience in turnaround having successfully restructured two publicly traded companies, Tasker Productions Corporation and The A Consulting Team.  Mr. Falcone, a Certified Public Accountant (CPA) brings a lifetime of financial management skills to the company and will provide the Company with astute financial leadership.


About Aquamer


Aquamer (AQUM.OB) is a holding company for early stage innovative technology development.  The technologies which the company seeks are at the stage of pre-market or right after market entry.  An integral part of Aquamer’s business plan is the evaluation and pursuit of innovative new technologies to bring under its holding company structure to hopefully develop subsidiary entities with sustainable revenue and earnings.  The Company was formerly known as Aquamer Inc. and changed its name in June 2007.  The Company was founded in 2000 and is based in Massachusetts.


Company Contact:


Joe Noel

(925) 922-2560

Holly Ruma

(978) 590-3193



Forward-Looking Statements


Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company’s expectations with regard to the future impact on the company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, and the Company’s Quarterly Report on Form 10-Q for the third quarter ended September 30, 2009. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.